In applying the lower of cost or market method to inventory valuation, market is defined as the current selling price.
Answer the following statement true (T) or false (F)
False
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Strategic systems planning is important because the plan
a. provides authorization control for the Systems Development Life Cycle b. will eliminate any crisis component in systems development c. provides a static goal to be attained within a five-year period d. all of the above
What was the first stage Chiquita Brands International implemented in its CSR program?
a. Ensure financial resources are available b. Raising top management awareness c. Gain community consensus d. Changing organizational behavior
Layer Corporation has provided the following information concerning a capital budgeting project: Investment required in equipment$160,000 Expected life of the project 4 Salvage value of equipment$0 Annual sales$360,000 Annual cash operating expenses$290,000 Working capital requirement$20,000 One-time renovation expense in year 3$20,000 The company's income tax rate is 30% and its after-tax discount rate is 8%. The working capital would be required immediately and would be released for use elsewhere at the end of the project. The company uses straight-line depreciation on all equipment. Assume cash flows occur at the end of the year except for the initial investments. The company takes income taxes into account in its capital budgeting. The total cash flow net of income
taxes in year 2 is: A. $30,000 B. $61,000 C. $70,000 D. $47,000
DownPillow, Inc, a U.S. company, and Eiderhoff, a German Company, negotiate a contract with forum and choice of law clauses for the U.S. A dispute arises, the case is heard in the U.S., and a judgment is given to DownPillow. DownPillow wants to enforce this judgment in Germany. According to the above scenario, which of the following statements is true?
A) Germany will not allow this judgment to be enforced in Germany because it does not recognize U.S. judgments. B) Germany will allow one-half of the judgment to be enforced in Germany. C) Germany will allow the entire judgment to be enforced if Eiderhoff received notice, it does not violate German law, and the U.S. reciprocates with German judgments. D) None of the above.