An example of a culture-based error in marketing is when a company tried to sell ________________ in Southeast Asia where people chew betel nut.
Fill in the blank(s) with the appropriate word(s).
whitening toothpaste
Pepsodent made this error. People who think black, betel nut juice-stained teeth are beautiful don't have a need for whitening toothpaste.
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When computing the rate earned on total common stockholders' equity, preferred stock dividends are subtracted from net income
a. True b. False Indicate whether the statement is true or false
Which of the following results from out-of-control con?icts?
A) team building B) problem solving C) increased productivity D) damaged relationships
Statement of Financial Accounting Standards No. 160, "Noncontrolling Interests in Consolidated Financial Statements: An Amendment of ARB No. 51", requires that the amount of equity interest provided by outside shareholders of subsidiaries that are not 100 %-owned by the parent company requires this amount be shown as
a. noncontrolling interest in the liabilities section of the balance sheet. b. minority interest in the "mezzanine" section of the balance sheet between liabilities and owners' equity. c. noncontrolling interest in the equity section of the balance sheet. d. minority interest in the equity section of the balance sheet.
Felix Sales, Inc offers warranties on all its electronic goods
Warranty expense is estimated at 3.5% of sales revenue. In 2017, Felix had sales of $333,000. In the same year, Felix replaced defective goods with merchandise inventory costing $8,750. Prepare the journal entry to record the warranty expense. What will be an ideal response