Which of the following consist(s) of capital items that cost less and are shorter-lived than installations.
A. staples
B. component parts
C. accessory equipment
D. component materials
E. supplies
Answer: C
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Which of the following is a definition of expenses that clearly represents an asset-liability approach?
a. Expenses are outflows or other using up of assets or incurrence of liabilities (or a combination of both) during a period from delivering or producing goods, rendering services, or carrying out other activities that constitute the entity’s major or central operations. b. Expenses are costs directly associated with the revenue of the period. c. Expenses are gross decreases in assets or gross increases in liabilities recognized and measured in conformity with generally accepted accounting principles that result from those types of profit-directed activities of an enterprise. d. Expenses in the broadest sense include all expired costs which are deductible from revenues.
Genesis Scents has two divisions: the Cologne Division and the Bottle Division. The Bottle Division produces containers that can be used by the Cologne Division. The Bottle Division's variable manufacturing cost is $2, shipping cost is $0.10, and the external sales price is $3. No shipping costs are incurred on sales to the Cologne Division, and the Cologne Division can purchase similar containers in the external market for $2.60. The maximum amount the Cologne Division would be willing to pay for each bottle transferred would be:
A. $3.00. B. $2.60. C. $2.10. D. $2.90. E. $2.00.
In the context of the knowledge base component of an expert system, _____ enables an expert system to learn from experience and examine and extract relevant facts to determine the path to a solution
A) meta-knowledge B) factual knowledge C) heuristic knowledge D) dominant knowledge
The price-book ratio is computed as the market value per share divided by the per share book value of:
A. long-term debt plus equity. B. long-term debt. C. total assets. D. net working capital. E. equity.