Which of the following must be disclosed by a geographic segment according to U.S. GAAP?
A. Gross profit.
B. Revenues from internal customers.
C. Total assets.
D. Revenues from external customers.
E. Operating profit or loss.
Answer: D
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Which of the following events could result in § 1250 depreciation recapture?
A. Sale at a loss of a depreciable business building held more than one year. B. Sale at a gain of a business building held more than a year on which straight-line depreciation was taken. C. Sale at a loss of a depreciable business building held for nine months. D. Sale at a gain of depreciable equipment held more than a year on which straight-line depreciation was taken. E. None of these.
Slumber is considering eliminating the pillows product line. If this line is eliminated, Slumber will be able to eliminate $74,000 of total fixed costs. How would this business decision impact operating income?
The income statement for Slumber Company is divided by its two product lines, blankets and pillows, as follows:
A) increase of $74,000 in operating income
B) decrease of $59,000 in operating income
C) increase of $133,000 in operating income
D) increase of $15,000 in operating income
A retailer seeks to study the impact of price on consumers' purchases. The most appropriate technique is _____
a. an experiment b. simulation c. the semantic differential d. observation
Nordstrom, an upscale department store, has a well-known reputation for going the extra mile to serve its customers. This reputation for excellent customer service will most likely result in
A. a sustainable competitive advantage. B. product design excellence. C. producer excellence. D. mission statement satisfaction. E. sustainable price decreases.