Effective promotions are designed to either inform, persuade, or remind the target audience.
Answer the following statement true (T) or false (F)
True
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Which of the following statements regarding the allowance method of accounting for uncollectible receivables is incorrect?
A) Bad debt expense is not estimated. B) The Allowance for Bad Debts is used to hold the pool of "unknown" uncollectible accounts. C) The business does not wait to see which customers will not pay when estimating the allowance for bad debts. D) The allowance method is based on the matching principle.
Working capital measures
a. the excess of current assets over current liabilities—what is on hand to continue business operations. b. the ability to earn a satisfactory income. c. the amount of debt in the company. d. the profitability of the business.
Which of the following is not true regarding a reverse stock split?
a. Firms reduce the number of outstanding shares by increasing the par value of the stock. b. Firms reduce the number of outstanding shares by canceling outstanding shares. c. A reverse stock split usually increases the market value per share in inverse proportion to the reverse split. d. Managers and governing boards might use reverse stock splits to keep the market price per share within some target trading range. e. Analysts use reverse stock splits to signal that the market price per share will go up disproportionately.
Kaeser Corporation's most recent balance sheet appears below:Comparative Balance Sheet Ending BalanceBeginning BalanceAssets: Current assets: Cash and cash equivalents$44 $36 Accounts receivable 54 60 Inventory 32 37 Total current assets 130 133 Property, plant, and equipment 527 460 Less accumulated depreciation 339 289 Net property, plant, and equipment 188 171 Total assets$ 318 $ 304 Liabilities and stockholders' equity: Current liabilities: Accounts payable$46 $41 Accrued liabilities 20 17 Income taxes payable 26 29 Total current liabilities 92 87 Bonds payable 145 180 Total liabilities 237 267 Stockholders' equity: Common stock 31 30
Retained earnings 50 7 Total stockholders' equity 81 37 Total liabilities and stockholders' equity$ 318 $ 304 The company's net income for the year was $52 and it did not sell or retire any property, plant, and equipment during the year. Cash dividends were $9. The net cash provided by (used in) investing activities for the year was: A. ($17) B. $67 C. ($67) D. $17