Axtell suggests that to be successful in distributor agreements all of the following are necessary except
a. place of jurisdiction.
b. protection of patents and trademarks.
c. responsibility for insurance, freight, and import duty.
d. making a list of questions to discuss.
D
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An installment note is a debt that requires the borrower to make equal periodic payments to the lender for the termof the note
a. True b. False Indicate whether the statement is true or false
The risk-return trade-off implies that the return on a riskless asset must be zero
Indicate whether the statement is true or false
The following information relates to Mega Corporation: * All sales are on account and are budgeted as follows: February, $350,000; March, $360,000; and April, $400,000. Mega collects 70% of its sales in the month of sale and 30% in the following month.* Cost of goods sold averages 60% of sales. Purchases total 65% of the following month's sales and are paid in the month following acquisition.* Cash operating expenses total $60,000 per month and are paid when incurred. Monthly depreciation amounts to $18,000.* Selected amounts taken from the January 31 balance sheet were: accounts receivable, $115,000; plant and equipment (net), $107,000; and retained earnings, $85,000.Required: (NOTE: Ignore income taxes in answering these questions).A. Prepare a budgeted income statement that
summarizes activity for the two months ended March 31, 20x1.B. Compute the amounts that would appear on the March 31 balance sheet for accounts receivable, plant and equipment (net), and retained earnings. What will be an ideal response?
Which of the following statements about marketing audits is true?
A. A marketing audit should be handled by the specialist most familiar with each of the marketing plans in the program. B. A marketing audit should evaluate the company's whole marketing program-not just some parts of it. C. Marketing audits should probably be conducted by someone inside the marketing department who is familiar with the whole program. D. A marketing audit should be conducted only when some crisis arises. E. All these statements are true.