A marketing return on investment of 150 percent means that for every dollar invested in marketing and sales expenses, the company is realizing $1.50 in marketing profits
Indicate whether the statement is true or false
TRUE
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When is revenue from the sale of merchandise normally recognized?
a. On the date the sale is made. b. When the customer pays for the merchandise. c. Either on the date on which the sale occurs, or the date on which the customer pays d. When the merchandise is sold, if sold for cash, or when payment is received, if sold on credit
Organizations customize their balanced scorecards according to their
A. earnings. B. research on what drives employee motivation. C. profits, benefits, and incentives. D. objectives as set by the organization's CEO and board of directors. E. markets, products, and objectives.
Give an account of experimental research
What will be an ideal response?
The balance sheet contains the major sections (a-k) listed below. A listing of account titles (1-12) follows.
a.Current assetsg.Long-term liabilitiesb.Long-term investmentsh.Other liabilitiesc.Property, plant, and equipmenti.Contributed capitald.Intangible assetsj.Retained earningse.Other assetsk.Accumulated other comprehensivef.Current liabilities income? ____1. Work in process inventory ____2. Trademarks ____3. Sales ____4. Cash surrender value of life insurance policy ____5. Additional paid-in capital on common stock ____6. Deferred tax assets ____7. Accumulated depreciation ____8. Unrealized decrease in value in available for sale securities ____9. Allowance for uncollectible accounts receivable ____10. Interest payable ____11. Sinking fund for preferred stock retirement ____12. Bonds Payable (due in 10 years) ____13.Leased machinery under a capital lease ____ 14. Cost of goods sold? Required:Using the letters (a-k), indicate in which section of the balance sheet each of the accounts (1-14) would be classified. Put parentheses around the letter used if it represents a contra account. If the account does not appear on the balance sheet, place an "X" in the space provided. What will be an ideal response?