According to the doctrine of ademption, the lineal descendants inherit by representation of their parent
Indicate whether the statement is true or false
FALSE
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What is meant by the term “functional currency”?
a. The functional currency is the currency of the parent corporation. b. The functional currency is the currency of the country in which the foreign subsidiary is located. c. The functional currency is the currency of the parent’s primary economic environment where cash is primarily received and spent. d. The functional currency is the currency of the subsidiary’s primary economic environment where cash is primarily received and spent.
At the breakeven point, contribution margin equals revenue
Indicate whether the statement is true or false
Sara Newman, CEO of Newman Enterprises, needs to send a bad-news memo to her immediate staff postponing the payment of their bonus for three months. Please answer the questions below. Sara ends her memo by ____.
A. thanking the staff for their efforts B. reminding the staff of how their actions contributed to lower company sales and the delay in the bonus checks C. both a. and b. D. neither a. nor b.
Relying on executive judgment for forecasting may be adequate when
A. levels of marketing efforts put forth by competitors vary considerably. B. recent events give the executive specific impressions of product demand. C. product demand is erratic. D. the executive conducts surveys. E. the executive has considerable experience and product demand is relatively stable.