Subaru's assembly plant in Indiana is the first "zero landfill" auto plant in the United States
Indicate whether the statement is true or false
TRUE
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Using ________, a company modifies a basic good or service to meet the needs of a specific individual customer
A) undifferentiated targeting B) positioning C) customized marketing D) mass customization E) differentiated targeting
An increase in the ratio of stockholders' equity to liabilities indicates an improvement in the margin of safety for creditors
Indicate whether the statement is true or false
The plantwide overhead rate is determined using volume-related measures.
Answer the following statement true (T) or false (F)
Decorative Concrete produces a concrete overlay for residential and commercial concrete flooring. Customers have complained that one of the products results in excessive cracking. The likelihood the company will incur a loss on this product is probable and the amount of the loss is estimated to be somewhere between $1.5 and $3 million.1. Should this contingent liability be reported, disclosed in a note only, or both? Explain.2. What loss, if any, should Decorative Concrete report in its income statement?3. What liability, if any, should Decorative Concrete report in its balance sheet?4. What entry, if any, should be recorded?
What will be an ideal response?