Which one of the following is not a management assertion relevant to long-lived assets?
a. Existence.
b. Completeness.
c. Valuation.
d. Reporting.
d
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Royer Corporation engaged in this transaction: Depreciation on equipment. Assume use of the indirect approach. Indicate which section, if any, the above transaction would appear in, or relate to, on a statement of cash flows
a. Financing activities section b. Operating activities section c. Schedule of noncash investing and financing transactions d. Investing activities section
Ramelson Inc. features photographs of celebrities wearing Ramelson clothes and shoes on its Web site. The company uses these celebrities to promote its products as it believes that celebrities can influence customers' buying decisions. These celebrities serve as _____.
a. opinion leaders b. aspirational reference groups c. nonaspirational reference groups d. decision makers
Average daily demand for a product is normally distributed with a mean of 20 units and a standard deviation of 3 units. Lead time is fixed at 25 days. What reorder point provides for a service level of 95 percent?
What will be an ideal response?
A tech company has developed a case for the iPhone that includes a keyboard that is the same design and lay-out as the Blackberry phone. The product was developed as a result of users missing their Blackberry keyboard when they switched to the iPhone technology. Blackberry has brought suit against the tech company. ?What kind of damages would Blackberry be able to obtain if it could establish
some type of infringement? A) ?Treble damages B) ?An injunction halting the production of the keyboard C) ?Nothing, unless the keyboard is copyrighted D) ?Nothing