In countries with high levels of economic development, low incomes limit the range of
promotional tools available. In such countries, free samples and demonstrations are more likely to be used than coupons or on-pack premiums.
Indicate whether the statement is true or false
FALSE
You might also like to view...
Which of the following accounting principles prescribes that a company record its expenses incurred to generate the revenue reported?
A. Going-concern assumption. B. Consideration assumption. C. Expense recognition (Matching) principle. D. Business entity assumption. E. Measurement (Cost) principle.
Marcye Co manufactures office furniture. During the most productive month of the year, 3,500 desks were manufactured at a total cost of $84,400. In its slowest month, the company made 1,100 desks at a cost of $46,000. Using the high-low method of cost estimation, total fixed costs are:
A) $56,000 B) $28,400 C) $17,600 D) cannot be determined from the data given
Noncash exchanges would be reported:
a. as a journal entry recorded in the financial statements. b. as a supplementary schedule attached to the statement of cash flows. c. as a part of the statement of cash flows in the relevant section. d. these transactions would not be reported. e. None of the answers are correct.
Refer to the following selected financial information from Texas Electronics. Compute the company's days' sales uncollected for Year 2. (Use 365 days a year.) Year 2 Year 1Cash$37,500 $36,850 Short-term investments 90,000 90,000 Accounts receivable, net 85,500 86,250 Merchandise inventory 121,000 117,000 Prepaid expenses 12,100 13,500 Plant assets 388,000 392,000 Accounts payable 113,400 111,750 Net sales 711,000 706,000 Cost of goods sold 390,000 385,500
A. 46.2. B. 43.9. C. 42.3. D. 80.0. E. 113.3.