Which of the following is not a method used to determine transfer prices?
A. The balanced scorecard method
B. Negotiation
C. The cost-based method
D. The market-price method
Answer: A
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Which method assigns the cost of the most recent items purchased to cost of goods sold?
a. Specific identification b. Weighted average cost c. FIFO d. LIFO
In 2020, the TransUnion Company had consulting revenues of $1,000,000 while costs were $750,000. In 2021, TransUnion will be introducing a new service that will generate $150,000 in sales revenues and $60,000 in costs. Assuming no changes are expected for the other services, operating profits are expected to increase between 2020 and 2021 by:
A. $150,000. B. $60,000. C. $250,000. D. $90,000.
When Adrian sold a computer network to a Fortune 500 company, he often called on the company's purchasing department to see if employees were satisfied with the network and to see if the company had any need for an upgrade or additional software. This is an example of:
A. transaction selling. B. customer maintenance. C. proactive marketing. D. transformational selling. E. relationship selling.
A customer must pay the bill when it is due with a revolving credit account
Indicate whether the statement is true or false