Match the term with its definition.
A. A verbal and/or symbolic means of identifying a product
B. The overall perception of a brand
C. A brand that can be spoken
D. A brand that cannot be spoken
E. Registered protection for the appearance of a product and its inseparable parts
F. A distribution system without intermediaries
G. A distribution system with one or more intermediaries
H.
I. A legal term indicating that a company has the exclusive right to use a brand to identify a service
J. Elements of a firm's distinctive image not protected by a trademark, patent, or copyright
K. A legal trerm indicating that a firm has exclusive rights to use a brand to promote a product
L. Registered protection for a new or improved process, machine, or product
A. Brand
B. Brand image
C. Brand name
D. Brandmark
E. Design patent
F. Direct channel
G. Indirect channel
H. Patent
I. Service mark
J. Trade dress
K. Trademark
L. Utility patent
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Proctor Inc has a weekly payroll of $8,000 for a 5-day workweek, Monday through Friday. If December 31, the last day of the accounting year, falls on Wednesday, Proctor would make an adjusting entry that would
a. increase wages expense $4,800. b. decrease wages payable $4,800. c. decrease cash $4,800. d. increase wages payable $8,000.
Lenders of secured short-term funds prefer collateral ________
A) as it reduces the risk of default B) that are liquid assets C) to reduce the losses if the borrower defaults D) so that they can charge a higher interest rate
The process of acquiring an enterprise anywhere in the world has three common elements EXCEPT:
A) identification and valuation of the target B) execution of the acquisition offer and purchase—the tender C) management of the post-acquisition transition D) All of the above are common elements in acquiring an enterprise anywhere in the world.
All American Storage Corporation sold merchandise with credit terms of 2/10, n/30, for $100,000 to a customer on January 1, 2019. Nine months later, on October 1, 2019 the company accepted a 12%, 6-month note receivable in settlement of the account. The customer paid the maturity value of the note on the due date.Prepare the following journal entries: A) Record the sale of merchandise on January 1, 2019. B)Record the receipt of the note receivable on October 1, 2019. C) Record the adjusting entry to accrue interest on December 31, 2019. D)What is the due date of the note? E) Record the collection of the note on the due date.
What will be an ideal response?