In the computation of the manufacturing cost per equivalent unit, the weighted-average method of process costing considers:
A. current costs less cost of beginning Work-in-Process Inventory.
B. current costs plus cost of beginning Work-in-Process Inventory.
C. current costs only.
D. current costs plus cost of ending Work-in-Process Inventory.
Answer: B
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Firms can compete on price if they:
A) focus on market development strategy. B) focus on global raw material sourcing. C) focus on controlling costs. D) focus on merging or acquiring a competitor.
A local family is advertising a 5K run to raise awareness for autism since one of their children suffers from the disorder. Salina likes to run, so she decides to pay the fee to participate in the event. Afterward, she is pleased that she went and felt good about helping out the family. Would this be considered a marketing exchange?
A. yes, because the family had to pay for advertising and therefore was engaged in marketing B. no, because the consumer needs of Salina were not met C. no, because the event involved a service but not a good D. no, because Salina did not receive anything for participating in the event E. yes, because participating in the run was exchanged for Salina's feeling of satisfaction for helping the family
What type of angel is most likely to intervene if the business is not going well?
a. entrepreneur b. professional c. enthusiast d. micromanagement
The indication that ABC owns substantially appreciated inventory is
The ABC Partnership owns the following assets on December 31.
A) the total FMV of all assets except cash is greater than their total basis.
B) the FMV of all assets except land is $90,000 while their bases is $40,000.
C) the FMV of the inventory is $30,000 while its adjusted basis is $20,000.
D) the FMV of the inventory and unrealized receivables is $70,000 while their adjusted bases is $20,000.