On February 12, Oceans Company purchased a tract of land as a factory site for $190,000 . An existing building on the property was razed and construction was begun on a new factory building in March of the same year. Additional data are available as follows: Cost of razing old building .......................... $ 55,000 Title insurance and legal fees to purchase land ...... 7,500 Architect's
fees ..................................... 52,500 New building construction cost ....................... 975,000 The recorded cost of the completed factory building should be
a. $1,165,000
b. $1,220,000
c. $1,027,500
d. $1,082,500
C
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Some theorists have proposed a model that focuses on studying consumer goals as a way to explore attitude formation. According to this model, what consumers believe they have to do to attain their goals would also be part of any evaluation of attitudes. Which of the following theories would be most closely linked to the statements above?
A) theory of reasoned action B) theory of trying C) theory of direct response D) rejection theory
An understatement of reported net income for the current year may result from
A) an understatement of beginning inventory in the previous period. B) an overstatement of ending inventory in the current period. C) failure to record accrued payroll liabilities. D) failure to record accrued interest revenue.
______________ is the process of creating or changing the structure of an organization to integrate people, information, and technology.
a. Organizational intelligence b. Organizational change c. Organizational structure d. Organizational design
________ identifies the difference between the planned production/inventories and the actual values
A) Supplier reliability B) Forecast error C) Variance from plan D) Supply quality