The average costing method is a costing method in which the cost flow follows the logical product flow

Kevin is on the Board of Directors of a local company and has become concerned with a situation that came to his attention. The Board is in talks to elect the current CEO as Chairman of the Board. Does Kevin have a reason for concern?

a. No, because a single individual as CEO and Chairman of the Board has proven to be very successful in the past. b. Yes, if Kevin knows the CEO and doesn't like his or her personality. c. Yes, as the CEO will not be able to be forced out if his or her performance becomes unacceptable. d. No, because the Board will be sure to elect the best individual to Chairman, regardless of current title.

A coin collector treasures his 1969-S doubled die obverse Lincoln cent because he found it in his pocket change, rather than purchasing it

He can sell it on the open market for $35,000, but would only sell it for at least twice that price, due to its sentimental value to him. It is anticipated that the coin will increase in market value in the foreseeable future. What is the value of the coin? A) $0.01, since he paid nothing to obtain the coin and it has a face value of one cent. B) $35,000, since this is the price that the coin would fetch on the open market. C) At least $35,000, since he could replace the coin for $35,000, but the coin he owns has additional intangible value due to its sentimental value. D) At least $35,000, since the value of the coin will increase in the future.