All of Tim’s friends have the latest high-tech, high-priced smartphone. Tim has had the same flip-phone for 8 years. When his friends tease him about it, Tim says there is no way to keep up with the new versions and updates, so he has no interest in even trying. This indicates that new media is ______.
a. creative
b. always evolving
c. personalized
d. flexible
b. always evolving
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Federal Bank of America has loaned $9,000 to Southgate Animal Hospital, using a 90-day non-interest-bearing note. The bank discounted the note at 8%. The debit to Discount on Notes Payable in the general journal will be in the amount of
a. $9,000.00. b. $8,820.00. c. $180.00 d. $9,180.00.
Which of the following is/are not true regarding a manufacturing firm?
a. A manufacturing firm incurs costs as it produces goods by changing the physical form of raw materials. b. The product costs for a manufacturing firm are the costs incurred in manufacturing goods for sale. c. The costs to produce finished goods inventory for a manufacturing firm do not become expenses until the firm sells the product. d. Prior to sale, the production costs of a a manufacturing firm represent the transformation of assets from one form into another. e. Product costs for a manufacturing firm are treated as period costs during the period that the inventory is finished and ready for sale.
According to your text, positioning assumes that consumers
A. will make up their own minds about a product, regardless of how it is marketed. B. are innovators and will always want the latest and most innovative products. C. will compare goods and services on the basis of benefits. D. will always want to pay the lowest price possible for a product. E. are followers and will only buy products that appeal to their friends as well.
An interest rate or a required rate of return represents the cost of money
Indicate whether the statement is true or false