In ________, a master distributor recruits other people to become distributors. The master distributor sells the company's products to the people she entices to join and receives commissions on all the merchandise sold by the people she recruits
A) multilevel marketing
B) integrated sales
C) disintermediated sales
D) hierarchical sales
E) party plan systems
A
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The core management skill of the twenty-first century is:
a. Conflict management b. Efficiency c. Flattery d. Satisfying everyone e. Crafting persuasive messages
Prime Company acquired 100 percent of the voting common shares of Standard Video Corporation, its bitter rival, by issuing bonds with a par value and fair value of $150,000. Immediately prior to the acquisition, Prime reported total assets of $500,000, liabilities of $280,000, and stockholders' equity of $220,000. At that date, Standard Video reported total assets of $400,000, liabilities of $250,000, and stockholders' equity of $150,000. Included in Standard's liabilities was an account payable to Prime in the amount of $20,000, which Prime included in its accounts receivable.Based on the preceding information, what amount of stockholders' equity was reported in the consolidated balance sheet immediately after acquisition?
A. $350,000 B. $370,000 C. $150,000 D. $220,000
Premiums or discounts on bonds payable issued by enterprise funds should be accounted for in the same manner as those of a comparable business entity.
Answer the following statement true (T) or false (F)
Ibsen Clinic uses client-visits as its measure of activity. During December, the clinic budgeted for 3,300 client-visits, but its actual level of activity was 3,340 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for December:Data used in budgeting: Fixed element per monthVariable element per client-visitRevenue - $40.00 Personnel expenses$32,400 $13.40Medical supplies 1,500 4.80Occupancy expenses 9,100 2.10Administrative expenses 6,700 0.40Total expenses$ 49,700 $ 20.70Actual results for December: Revenue$134,170Personnel expenses$80,776Medical supplies$17,302Occupancy expenses$15,754Administrative expenses$8,296The net operating income in the flexible budget for December would
be closest to: (Round your intermediate calculations to 2 decimal places.) A. $13,990 B. $14,762 C. $12,188 D. $11,898