A larger production volume allows for production and purchasing economies that lower the unit cost of a product, thereby producing a ________ effect
A) scale
B) scope
C) cluster
D) network
E) Mohring
A
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Tarkington Beers, Inc purchased the most popular and well-known pub in a college town. Its purchase price was $1,200,000 . The appraisers determined that the land should be valued at $400,000, the building at $500,000 and the equipment at $200,000 . Which of the following statements is correct?
a. Tarkington Beers, Inc. should record only the appraised value of the assets. b. Tarkington Beers, Inc. needs to adjust the value of the assets in proportion to their appraised value so that the total of the assets equals the purchase price. c. Tarkington Beers, Inc. paid too much for the business and needs to record a loss. d. Tarkington Beers, Inc. needs to record goodwill of $100,000.
In-house developed systems are less reliable than commercial software
Indicate whether the statement is true or false
Blueribbon Gallery reported the following assets on its December 31, 2019 balance sheet:
What will be an ideal response?
Under the allowance method, the charge off of a specific account receivable does not influence the income statement nor the net receivable on the balance sheet at the time of the charge off
Indicate whether the statement is true or false