Mitchell Enterprises decided to purchase 1,000 shares of Morgan Manufacturing’s common stock because Morgan produces one of the primary raw materials that Mitchell uses in their manufacturing process. Currently, Morgan’s stock is selling for $104 on the New York Stock Exchange. When this information is disclosed on Mitchell’s financial statements, the fair value of the stocks should be considered a fair value measure.

For each of the following users of financial accounting information and managerial accounting information, specify whether the user would primarily use financial accounting information or managerial accounting information or both: 1. sec examiner 2. bookkeeping department 3. division controller 4. external auditor (public accounting firm) 5. loan officer at the company's bank 6. state tax agency auditor 7. board of directors 8. manager of the service department 9. wall street analyst 10. internal auditor 11. potential investors 12, current stockholders 13. reporter from the wall street journal 14. regional division managers

True tomato inc. makes organic ketchup. to promote its products, this firm decided to make bottles in the shape of tomatoes. to accomplish this, true tomato worked with its bottle manufacture to create a set of unique molds for its bottles. which of the following specialized assets does this example demonstrate? (a) site specificity (b) research specificity (c) physical-asset specificity (d) human-asset specificity

What part of the rational model of decision-making does the former business executive “elliott” have a problem completing?