Stock certificates are tangible personal property
Indicate whether the statement is true or false
FALSE
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Which of the following marketing metrics is an internal forward-looking metric for a firm?
A) market share B) customer retention C) revenue per customer D) inventory turnover E) customer satisfaction
In the revenue cycle, the internal control "limit access" applies to physical assets only
Indicate whether the statement is true or false
(CMA adapted, Dec 92 #9) In a business combination that is accounted for as a purchase and does not create negative goodwill, the assets of the acquired company are to be recorded on the books of the acquiring company at
a. original cost. b. original cost less accumulated depreciation. c. fair market value. d. book value. e. liquidation value.
Kraus Department Store, located in Chicago, sells 1,700 coffee makers per year. The purchase price of each coffeemaker is $70. The ordering cost is $90 per order. The holding cost is 30% of the unit purchase price. In this example, the holding costs are approximately ______.
A. $2,167 B. $2,535 C. $4,628 D. none of these