An organization that is offering unique, superior products or services to a wide market is pursuing a strategy of
A. cost leadership.
B. differentiation.
C. cost focus.
D. diversification.
E. focused differentiation.
B. differentiation.
The differentiation strategy is to offer products or services that are of unique and superior value compared to those of competitors but to target a wide market.
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Under international accounting standards, if a sale-leaseback results in an operating lease then
a. any profit on the original sale is deferred and recognized over the life of the subsequent lease. b. any profit on the original sale is not recognized in the financial statements. c. any profit on the original sale is deferred and recognized over the life of the leased asset. d. assuming the original sale was clearly at fair value, any profit is recognized immediately even when the leaseback results in an operating lease.
Suppose a company received a $2,500 utility bill for the month of March but has not yet recorded the transaction or paid the bill. What adjusting entry is necessary at March 31?
A) Utilities Expense 2,500Utilities Payable 2,500 B) Utilities Expense 2,500Cash 2,500 C) Utilities Payable 2,500Utilities Expense 2,500 D) No Entry
Under partnership law, ________ have the right to manage the affairs of the limited partnership
A) angel investors B) sole proprietors C) limited partners D) general partners
Maria's Distributing Inc sells 20 fax machines to Bill's Electronics Ltd. for $2,000 to be paid in 30 days. No other terms are agreed to. The fax machines are delivered to Bill's the next day
Forty-five days later, Bill's puts up a going out of business sign and advertises these fax machines at $50 each. Bill's has not made one payment to Maria's. Which of the following is true? A) Maria's Distributing Inc. is the owner of the fax machines. B) Bill's Electronics Ltd. is the owner of the fax machines C) Because Bill has not paid, Maria's Distributing Inc. can repossess the fax machines. D) Both A and C. E) Both B and C