A new machine with a purchase price of $109,000, with transportation costs of $12,000, installation costs of $5,000,and special acquisition fees of $6,000, would have a cost basis of
a. $121,000
b. $132,000
c. $114,000
d. $126,000
b
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Which of the following is TRUE of the comparison between a manual and a computerized accounting information system?
A) In both manual and computerized systems, reports and financial statements must be created using Word documents, Excel spreadsheets, or PowerPoint. B) In a computerized system, the software can generate financial reports instantaneously that cannot be formatted. C) In a manual system, data are contained in paper documents, which are often stored in filing cabinets and off-site document warehouses; whereas in a computerized system, data are stored on a main computer called a server. D) In both manual and computerized systems, processing data includes manually journalizing transactions and posting to the accounts.
Not all styles of sales presentation require that the salesperson be prepared to negotiate.
Answer the following statement true (T) or false (F)
When planning, managers allocate overhead costs using either the traditional or ABC approach
Indicate whether the statement is true or false
Trey sells consumer electronics. He knows his customers weigh the costs versus the benefits associated with the different options available. He decides which products to offer and what prices to charge based on the way his customers think. Trey operates as if he were in the ________ era.
A. production-oriented B. market-oriented C. value-based marketing D. retailing-oriented E. sales-oriented