Which of the following is a good indicator of management's strong commitment to product quality?
a. Product recalls increased as a percentage of sales
b. Nonconformance costs increased as a percentage of total quality costs
c. Customer service costs reduced by 70 percent over the previous year
d. High costs of conformance to quality
D
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Eastview Company uses a periodic LIFO inventory system, and has the following purchases and sales: January 1150 units were purchased at $9 per unit.January 17120 units were sold.January 20160 units were purchased at $11 per unit.January 29150 units were sold. What is the value of cost of goods sold?
A. $2,750. B. $380. C. $2,730. D. $440. E. $2,670.
The Children's Online Privacy Protection Act prohibits Internet operators from collecting information from children under what age without parental permission?
a. 18 b. 16 c. 13 d. 10
International Financial Reporting Standards (IFRS) is a set of principle-based accounting standards
that were established by the International Accounting Standards Board (IASB). Indicate whether the statement is true or false
On January 3, 2018, Jenkins Corp. acquired 40% of the outstanding common stock of Bolivar Co. for $1,200,000. This acquisition gave Jenkins the ability to exercise significant influence over the investee. The book value of the acquired shares was $950,000. Any excess cost over the underlying book value was assigned to a patent that was undervalued on Bolivar's balance sheet. This patent has a remaining useful life of ten years. For the year ended December 31, 2018, Bolivar reported net income of $312,000 and paid cash dividends of $96,000.Required:Prepare a schedule to show the balance Jenkins should report as its Investment in Bolivar Co. at December 31, 2018.
What will be an ideal response?