Cold Stuf,Inc

question 39

Multiple Choice

Cold Stuf,Inc. ,makes snowboards,which it sells to Deep Freeze Sports Store (DFS) .DFS sells Cold Stuf boards to consumers,in?cluding Ed.Ed is in?jured while using the board.In a product liabil?ity suit based on strict li?ability,Ed may recover from

• A)Cold Stuf only.
• B)Cold Stuf or DFS.
• C)DFS only.
• D)no one.

Distinguish between profit centers and cost centers and their evaluations.

Grasp the concept of discretion given to managers of profit centers.

Comprehend the impact of outsourced services on company operations and profits.

Identify the considerations involved in setting transfer prices.

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Definitions:

Outstanding Checks

Checks that have been written and recorded in accounting but not yet cleared or cashed by the bank.

Service Charge

An additional fee added to a customer's bill for the provision of certain services.

Bank Statement Balance

The total amount of money that is available in an individual's bank account at the end of a given period, according to the bank’s records.

Checkbook Balance

The current amount of money recorded in a checking account, according to the account holder's records.