Hasslehoff Inc

question 29

Multiple Choice

Hasslehoff Inc.is a multinational company with divisions around the world.Division A in the United States purchases a part from Division G in Canada.There is no outside market for the part.The part is sold for $12 and normally receives a 20% markup on cost. What is the transfer price using the resale price method?

• A)$9.60
• B)$10.00
• C)$12.00
• D)$14.40

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Definitions:

Delusions of Grandeur

A false belief in one's own superiority, greatness, or power, often found in psychiatric conditions such as bipolar disorder and schizophrenia.

Auditory Hallucinations

A form of hallucination that involves perceiving sounds without auditory stimulus, often experienced as voices speaking to or about the person experiencing them.

Olfactory

Relating to the sense of smell, including the detection and perception of odors.

Visual

Pertaining to the sense of sight and the ability to interpret the surrounding environment through light in the visible spectrum.