Which of the following statements about marketing audits is true?
A. A marketing audit should be handled by the specialist most familiar with each of the marketing plans in the program.
B. A marketing audit should evaluate the company's whole marketing program-not just some parts of it.
C. Marketing audits should probably be conducted by someone inside the marketing department who is familiar with the whole program.
D. A marketing audit should be conducted only when some crisis arises.
E. All these statements are true.
Answer: B
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In the context of headings used in a formal report, talking headings convey information about the content of a section, but they do not give a conclusion about the section.
Answer the following statement true (T) or false (F)
A compensation committee generally makes recommendations to the _____ on overall pay policies, salaries for top officers, supplemental compensation such as stock options and bonuses, and additional perquisites for executives.
a. labor union b. board of directors c. federal government d. state government
Mocha Company manufactures a single product by a continuous process, involving three production departments. The records indicate that direct materials, direct labor, and applied factory overhead for Department 1 were $100,000, $125,000, and $150,000, respectively. The records further indicate that direct materials, direct labor, and applied factory overhead for Department 2 were $50,000,
$60,000, and $70,000, respectively. In addition, work in process at the beginning of the period for Department 1 totaled $75,000, and work in process at the end of the period totaled $60,000. The journal entry to record the flow of costs from Department 1 into Department 2 during the period is: A) Work in Process--Department 2 390,000Work in Process--Department 1 390,000 B) Work in Process--Department 2 330,000Work in Process--Department 1 330,000 C) Work in Process--Department 2 255,000Work in Process--Department 1 255,000 D) Work in Process--Department 2 375,000Work in Process--Department 1 375,000
Manhattan Company recorded an adjusting entry to accrue interest owed of $1300 as of December 31, Year 1. When the related note was paid during Year 2, the company paid $2450 in interest. Which of the following journal entries correctly records this Year 2 transaction? (Assume that the entry to record the payment of the note itself was recorded in a separate journal entry.)
A.
| Interest expense | 2450? | |
| Cash | 1300? | |
| Interest payable | 1150? |
B.
| Interest expense | 1150? | |
| Interest payable | 1300? | |
| Cash | 2450? |
C.
| Interest expense | 2450? | |
| Cash | 2450? |
D.
| Interest expense | 1150? | |
| Cash | 1150? |