The controller for Tires and More, Inc has recorded the following transactions during the month: the purchase of equipment for $8,500 cash; payment of $6,300 for 3 months of rent; and, collection of $2,400 from a customer for services performed. At the beginning of the month the company was established by selling 10,000 shares of stock to the public for $15,000 cash. What is the balance in the
Cash account at the end of the month, and is the balance a debit or a credit?
A) $2,600 debit.
B) $2,600 credit.
C) $6,800 debit.
D) $15,200 debit.
A
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In addition to regular Alka-Seltzer, there is an Alka-Seltzer product for each of the following: cold sufferers, people with upset stomachs, people who can't sleep, people with allergies, and people who have a severe headache
The manufacturer of Alka-Seltzer is using a(n) ________ to reach as many different target markets as possible. A) full line strategy B) downward line stretch C) cannibalization strategy D) undifferentiated strategy E) upward line stretch
A company established a petty cash fund in November of the current year and experienced the following transactions affecting the fund during November:Nov. 1Established a $200 petty cash fund.5Paid $55 to acquire office supplies.8Reimbursed the company controller for $30 spent on beverages for recruits (entertainment expense).18Paid $45 for postage.20Paid $25 for C.O.D. charges on merchandise inventory, terms FOB shipping point.25Paid $40 for janitorial services.28When sorting the petty cash receipts to replenish the fund, the custodian noted that there was $10 cash remaining.Prepare the journal entries to establish the fund on November 1 and to reimburse the fund on November 28.
What will be an ideal response?
A corporation that is selling all of its assets must obtain approval only from its board of directors.
Answer the following statement true (T) or false (F)
A few years ago, tea was a product with relatively little growth and was considered to be a product for the old and the middle-aged. Then tea manufacturers started promoting the health benefits of tea. Since the introduction of the research on how tea provides the body with useful anti-oxidants, tea consumption has increased by more than 25 percent, and it appears its market share will continue to grow, especially among young women in their twenties. This is an illustration of how promotion can:
A. change the importance of beliefs about product attributes B. change beliefs about product attributes C. add new beliefs about product attributes D. reinforce current beliefs about product attributes E. discover consumer needs about product attributes