_____ is the net cash (selling price less selling costs) that the firm would receive if it sold the asset today, in orderly fashion in an arm's-length transaction. It is an example of an exit value, because it reflects a price that the firm would receive in a transaction in which an asset leaves the firm
a. Current Replacement Cost
b. Net Realizable Value
c. Fair Value
d. Present Value of Future Net Cash Flows
e. Acquisition cost
B
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Skipper's Souvenir Shop had comparative balance sheets and income statements that showed the following information for 2010 and 2011: Inventory - 12/31/10 $100,000 Inventory - 12/31/11 85,000 Accounts payable - 12/31/10 20,000 Accounts payable - 12/31/11 15,000 Cost of goods sold - 2011 700,000 Skipper's accounts payable balances are composed solely of amounts due to suppliers for purchases of
inventory. What is the amount of cash payments for inventory that Skipper should report on its 2011 statement of cash flows assuming that the direct method is used? A) $690,000 B) $710,000 C) $850,000 D) $550,000
Why would an organization outsource information systems operations?
What will be an ideal response?
One potential disadvantage of using contingent workers is that_____
a. the costs for their health care, paid time off, and contributions to a retirement plan can be considerable b. the company may have to adjust the number of contingent workers that it uses to meet business needs c. there can be substantial training expenses d. they may not feel a strong connection to the company for which they are working
The following is a listing of some of the balance sheet accounts and all of the income statement accounts for Northview Company as they appear on the company's adjusted trial balance. Accounts Payable$30,000 Accounts Receivable 33,000 Inventory 60,000 Advertising Expense 36,000 Cost of Goods Sold 267,000 Delivery Expense 18,000 Income Tax Expense 6,000 Insurance Expense 3,000 Rent Expense 36,000 Sales Revenue 480,000 Sales Discounts 33,000 Sales Returns & Allowances 57,000 Gross profit would be:
A. $105,000. B. $111,000. C. $213,000. D. $123,000.