Birken Co purchased a building for $600,000 in 2004 . At the end of 2016, when it had a book value of $450,000, it was appraised for $1,000,000 . A potential buyer offered $900,000 . Birken rejected the offer. What amount should is recorded on Birken's records at the end of 2016 in the account called Buildings?
a. $2,000,000
b. $800,000
c. $500,000
d. $350,000
c
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Which one of the following statements is true if a company's collection period for accounts receivable is unacceptably long?
a. The company may need to borrow to acquire operating cash. b. The company may offer trade discounts to lengthen the collection period. c. Cash flows from operations may be higher than expected for the company's sales. d. The company should expand operations with its excess cash.
Product line filling is overdone if it results in cannibalization and customer confusion
Indicate whether the statement is true or false
The language story of Chevy's Nova name is
A. one of many examples of language-based marketing snafus in foreign markets. B. a costly mistake for Chevy and an example of the need for local adaptation. C. a needed warning about back translation and language sensitivity. D. an urban legend contradicted by the facts in the market.
Under the SPS Agreement, governments may take any measure they wish in order to protect human, animal and plant life
Indicate whether the statement is true or false