Trade credit is primarily used by retailers to finance inventory.
Answer the following statement true (T) or false (F)
True
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The first step in the marketing research process is to ________
A) determine how data will be collected B) select samples C) clearly understand the information needed by managers D) set the mission statement for the research E) determine a research design
The costs of bringing a corporation into existence, including legal fees, promoter fees, and amounts paid to obtain a charter are called:
A. Stock subscriptions. B. Prepaid fees. C. Selling expenses. D. Minimum legal capital. E. Organization expenses.
An activity that substantially and unreasonably interferes with the use and enjoyment of someone's land is a(n):
a. conversion b. private nuisance c. final nuisance d. unreasonable nuisance e. property nuisance
The Juarez Corporation incurred the following transactions during its first year of operations. (Assume all transactions involve cash).1) Acquired $1,000 of capital from the owners. 2) Purchased $400 of direct raw materials. 3) Used $300 of these direct raw materials in the production process. 4) Paid production workers $400 cash. 5) Paid $200 for manufacturing overhead (applied and actual overhead are the same). 6) Started and completed 200 units of inventory. 7) Sold 50 units at a price of $6 each. 8) Paid $40 for selling and administrative expenses. The amount of cost of goods manufactured would be:
A. $800. B. $1,000. C. $900. D. $600.