The transfer of a security between investment categories is accounted for either at fair value at the time of the transfer or at cost, depending upon the type of transfer
Indicate whether the statement is true or false
False
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What are the major differences between global, foreign, and local consumer culture positioning? Why are these differences significant? Give examples of how companies are trying to lure customers using these positioning strategies
What will be an ideal response?
Which of the following is the least effective way for an analyst to understand whether existing long-lived assets must be replaced?
a. understand industry conditions and firm strategies for capital expenditure growth b. calculate the average age of depreciable assets c. calculate the percentage of ownership the firm has in another entity d. calculate the proportion of depreciable assets consumed
You are the salesperson of an FMCG company. One of your retailers tells you to take back some unsalable goods. You are not sure if the customer's claim is honest or not. You do not want to make the retailer unhappy as he brings you good business. How do you tackle this situation?
A. Ask the customer to avoid being dishonest. B. Return half the merchandise if the customer is correct. C. Apologize to the customer and inform him that you are not sure of his claim. D. Never return the goods if you are not sure that the customer's claim is true. E. Give the benefit of doubt to the customer and return the goods.
Alpha and Beta are partners who share income in the ratio of 1:2 and have capital balances of $40,000 and $70,000 at the time they decide to terminate the partnership. After all noncash assets are sold and all liabilities are paid, there is a cash balance of $50,000. What amount of loss on realization should be allocated to Alpha?
A) $60,000 B) $20,000 C) $30,000 D) $50,000