Products often go through channel intermediaries such as _____ and _____.
A. advertisers; testers
B. suppliers; strategic partners
C. distributors; retailers
D. opinion leaders; developers
E. customers; competitors
Answer: C
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Gyro's Shop reported a net loss of $15,000 and total expenses of $80,000 . How much are total revenues?
a. $ 15,000 b. $ 65,000 c. $ 95,000 d. The answer cannot be determined from the information given.
Havermill Co. establishes a $250 petty cash fund on September 1. On September 30, the fund is replenished. The accumulated receipts on that date represent $73 for Office Supplies, $137 for merchandise inventory, and $22 for miscellaneous expenses. The fund has a balance of $18. On October 1, the accountant determines that the fund should be increased by $50. The journal entry to record the increase in the fund balance on October 1 is:
A. Debit Petty Cash $50; credit Cash $50. B. Debit Petty Cash $50; credit Accounts Payable $50. C. Debit Miscellaneous Expense $50; credit Cash $50. D. Debit Petty Cash $300; credit Cash $300. E. Debit Cash $50; credit Petty Cash $50.
A product liability action based on negligence requires the injured plaintiff and the negligent defendant-manufacturer to be in privity of contract.
Answer the following statement true (T) or false (F)
Two different individuals or companies can go to the same bank and request exactly the same amount of funding for their projects and yet can be required to pay different costs for their funds
Why? Can we find a parallel situation in the bond and equity markets? Explain. What will be an ideal response?