When a product or service is new to the market, its pricing should reflect prices of indirect
competitors, not direct competitors.
Indicate whether the statement is true or false
TRUE
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Which of the following files will contain information on manufacturing lead time and lot size?
A) bill of material B) work center master C) item master D) shop order master
The Town of Colonie sent $8,400,000 of real-estate tax bills to its residents on the first day of its fiscal year
It expects to collect the $2,000,000 in each of the four quarters of the year and $200,000 of the remainder within 60 days after the end of the fiscal year. The remaining $100,000 represents uncollectible taxes. All revenue is recorded in the Town's General Fund. a. How would that revenue be recorded on the Colonie's government-wide financial statements? b. How would it be recorded in Colonie's General Fund? c. Are the numbers different? Why?