The fair value of an investment is the price that ________.
A) existed at the time of acquisition
B) would be received if the company were to sell the investment on the market
C) is always equal to the weighted average cost of the investment
D) is not relevant for trading debt investments
B) would be received if the company were to sell the investment on the market
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One of the primary activities of Perez, Inc. is to purchase hats from Toppers, Inc. in Texas and sell them to its customers in New York for a profit. It is likely that Toppers is a ________.
A) manufacturing company B) hybrid company C) service company D) merchandising company
Charlie beat his deadline three times this month. Kara, his supervisor, puts a note in his file so she will remember his efforts during his performance evaluation later this year. Kara’s note represents a ________________.
A. critical incident B. complaint C. formal charge D. promotion E. performance appraisal
Jeremy Consulting received $3,000 from a customer for services provided. Jeremy's general journal entry to record this transaction will be:
A. Debit Cash, credit Accounts Payable. B. Debit Cash, credit Services Revenue. C. Debit Cash, credit Accounts Receivable. D. Debit Accounts Payable, credit Services Revenue. E. Debit Services Revenue, credit Accounts Receivable.
Which of the following statements is true?
A) Stockouts can occur at any time in the inventory cycle. B) Stockouts do not depend on the frequency of reorder. C) The cost of a stockout will vary depending on the market served, the customer, and competition. D) Stockouts do not cost money because customers are willing to wait. E) All of the above statements are true.