Describe the critical resource considerations that should guide the location decision.

What will be an ideal response?

Factors that might be cited include the following issues.

?Closeness to Raw Materials. If required raw materials are not abundantly available in all areas, the areas in which they are abundant may offer special location advantages, especially if the firm's operations transform heavy or bulky raw materials into product that are easy to transport.?Suitability of the labor supply. Depending upon the nature of its production process, a firm's labor may need to examine labor factors such as availability, wage rates, productivity, and labor relations.?Availability of transportation. Retailers must consider the ability of customers to travel to its outlets and manufacturers should assess its ability to ship goods from a given location.

Business

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To estimate the accuracy of predicted values, it is useful to calculate the standard error of estimate

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Hillary, Bruce, and Cindy own a partnership firm. Hillary has an ownership interest of $24,000; Bruce has an ownership interest of $41,000; and Cindy has an ownership interest of $30,000. In the process of liquidation, the partnership sells non-cash assets and registers a gain of $30,000. The profit-loss sharing agreement is 1/6 to Hillary; 2/6 to Bruce; and 3/6 to Cindy. Which of the following is TRUE when a journal entry for the allocation of gain is recorded?

A) Hillary, Capital is credited for $10,000. B) Cindy, Capital is credited for $15,000. C) Hillary, Capital is debited for $10,000. D) Cindy, Capital is credited for $10,000.

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Each partner has a separate Capital, Withdrawals, and Income account

Indicate whether the statement is true or false

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U.S. GAAP and IFRS require complex procedures in accounting for income taxes. For example, firms provide for estimated uncollectible accounts when they recognize sales on account but delay the tax deduction until later, when firms judge that particular customers' accounts are uncollectible. In this example, a

a. deferred tax asset arises. b. deferred tax liability arises. c. firm recognizes a revenue earlier for financial reporting than for tax reporting. d. firm recognizes a revenue earlier for tax reporting than for financial reporting. e. firm recognizes an expense earlier for tax reporting than for financial reporting.

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Business