Which one of the following inventories may be valued for balance sheet purposes at the inventory's selling price less distribution costs even if it is above the cost of the inventory?
A) automobiles for an automobile manufacturer
B) gold for a mining corporation
C) steel for a steel manufacturer
D) athletic shoes for a retail store
B
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________ often come at the expense of ________ because a single customer segment will likely require a variety of products, each of which will have to designed and manufactured.
A. Distributor synergies; supplier synergies B. Supplier synergies; consumer synergies C. Marketing synergies; product synergies D. Product synergies; marketing synergies E. Marketing synergies; finance synergies
Comparative negligence by a plaintiff results in the plaintiff's being completely unable to recover
Indicate whether the statement is true or false
The Hum Division of the Ho Company reported the following data for last year: Net operating income$150,000 Interest expense$50,000 Tax expense$30,000 Stockholders' equity$200,000 Average operating assets$600,000 Minimum required rate of return 12%?The return on investment (ROI) last year for the Hum Division was:
A. 25% B. 75% C. 35% D. 12%
Sarah works for a company that has offered a promotion if she is willing to relocate. Sarah accepts the position and puts her house on the market right away. She sells her house the first day that the realtor holds an open house. The buyer agrees to pay cash for the full purchase price of the house. Sarah is thrilled, except that it means that she will have to put her furniture in storage until she finds another house in her new city. She enters into a written contract with Safe Storage, Inc. The agreement includes a clause excusing Safe Storage, Inc. from any liability for loss or damage, even if the loss or damage results from Safe Storage's negligent acts. Because of Self Storage's negligence, a fire destroys the warehouse and all of its contents, including Sarah's household goods and
furniture. Sarah claims that Safe Storage, Inc. is liable for the full value of the contents, which is approximately $10,000. Is Sarah correct? A. Yes, because storage warehouses are strictly liable for loss or damage, regardless of fault and regardless of exculpatory clauses. B. No, because there was equal bargaining power between Sarah and Safe Storage, Inc. C. Yes, because exculpatory clauses are illegal and never enforceable. D. Probably, because often a court will reject an exculpatory clause against a bailor who is a consumer.