You spend $5 on materials to make a scarf. You think you have added $10 of value, so you set the price to $15. Nobody buys the scarf at that price, so you lower the price to $12, and someone buys it. What is the value of the scarf?

A) $15

B) $10

C) $12

Cala Manufacturing purchases a large lot on which an old building is located as part of its plans to build a new plant. The negotiated purchase price is $273,000 for the lot plus $168,000 for the old building.

In the "Talking with Little Girls" reading, Lisa Bloom writes about Group of answer choices 1. how important it is to compliment a little girl's appearance. 2. how we should consider sending messages to little girls that we value their brains. 3.

Sears department stores used to plant employees in competitors' stores to perform research and analysis.

The type of cover letter written in response to a posted job opening: a. Networking letter b. Prospecting letter c. Application letter d. Follow up letter

Omni Corporation's accumulated depreciation-equipment account increased by $5,300, while $3,400 of patent amortization was recognized between balance sheet dates. There were no purchases or sales of depreciable or intangible assets during the year.

Sheffield Company buys merchandise on account from Cheyenne Corp ... The selling price of the goods is $850, and the cost of the goods is $500. Both companies use perpetual inventory systems. Journalize the transaction on the books of both companies.

Which of the following is not a disadvantage of a divisional type of organizational structure? A. It can be very expensive compared to a functional organizational structure. B.

If $15,000 is considered to be material to the income statement, but $25,000 is material to the balance sheet, the auditor should set overall materiality at which of the following dollar amounts? a. $20,000 b. $25,000 c. $40,000 d. $15,000

Jerome Industries has inventory days of 48, accounts receivable days of 21, and accounts payable days of 30. What is the length of its cash cycle

Faldo Corp sells on terms that allow customers 45 days to pay for merchandise. Its sales last year were $325,000, and its year-end receivables were $60,000. If its DSO is less than the 45-day credit period, then customers are paying on time.