The criteria for asset recognition include(s):
a. the firm owns or controls the right to use the item.
b. the right to use the item arises as a result of a past transaction or exchange.
c. the future benefit has a relevant measurement attribute that can be quantified with sufficient reliability.
d. Answers a, b and c are correct.
e. None of these answer choices is correct.
D
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Which of the following is considered an external performance benchmark for a product's performance in the market?
A) sales revenues B) net profits C) return on sales D) relative product quality E) assets as a percentage of sales
The Code does not label the warranty of title as an implied warranty, despite the fact that it arises out of the sale and not from the words or conduct of the parties
a. True b. False Indicate whether the statement is true or false
Tritonic is considering switching from depository transfer checks to using wire transfers for sending funds from its local banks to its bank in Chicago. The cost of the wire transfer is $5.25 more than the cost of depository transfer checks. The change would reduce the total float by 3 days. Tritonic can earn 8.5% on the funds released through the more efficient transfer. If Tritonic has 30 local
banks, what annual sales level would the firm require before the change to wire transfers would be profitable? (Assume there are 250 business days each year.) A) $391,544,118 B) $56,360,294 C) $84,286,029 D) $1,149,750
Jacob determined one of the metrics he would use to gauge the level of exposure his marketing message had with his target market was the number of times the target was exposed to his message throughout the six weeks of the campaign, representing its
A) reach. B) frequency. C) relevance. D) gross rating points. E) return on investment.