What is the difference between a tangible and an intangible asset? Provide examples.
What will be an ideal response?
The owner, or founding team, needs to develop a complete list of all the tangible and intangible assets that the company will have at its founding. Tangible assets are hard assets such as equipment or a location. Intangible assets are those things that are not physical but are just as critical to success, such as relationships with key suppliers. A key part of intangible assets are the capabilities and skills of the founder(s) or employees.
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Montgomery Corporation has excess cash to invest and pays $200,000 to buy 7%, five-year bonds of Richmond Corporation, at face value, on June 30, 2018. The bonds pay interest on June 30 and December 31. Montgomery intends to hold the bonds to maturity and has the ability to hold the bonds to maturity. The bonds are disposed of, at face value, on June 30, 2023.
Prepare the journal entry for June 30, 2018 (omit the explanation).
The process of building and maintaining strong customer relationships by providing customer value is called:
A) marketing concept B) value-added selling C) customer relationship management D) personal sales philosophy E) customer strategy
Which of the following is NOT an organizationwide intervention?
a. TQM b. 360-degree feedback c. Six Sigma d. Open Space Technology
A firm that decides to emphasize those goods with the highest contribution margin per unit may have made an incorrect decision when the company has capacity constraints in the form of limited resources.
Answer the following statement true (T) or false (F)