A mission statement can be?
a. Short/simple
b. Long/detailed
c. Either short/simple or long/detailed
d. Neither short/simple nor long/detailed
c. Either short/simple or long/detailed
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Brad, an engineering consultant, was given stock valued at $3,000 for services rendered. His basis in the stock he received for the services is zero since he received no cash
a. True b. False Indicate whether the statement is true or false
The marketing challenge for the brand manager using a Facebook Page is to post and create content that will generate the best response. This goal can be accomplished by all of the following EXCEPT:
A. learning users' passions. B. letting users guide content. C. posting Instagram videos (ads, b-roll) on the left side of the Facebook Page. D. using familiar imagery and messaging, but adding a twist. E. updating content regularly to keep it fresh.
A company purchased 1,000 shares of treasury stock for $38,000 cash. The shares were initially issued for $24,000 and had a $9,000 par value. Which of the following statements incorrectly describes the effect of the treasury stock purchase?
A. Net income is unchanged. B. Total assets remain the same. C. Earnings per share (EPS) increases. D. Stockholders' equity decreases.
Say that you purchase a house for $150,000 by getting a mortgage for $135,000 and paying a $15,000 down payment. If you get a 15-year mortgage with a 6 percent interest rate, what would the loan balance be in seven years?
A. $74,778.16 B. $79,091.72 C. $86,687.84 D. $84,223.16