Concept testing works best with people who are familiar with the new idea and the new product's purpose. This generally includes top management, the sales force, and research and development

Indicate whether the statement is true or false


FALSE

Business

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A contract will be discharged if supervening circumstancesmake it impossible to attain the purpose both parties had in mind when they made the contract

Indicate whether the statement is true or false

Business

In the RST partnership, Ron's capital is $80,000, Stella's is $75,000, and Tiffany's is $50,000. They share income in a 3:2:1 ratio, respectively. Tiffany is retiring from the partnership. Each of the following questions is independent of the others.Refer to the above information. Tiffany is paid $60,000, and no goodwill is recorded. What is the Ron's capital balance after Tiffany withdraws from the partnership?

A. $75,000 B. $74,000 C. $86,000 D. $71,000

Business

Answer the following statement(s) true (T) or false (F)

The null hypothesis can only be tested indirectly.

Business

At the end of 2019, Long Life Light Bulb Corporation announced a gross profit of $1 million. The company has also established that over the course of this year that it has incurred $345,000 in operating expenses and $125,000 in interest expenses. The company is subject to a 21% tax rate and has declared $57,000 of total preferred stock dividends.

(a) Calculate the earnings available for common stockholders? (b) Compute the increased retained earnings for 2019 if the company were to declare a $4.25 common stock dividend. The company has 15,000 shares of common stock outstanding.

Business