If 75% of consumers are aware of Ace Motors' newly launched line of hybrid cars called the Opus, and 45% of that group likes the product's benefit, and 44% of that group finds the price acceptable, and 51% of that group intends to buy the product in
their local market, and 75% of that group actually purchase the product from Ace Motors and its dealers, then the market share index for the Opus is ________.
A) 1.2%
B) 3.6%
C) 5.7%
D) 7.5%
E) 12.9%
C
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When a company sells a long-lived asset, stockholders' equity will change by the:
A. difference between the sales price and the asset's book value. B. amount of the sale. C. amount of the asset's book value. D. amount of the asset's Accumulated Depreciation.
Blenham, Inc sells merchandise on credit. If a customer pays its balance due within the discount period, what is the effect of the payment on Blenham's accounting equation?
a. Assets and stockholders' equity decrease. b. Assets and stockholders' equity increase. c. Assets decrease and liabilities increase. d. Stockholders' equity decreases and liabilities increase.
The type of buyer-supplier relationship in which buyers and sellers make many relationship-specific adaptations, but without necessarily achieving strong trust or cooperation is termed as ________
A) customer is king B) mutually adaptive C) collaborative D) contractual transaction E) customer supply
On January 1, 2016, the Pruett Company signed a six-month, non-interest-bearing note payable for $170,000 and received $162,800 from Your Neighborhood Bank. On January 31, 2016, what amount should Pruett record for interest expense, and what is the net carrying value of the note?
A) $1,200; $161,600 B) $0; $170,000 C) $7,200; $170,000 D) $1,200; $164,000