Ten years ago a corporation purchased a building for $160,000. At that time, the corporation felt that the business was worth $185,000. The current market value of the business is $460,000
The building has been assessed at $435,000 for property tax purposes. At which amount should the corporation record the building in its accounting records?
A) $160,000
B) $185,000
C) $435,000
D) $460,000
A
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Which of the following statements pertaining to defined benefit pension plans is not correct?
A. A small change in the pension discount rate can shift the funded status of the pension from year to year. B. A curtailment loss may occur because a division of a company is sold. C. Pension expense may be allocated to different categories of expenses within an income statement. D. A company may have multiple pension plans of which some may be overfunded and some may be underfunded and they are netted together to report the overall pension asset (liability).
Which budgeting method entails defining specific promotion goals, determining the necessary tasks, and estimating the costs to determine a promotion budget?
A) percentage-of-sales method B) objective-and-task method C) affordable method D) exponential task method E) competitive-parity method
A bundled price is preferable when:
a. different customers have different needs. b. firms customize services for each individual customer. c. consumers dislike having to pay extra for every part of a service. d. firms want to charge for their supplementary services separately.
Which of the following statements is FALSE about global supplier management?
a. Supply risks associated with global sourcing do not have the potential to disrupt the operations of firm’s global supply chain partners. b. Companies buying abroad need to account for the hidden cost of offshoring. c. Custom clearance times and other government red tape should be considered in decisions to work with global suppliers. d. It is expensive and time-consuming to gather critical information from geographically dispersed suppliers.