To evaluate the performance of individual departments, interdepartmental transfers of a product should preferably be made at prices
a. equal to the market price of the product.
b. set by the receiving department.
c. equal to fully-allocated costs of the producing department.
d. equal to variable costs to the producing department.
A
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If an asset is being sold or exchanged, the gain or loss is always computed by comparing the
a. market value and book value. b. market value and salvage value. c. book value and salvage value. d. market value and cost.
A U.S. court of appeals is empowered to:
A. hear cases that have been appealed from Supreme Court decisions. B. review legal conclusions reached by lower federal courts. C. take the final responsibility for interpretation of the Constitution and federal statutes. D. take up appeals only from other districts.
The accounts receivable turnover ratio for a merchandiser is 9.7 times. Calculate the days' sales in receivables for the merchandiser. (Use 365 days in calculations as needed. Round your answer to the nearest day.)
A) 34 days B) 38 days C) 29 days D) 41 days
A buyer with a ________ response to a purchase has reached the baseline level of satisfaction
A) negative B) defective C) positive D) delighted E) neutral