Shelton Engines has built a new model of engines that can withstand more heat than the competing engines in its class. Lokin Inc, a sports car manufacturer, ________ the equipment from Shelton Engines for $1,000,000. Shelton Engines transfers title to the engine to Lokin. Lokin is now the owner of the equipment.
A) captures
B) leases
C) purchases
D) produces
C
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Listed below are the major functions of the purchasing process.1) Purchasing function.2) General ledger function.3) Invoice-processing function.4) Disbursement function.5) Accounts payable function.6) Requisition and receiving function.Name four pairs of functions that should be segregated from each other and explain why the segregation is important.
What will be an ideal response?
In the customer pyramid, which of the following segments consists of customers with the top 25 percent CLVs?
A. Gold segment B. Iron segment C. Silver segment D. Platinum segment E. Lead segment
Which racial group is most likely to commit fraud?
a. Caucasian b. African American c. Asian d. Hispanic e. People of every race commit fraud
Duerr Company makes a $63,000, 30-day, 14% cash loan to Ryan Co. The note and interest to be collected at maturity is: (Use 360 days a year.)
A. $735. B. $63,000. C. $63,735. D. $71,820. E. $62,265.