Pricing established for transactions between members of the enterprise is called:
A. market pricing.
B. conveyance pricing.
C. transfer pricing.
D. resettlement pricing.
E. internal pricing.
Answer: C
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Heidi runs a multiple regression for the output of cheese curds by using the daily temperature and the consumption of sweet clover
The intercept term is 23, the slope coefficient for the daily temperature is 1.5 and the slope coefficient for the consumption of sweet clover is 0. Which of these conclusions is most appropriate? A) Heidi should collect more data. B) The most important term in Heidi's model is the intercept. C) As the daily temperature rises, the intercept term probably decreases. D) Heidi should drop the sweet clover term from her model.
Price fixing, loss leaders, and price misrepresentation are illegal because they eliminate ____________________
Fill in the blank(s) with correct word
Cheyenne Enterprises manufactures Nuts and Bolts from a joint process (cost = $80,000). Five thousand pounds of Nuts can be sold at split-off for $20 per pound; ten thousand pounds of Bolts can be sold at split-off for $15 per pound. For product costing purposes Cheyenne allocates joint costs using the relative sales value method.The amount of joint cost allocated to Bolts would be:
A. $60,000. B. $32,000. C. $40,000. D. $80,000. E. $48,000.