A marketer of exclusive products would be most likely to use ________ marketing
A) mass
B) undifferentiated
C) differentiated
D) niche
E) universal
D
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The accounts receivable turnover ratio for a merchandiser is 9.7 times. Calculate the days' sales in receivables for the merchandiser. (Use 365 days in calculations as needed. Round your answer to the nearest day.)
A) 34 days B) 38 days C) 29 days D) 41 days
The easiest type of person to sell a product to is a buyer who is at the unconscious need level.
Answer the following statement true (T) or false (F)
Nancy O'Rode, doing business as O'Rode Consulting, performs consulting services for companies that create online learning games for children. On January 1, 2018, she started a sole proprietorship by placing $15,000 cash in a bank account opened for the business. Each month during the year, O'Rode withdrew $500 cash from the business for personal use. At December 31, 2018, after the last withdrawal, the Drawings account reflected a debit balance of $6,000. During the year, the usual journal entries for the year, including adjusting and closing entries for the revenue and expense accounts, resulted in total revenue of $60,000, total expenses of $12,000, and net income of $48,000. (For purposes of the related journal entry, use the accounts "Consulting Revenue" and "Operating Expenses.")Part
a.Prepare the journal entry to record the initial capital contribution.Part b.Prepare the journal entry to record one of the monthly withdrawals.Part c.Prepare the journal entry to close the net income to the N. O'Rode, Capital account.Part d.Prepare the journal entry to close the N. O'Rode, Drawings accounts at the end of the year.Part e.Prepare a Statement of Owner's Equity for the year ending December 31, 2018. What will be an ideal response?
Which one of these statements is correct?
A) Pretax income is equal to net income minus taxes. B) The addition to retained earnings is equal to net income plus dividends. C) Operating income is equal to operating revenue minus cost of goods sold. D) Only current taxes are included in the tax expense. E) Earnings per share can be negative but dividends per share cannot.