A short definition of marketing is "meeting needs profitably."
Indicate whether the statement is true or false
TRUE
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A check drawn by a company for $360 in payment of a liability was recorded in the journal as $630 . This item would be included on the bank reconciliation as a(n)
a. addition to the balance per the company's records b. addition to the balance per the bank statement c. deduction from the balance per the bank statement d. deduction from the balance per the company's records
Which of the following budgets probably would be prepared immediately after the preparation of the production budget?
a. Cash budget b. Capital expenditures budget c. Selling and administrative expense budget d. Direct materials purchases budget
ABC Company issued additional shares of stock for cash. The effect of the transaction is
A) the earnings per share increased. B) the debt-to-equity ratio increased. C) the current ratio was increased. D) the return on total assets increased.
Which of the following statements about coverage for loss of use (Coverage D) under the Homeowners 3 policy is true?
A) If a covered loss makes the home unfit for living, the insurer pays additional living expenses the insured may incur as a result of the loss. B) The duration of payments for additional living expenses is limited to a maximum of 30 days. C) There is no coverage for loss of rent if an insured peril makes the part of the premises rented to others uninhabitable. D) There is coverage for loss of business income if an insured peril forces a home business to be terminated.