Comfort Shoes received a promissory note from a customer on April 1, 2016 . The face amount of the note is $2,000; the terms are 12 months and 8% annual interest. At the maturity date, the customer pays for the note and interest. Comfort Shoes made the proper adjustment at the end of December for interest. The effect of recognizing the transaction on the maturity date is
a. A decrease to Cash
b. An increase to Notes Receivable
c. An increase to Discount on Notes Receivable
d. A decrease to Notes Receivable
d
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FRI Phones Inc. always used the services of ad agency West, Smith, & Wiley to create advertising campaigns for its products. When a major competitor outsourced its promotional campaign to West, Smith, & Wiley, FRI Phones revoked its contract with the ad agency. Which of the following is most likely the reason for FRI Phones Inc.'s decision?
A. The Federal Trade Commission (FTC) prohibits two competing companies from using the services of the same ad agency. B. When an agency works for two competing clients, the quality of work is believed to decrease due to lack of personal attention. C. When customers realize that two competing companies use the services of the same ad agency, they will fail to differentiate the companies' products. D. Ad agencies are permitted to handle only one account at any given time. E. Ad agencies often have access to their client's confidential information, increasing the chances of sharing such information with competitors.
Answer the following statements true (T) or false (F)
1. In the Model of Interaction Stages, there are five stages of coming together: initiating, experimenting, intensifying, integrating, and bonding 2. In the Model of Interaction Stages, the intensifying stage includes public ceremonies like weddings. 3. One problem with linear models is the extreme diversity in their research subjects. 4. Social networking sites may encourage hyperpersonal communication. 5. When turning points occur in a relationship, it is not the events themselves that change relationships but our interpretation of the events.
Which of the following is true due primarily to the inseparability of services?
A) Customers have to rely on reassuring physical cues that indicate quality service. B) Service businesses cannot promise the same experience with every service encounter. C) A service is produced and consumed at the same time. D) It is impossible for service businesses to exactly match supply with demand. E) It is difficult for service businesses to live up to guarantees.
The local Advance Auto Parts retailer agreed to advertise during the live broadcast of a local parade. Due to equipment problems, the parade was not televised, and the station showed an old episode of 7th Heaven instead. Because of its advertising agreement with the network, Advance Auto Parts would most likely receive a(n) ________ to compensate for the lower ratings than expected.
A. do-over B. makegood C. audience compensation D. preemption notice E. affidavit of nonperformance