Briefly explain a "big bath" including when it occurs and why it occurs
Companies sometimes take all possible losses, such as a write-down of assets and restructuring costs, in the current year so that future years will be "clean" of these costs. Such "big baths " commonly occur when a company is having a bad year. They also often occur in years when there is a change in management. The new management takes a "big bath" in the current year so it can show improved results in future years. These write-down and losses are often an indication of poor management decisions in the past, such as paying too much for the assets of another company or making operational changes that do not work out.
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Direct mail and e-mail are two tools commonly used for direct-response promotion.
Answer the following statement true (T) or false (F)
Strategic power used in the coalition-formation process
A. derives from what parties consider a fair or just distribution of the outcomes and results of a coalition. B. emerges from the availability of alternative coalition partners. C. is dependent on which party's arguments ultimately shape the allocation rule used by the group. D. is shaped by the compatibility of preferences between two or more parties.
When individuals invest property in a partnership, the property becomes an asset of the partnership and is owned jointly by the partners
Indicate whether the statement is true or false
A bank reconciliation should be prepared periodically because
A) the company's records and the bank's records are in agreement B) the bank has not recorded all of its transactions C) any differences between the company's records and the bank's records should be determined, and any errors made by either party should be discovered and corrected D) the bank must make sure that its records are correct