Which of the following would not be an example of a cost to include in a selling and administrative expense budget?
A. Franchise fees
B. Legal expenses
C. Fixed manufacturing overhead
D. Accounting services
Answer: C
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Martin Company purchases a machine at the beginning of the year at a cost of $70,000. The machine is depreciated using the double-declining-balance method. The machine's useful life is estimated to be 4 years with a $5800 salvage value. Depreciation expense in year 4 is:
A. $4375. B. $35,000. C. $5900. D. $2950. E. $16,175.
Which of the following is true about rareness and advanced factors of production?
A. Process knowledge, organizational architecture, and intellectual property are more difficult to imitate which results in a better chance in achieving long-term, sustainable competitive advantage. B. Intellectual property is the only advanced factor of production that is unique enough to capture long-term, sustainable competitive advantage. C. Since most process knowledge and organizational architecture is purchased from outside providers, it can be copied by other firms and does not lead to the rarity necessary to result in long-term, sustainable competitive advantage. D. Advanced factors of production are not able to capture the uniqueness that basic factors of production can achieve and therefore do not factor into the pursuit of long-term, sustainable competitive advantage. E. Advanced factors of production are less likely to be rare and are in general easier for rivals to imitate resulting in the inability for firms to achieve long-term, sustainable competitive advantage.
Calculate the payback period for Proposal X.
Nubela Manufacturing is considering two alternative investment proposals with the following data:
A) 5 years
B) 4 years
C) 9 years
D) 8 years
A consortium of nine major advertisers recently joined Television Production Partners, a new venture that develops movies, specials, and limited-run series for television. The members will choose the programs they want to be involved with, take responsibility for production, and take a portion of the commercial spots during these shows. The nine advertisers are using a(n) ________ type of advertising arrangement.
A. off-network syndication B. participation C. adjacency D. countertrade E. sponsorship