In general, the defenses available in a dispute over a contract can be raised against holders in due course
Indicate whether the statement is true or false
False
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Exhibit 9-4 During 2016, the Thomas Company began selling a new type of machine that carries a two-year assurance-type warranty against all defects. Based on past industry and company experience, estimated warranty costs should total $2,000 per machine sold. During 2016, sales and actual warranty expenditures were $4,000,000 (80 machines) and $44,000, respectively. Thomas uses the GAAP approach
of accruing warranty expense (and the related liability) in the year of the sale. ? Refer to Exhibit 9-4. What amount should Thomas report as its warranty expense for 2016? A) $0 B) $ 44,000 C) $160,000 D) $320,000
The goal in a never-out list is to maximize inventory turnover
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The rationale for making strategy-critical value chain activities the primary building blocks in a company's organizational scheme is based on the
A. benefit such an organizational scheme has in improving the productivity of geographically scattered organizational units. B. much shorter time it takes to build core competencies and competitive capabilities. C. benefit such an organizational scheme has in reducing costs. D. thesis that if activities crucial to strategic success are to have the resources, decision-making influence, and organizational impact, they have to be centerpieces in the organizational scheme. E. benefit such an organizational scheme has in making the empowerment of employees more effective.
Manufacturers generally prefer?
a. Product differentiation b. Product standardization c. Neither product differentiation nor product standardization d. The preferences of manufacturers are impossible to assess