On April 15, Topper Company agrees to a contract to sell 9,000 tie-dyed flags for $45,000 to PeaceTime, Inc On August 1, after 5,000 flags have been delivered, Topper and Peace modify the agreement to sell an additional 6,000 flags for $21,000 which is significantly lower than Topper's stand-alone selling price at that time. During August, Topper delivers 1,000 flags. How much revenue will Topper
recognize for the month of August?
A) $5,000
B) $4,400
C) $4,250
D) $4,100
D
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The present value of the expected pension benefits that will ultimately be paid is the:
A. minimum balance sheet liability. B. accrued pension liability. C. accumulated benefit obligation. D. projected benefit obligation.
Discontinuing a product or segment is a huge decision that must be carefully analyzed. Which of the following would be a valid reason not to discontinue an operation?
A) when the losses are minimal B) when the variable costs are less than revenues C) when the variable costs are more than revenues D) when fixed costs are more than revenues
Asynchronous communication requires all participants to be present at the same time
Indicate whether the statement is true or false
According to the Myers-Briggs Type Indicator® (MBTI), if when gathering data you prefer abstract data and concepts, you are an
a. Openness type b. iNtuitive c. Sensor d. Perceive