After the need has been determined, the next step in the buying sequence is ________ for the product or service needed
A) determining the characteristics
B) establishing specifications
C) searching for and qualifying potential suppliers
D) requesting proposals from qualified suppliers
A
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If a company must pay more for the amounts provided by creditors and preferred stockholders than it can earn overall, as indicated by the return on assets, there will be favorable leverage
a. True b. False Indicate whether the statement is true or false
The wash sale provisions apply to which of the following? I.Jim bought 500 additional shares of Alfa Gamma stock for $4,000 on December 2. Jim owned a total of 2,500 shares of Alfa Gamma stock after that purchase. On December 26, 2020, Jim realizes a loss of $1,500 on the sale of 250 shares of Alfa Gamma stock.II.Calvin realizes an $8,000 loss on December 29, 2020, on the sale of Sloan corporate bonds. Each bond has a face value of $1,000. He replaces the Sloan corporate bonds with the same number of Jackson corporate bonds, each with a face value of $1,000 on January 16, 2021. The Jackson corporate bonds have a different interest rate and maturity date than the Sloan bonds but have the same bond rating (AAA).?
A. Only statement I is correct. B. Only statement II is correct. C. Both statements are correct. D. None of the statements are correct.
A bankrupt person's estate is administered by the ________.
A. trustee B. bankruptcy court C. creditors' committee D. creditors
The term incremental cost refers to
A) the difference in total costs between alternatives. B) a cost that does not entail any dollar outlay but that is relevant to the decision-making process. C) the profit forgone by selecting one choice instead of another. D) a cost that constitutes expenses to be incurred even though there is no activity.