When a manufacturer offers a special promotion on its products to other companies for their consumption and not for resale, it is a:

As a result of a physical inventory, Horace Company determined that it had inventory worth $320,000 at December 31, 2015. This count did not take into consideration the following facts: Bretton Consignment currently has goods worth $47,000 on its sales floor that belong to Horace but are being sold on consignment by Bretton. The selling price of these goods is $75,000. Horace purchased $22,000 of goods that were shipped on December 27, FOB Destination, that will be received by Horace on January 3. Determine the correct amount of inventory that Horace should report.

A. $367,000 B. $340,000 C. $320,000 D. $387,000

Which of the following would be categorized as a sudden crisis if faced by an electronics firm?

A) mismanagement in the finance department B) conflict among union and non-union workers C) a fire destroying the main manufacturing facility D) drastic decline in consumer demand for products E) numerous blogs posted by unhappy customers