In many cases, evaluation tools consumers use to aid their purchase decisions come from the providers of the products themselves
Indicate whether the statement is true or false
TRUE
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Ramirez Stores purchased a trademark at the beginning of 2013 for $340,000 . Economic benefits were expected for 10 years, but the trademark's legal life was 20 years. Also, during 2013, Ramirez incurred research and development costs of $200,000 . The book value of the trademarks at December 31, 2013, is
a. $506,000 b. $306,000 c. $323,000 d. $486,000
The cost of capital is defined as the
a. simple average of the interest rates of all debt outstanding. b. simple average of the cost of debt and equity. c. weighted average of the interest rates of all debt outstanding. d. weighted average of the cost of debt and equity.
A job order cost sheet contains the cost of direct material and direct labor charged to a particular job but does not show overhead
Indicate whether the statement is true or false
Graystone Company's plant operates five days per week with a daily payroll of $100,000. Employees are paid every Tuesday for the prior week's work (Monday through Friday). The last day of the month is Tuesday, April 30. What effect does the accrual at April 30 have on Graystone's net income?
A) Increase by $200,000 B) Decrease by $300,000 C) Decrease by $200,000 D) Increase by $300,000