The requirement that transactions be recorded at their exchange price at the transaction date is called the:
A. cost principle.
B. monetary unit assumption.
C. separate entity assumption.
D. conservatism exception.
Answer: A
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Frocks and Gowns, Incorporated, has two divisions, Day Wear and Night Wear. The Day Wear Division has an investment base of $750,000 and produces and sells 100,000 units of Collars at a market price of $10.00 per unit. Variable costs for the Collars total $3.50 per unit and fixed charges are $4.00 per unit (based on a capacity of 120,000 units). The Night Wear Division wants to purchase 25,000 units of Collars from the Day Wear Division. However, the Night Wear Division is only willing to pay $6.75 per unit.What is the contribution margin for the Day Wear Division if it transfers 25,000 units to the Night Wear Division at $6.75 per unit?
A. $650,000. B. $698,750. C. $675,000. D. $250,000.
Equal dignity rule says that agents' contracts to sell property covered by the Statute of Frauds must be in writing to be enforceable
Indicate whether the statement is true or false
Before opening his new bakery, Carlos has received numerical ratings for each of his products from family and friends he has enlisted as tasters. Now Carlos is adding up the ratings for each variety. What step in the scientific process of experimentation is Carlos engaged in?
a. asking lots of questions, b. carrying out background research, c. developing hypotheses, d. analyzing the data
The Aston researchers identified five variables drawn from Max Weber’s initial list of fifteen: __________ refers to the extent to which the organization’s range of actions and procedures are covered by formal policies and agreements.
a. Formalization b. Centralization c. Configuration d. Specialization