When an organization buys raw materials that are reprocessed and sold as finished goods, or if it buys a good it will then sell, then it is considered to be ______.

an end consumer
an organizational buyer
a production buyer
a reseller

an organizational buyer

Business

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Inspections performed by the PCAOB focus on quality control of registered CPA firs that perform audits of public companies (issuers). As required by the Sarbanes-Oxley Act, inspections determine all of the following except that

a. The lead partner of a client is rotated every 5 years b. A second partner review is performed c. Independence is maintained by audit staff d. Only staff with prior experience work on audits

Business

When the impact of taxes is considered, as the firm takes on more debt

A) there will be no change in total cash flows. B) both taxes and total cash flow to stockholders and bondholders will decrease. C) cash flows will increase because taxes will decrease. D) the weighted average cost of capital will increase.

Business