Acceptable methods of assigning specific costs to inventory and cost of goods sold include all of the following except:
A. LIFO method.
B. Weighted average method.
C. Retail method.
D. Specific identification method.
E. FIFO method.
Answer: C
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Transfer pricing
a. is a concept readily accepted by managers of divisions, because it relies on concepts used in cost-based pricing methods. b. incorporates procedures that allow for ease in determining the amount of profit associated with each division of a decentralized company. c. involves determining the cost and profit if the output of one division is transferred to another division of the same company. d. is not used by many companies because it is difficult to eliminate intercompany profits.
During the Civil War, Louisa May Alcott worked as a nurse at a Civil War hospital, this experience was chronicled in Hospital Sketches
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the United States, we expect people to “keep their distance.” If someone in a social setting does not respect our personal zone and instead comes closer than we expect, what might be the possible cause(s)?
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Which type of manufacturer-owned wholesaler does not maintain an inventory, but sells the manufacturer’s products and could be considered to be a sales force owned by the manufacturer?
a. agents b. brokers c. sales office d. sales branch e. drop shipper