In a revenue-sharing contract, ______.
A. the supplier and buyer share the revenue from sale of products
B. the suppliers sell components and materials to the manufacturer at a price below their marginal cost, but the suppliers also share the manufacturer’s revenue, which offsets this loss
C. the manufacturer benefits from the increased supply levels and the reduced purchase price of the supplies it purchases
D. the burden of overcapacity is borne by the buyer
D. the burden of overcapacity is borne by the buyer
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When using the periodic inventory system, the Merchandise Inventory account is ________.
A) not used B) never used when recording purchase discounts, or returns of inventory C) replaced on the balance sheet with the Purchases account D) updated after each sale
Restructuring requires the corporate office to find either poorly performing firms with unrealized potential or firms in industries on the threshold of significant, positive change.
Answer the following statement true (T) or false (F)
The Governmental Accounting Standards Board is assigned responsibility for setting accounting and financial reporting standards for
A. Not-for-profit organizations. B. State and local government entities and governmentally-related units and agencies, such as utilities, authorities, hospitals, and colleges and universities. C. State and local governments and all not-for-profit organizations. D. Governments such as federal agencies, states, cities, counties, villages, and townships.
The second part of a marketing strategy statement describes the ________ of a new product
A) marketing mix strategy B) profit and sales goals C) planned price, distribution, and marketing budget D) target market and sales goals E) planned value proposition