Which of the following models is associated with Level 3 in the FASB hierarchy for ascertaining fair value?
a. Mark to market model.
b. Replacement model.
c. Mark to model.
d. Historical cost model.
c
You might also like to view...
Describe the three types of state statutes representing the modern regulation of close corporations.
What will be an ideal response?
Lexi is a salesperson in the sales division of Hewlett-Packard. Today Lexi is focused on researching a list of potential sales leads. Lexi wants to look at these sales leads and determine how likely they are to buy from the company, the type of products they will likely need, and whether they have a sales history with the firm. Lexi also wants to determine who the key decisions makers are in the buying decision-making process at these sales leads so she can identify who will have the most influence. In the process of her research, Lexi makes extensive use of the firm's CRM system to forecast sales and manage leads. Lexi is most likely at which stage of the personal selling process?
A. Prospecting B. Preapproach C. Approach D. Making the presentation E. Following up
Use the information below to determine the sales revenue, cost of goods sold and gross profit that would be reported for the company related to the March 16 sale assuming the company uses LIFO inventory valuation and a perpetual inventory system. January 1:Purchased 100 units at $10 per unit.February 5:Purchased 60 units at $12 per unit.March 16:Sold 40 units for $16 per unit.
What will be an ideal response?
A product tree shows:
A) the subassemblies used in making the product. B) the sequence in which parts go together. C) the parts that go into making a product. D) all of the above E) none of the above