Trust funds should utilize the accrual basis of accounting.
Answer the following statement true (T) or false (F)
True
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Miller Brewing, which was acquired by Philip Morris, was related to the parent company's tobacco business because it was possible to create important marketing commonalities: both beer and tobacco are mass market consumer goods in which brand positioning, advertising, and product development skills are crucial to create successful new products. This is an example of which of the following?
A. Transferring competencies B. Leveraging competencies C. General organizational competencies D. Economies of scope E. Organizational design skills
Delemos Products, Inc., has a Transmitter Division that manufactures and sells a number of products, including a standard transmitter. Data concerning that transmitter appear below: Capacity in units 83,000Selling price to outside customers$98Variable cost per unit$60Fixed cost per unit (based on capacity)$24?The Remote Devices Division of Delemos Products, Inc needs 6,000 special heavy-duty transmitters per year. The Transmitter Division's variable cost to manufacture and ship this special transmitter would be $66 per unit. Because these special transmitters require more manufacturing resources than the standard transmitter, the Transmitter Division would have to reduce its production and sales of standard transmitters to outside customers from 83,000 units per year to 76,400
units per year.?From the standpoint of the Transmitter Division, what is the minimal acceptable transfer price for the special transmitters for the Remote Devices Division? A. $104.00 per unit B. $90.00 per unit C. $107.80 per unit D. $98.00 per unit
Tracy gave stock with an adjusted basis of $18,000 and an FMV of $15,000 to her nephew Phil. No gift tax was paid. Phil sold the stock for $16,000. The gain or loss Phil will recognize on the sale is
A) $1,000 gain. B) $0. C) $1,500 loss. D) none of the above
What determines whether the sales forecasting process is direct or indirect?
A. the industry orientation of the firm B. the nature of the predicting variable C. the ultimate goal of the entrepreneur D. the marketing philosophy of the company