What are market development funds?
What will be an ideal response?
Market development funds are payments given by manufacturers to distribution channel members to market the
manufacturer's brand, generally as part of a specific plan ratified by the channel members and the manufacturer.
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You are finishing the prototype that was planned as a risk mitigation stratgy when you find out the benefit cost ratio (BCR) has improved and the project cost perfromance index (CPI) is 1.03. The standard deviation of the project time estimate has decreased and you discover the prototype, already almost finished, can fulfill the needs to another project requirement as well. What should you do FIRST?
A. Look for the risk impacts of fulfilling another requirement with the prototype. B. Compress the project to get it completed faster using the prototype. C. Look for ways to help get the prototype accepted faster and thus cut cost. D. Review the benefits of the project with the customer and determine if the prototype will improve the benefits.
If a company is utilizing LIFO inventory costing, what might be the effect on the calculation of Cost of Goods sold in an interim financial statement?
a. cost of goods sold is calculated on a historical cost basis only b. the interim cost of goods sold includes the replacement cost of temporarily liquidated inventory c. cost of goods sold is not adjusted for any changes due to liquidation of LIFO inventory d. any of the effects of liquidation are deferred until year end