Ravenshaw Corp. assigns its sales and marketing people to specific countries, regions, and districts. Ravenshaw Corp. is most likely an example of a ________
A) geographic organization
B) product organization
C) functional organization
D) niche marketer
E) mass marketer
A
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Mendes Company sells merchandise to customers. Mendes should normally recognize
a. Revenue and the related expenses in the same accounting period as earned whether payment is received or not b. Revenue when the cash is collected and the expenses when Mendes pays its creditor for the merchandise c. Revenue and expenses after all payments are collected d. Expenses in the period the merchandise is sold and defer revenue until the customer pays for the merchandise
Which one of the following is an example of an internal risk for an organization?
a. Changes in internal information technology. b. Increases in substitute services or products. c. Changes in the reliability of source goods. d. Changes in regulation that make the business model unsustainable.
U.S. GAAP requires firms holding debt and equity securities as securities available-for-sale to treat unrealized holding gains or losses each period as
a. an increase or decrease in Accumulated Other Comprehensive Income (a separate shareholder equity account). b. as an increase or decrease in reported Net Income for the period. c. as an increase or decrease in reported Retained Earnings for the period. d. a separate footnote disclosure to the financial statements. e. none of the above
The income statement shows:
A) how much profit the company has earned since it began operations. B) net income equal to the amount of cash on the balance sheet. C) a summary of the results of operations for a period of time. D) the liquidity of the company on an annual basis