What are the two general rules that should be followed when computing a transfer price?
1 . The maximum price should be no higher than the lowest market price at which the buying segment can acquire the good or service eternally.
2 . The minimum price should be no less than the sum of the selling segment's incremental costs associated with the goods or services plus the opportunity cost of the facilities used.
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Which of the following is not an assumption underlying cost-volume-profit analysis?
A) Product sales mix will not change during the period. B) The breakeven point will be reached and surpassed during the period. C) Cost behavior can be determined accurately. D) Productivity is constant within the relevant range.
Fortune Drilling Company acquires a mineral deposit at a cost of $5,900,000. It incurs additional costs of $600,000 to access the deposit, which is estimated to contain 2,000,000 tons and is expected to take 5 years to extract. What journal entry would be needed to record the expense for the first year assuming 418,000 tons were mined?
A. Debit Depletion Expense $1,358,500; credit Accumulated Depletion $1,358,500. B. Debit Depreciation Expense $1,233,100; credit Accumulated Depreciation $1,233,100. C. Debit Depreciation Expense $1,358,500; credit Accumulated Depreciation $1,358,500. D. Debit Amortization Expense $1,358,500; credit Accumulated Amortization $1,358,500. E. Debit Depletion Expense $1,233,100; credit Accumulated Depletion $1,233,100.
GridView task used to associate the grid with the existing data source is which of the following?
A) Choose data source B) Open data source C) New data source D) Configure data source
Define the term "discipline" in the context of counseling problem employees. Elaborate on the discipline process.
What will be an ideal response?