A customer agrees to pay a seller over time with a promissory note. Which of the following statements related to this situation is false?
A) The transaction price is determined by adjusting the promised amount of future consideration to reflect the time value of money.
B) The objective for the adjusting for time value of money is to separate the contract into a revenue element and a financing element.
C) When adjusting for the time value of money, the seller should use the current prime lending rate as the discount rate.
D) Sellers are not required to adjust for the time value of money if the time period between the customer's payment and the company's transfer of goods or services is less than one year.
C
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In performing a vertical analysis, the base for cost of goods sold is:
A) total selling expenses. B) net sales. C) total expenses. D) total revenues.
A seven activity project has the activity durations (in weeks) and costs shown in the table. In addition to the activity costs shown in the table, there is an additional daily fixed cost of $450. What is the least expensive project completion cost?
Activity Predecessor Normal Duration Normal Cost Crash Duration Crash Cost A -- 7 $2000 5 $3000 B -- 8 $1500 6 $2000 C A 12 $2500 10 $2900 D B 13 $3000 10 $4200 E B 15 $4000 12 $5500 F C, E 10 $3200 8 $4000 G D 7 $1800 6 $2200 A) $31,450 B) $31,900 C) $32,350 D) $32,700
In designing a global marketing channel one should be concerned with channel width. This refers to:
(a) The number of intermediaries of each type in the channel (b) The number of types of intermediaries in the channel (c) The number of intermediaries on each side of the national border (d) The number of intermediaries of each type in the foreign country (e) None of the above
Which of the following represents time-series data?
A. The length of time each of the top 100 stocks have been available on the NASDAQ. B. The most popular time of year that people purchase the top 100 stocks on the NASDAQ. C. The value of the #1 stock on the NASDAQ each month over a one-year period. D. All of these choices are true.