Harley-Davidson markets motorcycles, clothes, toys, and restaurants. It uses its strong ________, which is ________.
A. financial position; an intangible resource
B. technological resources; an intangible resource
C. brand image; a tangible resource
D. brand image; an intangible resource
Answer: D
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The law firm of Regal and Porter is examining its client base to determine how profitable its regular clients are. Its analysis indicates that Hawthorne, Inc. paid $179,200 in fees last year, but cost the firm $208,600 ($168,000 in billable labor, supplies, and copying, and $40,600 in allocated common fixed costs). If Regal and Porter dropped Hawthorne, Inc. as a client, and all fixed costs are unavoidable, how would profit be affected?
A. Decrease $11,200 B. Increase $29,400 C. $0 D. Decrease $179,200
When the Balance Sheet columns of the work sheet are initially totaled, they should be in balance
Indicate whether the statement is true or false
Which of the following topics is of more concern to management accounting than to cost accounting?
a. generally accepted accounting principles b. inventory valuation c. cost of goods sold valuation d. impact of economic conditions on company operations
The major advantage of Census of Population data is that they are available annually
Indicate whether the statement is true or false