A marketing information system compiles and organizes data relating to _____, revenue, and profit from the customer base.
a. price
b. cost
c. demand
d. supply
ANSWER: b
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Attribute listing lists several ideas and considers each in relationship to the others
Indicate whether the statement is true or false
Under U.S. GAAP, the classification of interest expense as an operating activity and dividends paid on common or preferred shares as a financing activity appears inconsistent to some observers as both are payments to suppliers of funds. Authoritative guidance requires the different treatments because
a. interest is an expense in computing net income. b. dividends represent a distribution of assets generated by net income not an expense reducing net income. c. interest represent a distribution of assets generated by net income not an expense reducing net income. d. dividends is an expense in computing net income. e. both choices a and b are correct.
A private college received an offer from a CPA who is an alumnus to teach a one-semester advanced accounting course at no cost. ASC 958 prescribes that this contribution of service:
A. need only be disclosed in the footnotes to the financial statements. B. need not be recorded if the service is for a period less than one academic year. C. be recorded as an asset with an equivalent amount recorded in the unrestricted fund balance. D. be recorded as a revenue with an equivalent amount recorded as an expenditure.
When using the stepping-stone method for a minimization problem, the number of units that reallocates corresponds to the smallest number found in the cells containing minus signs
Indicate whether the statement is true or false