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After getting advice from the company mechanic on how to get better gas mileage,the owner of Lincoln Cab Company decided to have the mechanic install Cherry Bomb glasspack mufflers in all of his cabs to increase the cars' fuel efficiency.In terms of the buying centre,what did the mechanic fill the role of?
Intra-entity Inventory
Inventory transactions occurring between divisions or subsidiaries within the same parent company, which may need elimination during consolidation.
Goodwill
The excess of the purchase price of a business over the fair market value of its identifiable assets and liabilities, recognized as an intangible asset on the balance sheet.
Equity Method
An accounting technique used to record an investor's proportional share of an associate company's net income or loss on its financial statements.
Purchase Price
The total cost that is paid to acquire an asset or service, often including additional fees and taxes beyond the sticker price.
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