Color can be used by retailers to create a mood or focus customer attention on a particular product.
Answer the following statement true (T) or false (F)
True
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Which of the following is generally included in a sales budget?
A. Schedule of cash payments for inventory purchases B. Schedule of cash receipts for the projected sales C. Desired ending inventory D. Budgeted cost of goods sold
______ occurs when the norm for group consensus overrides the motivation to realistically appraise alternative courses of action.
A. Synergy B. Groupthink C. Focus D. Sugar loafing
Good marketing strategy planners know that
A. transporting is vital for mass distribution and modern urban life. B. transporting costs may limit a marketing manager's possible target markets. C. the transporting costs for some bulky or low-value products may be greater than their manufacturing costs. D. the cost of shipping some "high-value" products to users is less than 5 percent of their selling price. E. All these answers are correct.
Exhibit 19-02The Sophia Company adopted a defined benefit pension plan on January 1, 2015, and prior service credit was granted to employees. The present value of those benefits was calculated to be $1,245,300 at that date. The service cost is funded in full at the end of each year, plus an additional amount of $225,000 is funded each year-end. The unrecognized prior service cost is being amortized by the straight-line method over the remaining 10-year service life of the company's active employees. Additional information relating to the company's pension plan is presented below:
2015 2016 Service cost (annual)$ 105,000 $125,000 Unrecognized prior service cost amortization124,530 124,530 Interest cost10% 10% Expected (and actual) return on plan assets10% 10% Refer to Exhibit 19-02. What is the pension expense for 2015? A. $105,000 B. $229,530 C. $315,000 D. $354,060