Cost reductions gained through mass-producing a standardized output are a source of scale economies.
Answer the following statement true (T) or false (F)
True
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According to the Global Market Research Reports, data for Chinese markets are available for:
A) cosmetics. B) online music. C) whiskies. D) luxury goods. E) pharmaceutical.
Which one of the following types of inventory accounts would be used by a wholesaler or retailer?
a. Merchandise inventory b. Finished goods inventory c. Work in process inventory d. Raw materials inventory
Which of the following observations is true?
A) In today's business environment, marketers are mainly middlemen. B) Marketing has the sole ownership of customer interactions. C) Only when all employees realize their job is to create, serve, and satisfy customers does the company become an effective marketer. D) Marketers must clearly differentiate all customer-facing processes, such that every customer receives a personalized marketing message. E) Marketers must avoid collaborating with other organizational departments, as it blurs functional responsibilities.
Abby and Bailey are partners who share income in the ratio of 2:1 and have capital balances of $60,000 and $30,000 respectively. With the consent of Bailey, Sandra buys one half of Abby's interest for $35,000. For what amount will Abby's capital account be debited to record admission of Sandra to the partnership?
A) $40,000 B) $15,000 C) $35,000 D) $30,000