Many companies assign only the net invoice price for merchandise to inventory and cost of goods sold. All other costs, including transportation and other costs of bringing merchandise to the place of business, are charged to expense of the period in which they are incurred. Which accounting principle or concept is applied in this example?
a. Historical cost
b. Conservatism
c. Matching
d. Cost/Benefit
d
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According to the Model of Interaction Stages, during which stage of coming together do partners express a deep commitment to each other publicly to the rest of the world?
a. initiating b. experimenting c. intensifying d. bonding
Negotiators high in extraversion and agreeableness were likely to do worse as they were more susceptible to the trap of ________, which occurs when one party's extreme early offer biases the other party's view of the underlying structure of the situation.
Fill in the blank(s) with the appropriate word(s).
Ramon Ramos has withdrawn $750 from Ramos Repair Company's cash account to deposit in his personal account. How does this transaction affect Ramos Repair Company's accounting equation?
A) Increase Assets (Accounts Receivable) and decrease Assets (Cash) B) Decrease Assets (Cash) and decrease Owner's Equity (Owner's Withdrawal) C) Decrease Assets (Cash) and decrease Liabilities (Accounts Payable) D) Increase Assets (Cash) and decrease Owner's Equity (Owner's Withdrawal)
Table 10-3 presents an integer programming problem. If the optimal solution is used, then only two of the alternatives would be selected. How much slack would there be in the third constraint?
A) 1000 B) 5000 C) 3300 D) 8000 E) None of the above