David buys ski equipment from various manufacturers and resells the products to consumers that come into his store. David is a ________.
Fill in the blank(s) with the appropriate word(s).
retailer
A retailer is any organization that purchases products for the purpose of reselling them to the ultimate consumer.
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Joseph Juran defined quality as ________, which meant that a product or service should satisfy a customer's real needs.
A. value orientation B. fitness for use C. need fulfillment D. functional capacity E. feature superiority
The following are exceptions to the Statute of Frauds requirement under the UCC that contracts
for the sale of goods of $500 or more must be in writing except: A) Part acceptance of goods. B) Admissions in pleadings or court. C) Specially manufactured goods. D) A, B, or C. E) A or B only.
On January 1, Jewel Company buys $213,000 of Marcelo Corp. 12%, 36-month notes. Interest is paid on the last day of each month. The notes are classified as available-for-sale securities. This is the company's first and only investment in available-for-sale securities. On December 31, the notes have a fair value of $218,300. The journal entry on January 1 to record the investment is:
A. Debit Debt Investments - Trading, $213,000; Credit Cash, $213,000. B. Debit Debt Investments - AFS, $213,000; Credit Cash, $213,000. C. Debit Debt Investments - AFS, $218,300; Credit Cash, $218,300. D. Debit Debt Investments - HTM, $218,300; Credit Cash, $218,300. E. Debit Debt Investments - HTM, $213,000; Credit Cash, $213,000.
Which of the following statements concerning cash flow evaluation in capital budgeting is correct??
A. ?When determining a project's terminal cash flows, it is generally assumed that the firm's operations do not return to the same level as they were before the project was purchased. B. ?Any change in depreciation expense must be computed as it affects the cash flow of a project. C. ?The relevant marginal cash flows associated with a project should always include depreciation, because depreciation is an annual operating expense that requires a cash payment. D. ?If an asset is depreciated using the Modified Accelerated Cost Recovery System (MACRS), its depreciable basis is the amount that can be depreciated over the asset's useful life, which generally includes the purchase price minus any shipping and installation charges or other costs that are incurred in order to prepare the asset for use. E. ?The sunk costs associated with an investment proposal are relevant cash flows for capital budgeting analysis, so they should not be included in the computation of the marginal cash flows.