Brentwood Auto Repair purchased a new machine and placed it in service on June 14. Which of the following is NOT included in the cost of equipment?
A) cost of testing the machine on June 12
B) purchase commission
C) sales tax
D) a six month insurance policy which was paid on June 5 and became effective on June 15
D) a six month insurance policy which was paid on June 5 and became effective on June 15
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Answer the following statement true (T) or false (F)
Which of the following statements is true?
A) A company's value chain is not part of its supply chain. B) A manufacturer's supply chain typically includes research and development and customer service. C) A company's supply chain includes the value chains of its suppliers. D) Your supplier's suppliers are part of your value chain.
Which of the following accounts would you expect to find on the balance sheet of a manufacturing company?
a. finished goods inventory, raw materials inventory, and merchandise inventory b. finished goods inventory, work-in-process inventory, and merchandise inventory c. raw materials inventory, work-in-process inventory, and merchandise inventory d. finished goods inventory, raw materials inventory, and work-in-process inventory e. none of the above
Customer ________ refers to the perceived benefits, both monetary and nonmonetary, that customers receive from a product compared with the cost associated with obtaining it.
Fill in the blank(s) with the appropriate word(s).