Network IT changes the way that work is performed and decisions are made.

Answer the following statement true (T) or false (F)


False

Business

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Product innovations are commonly associated with a differentiation strategy.

Answer the following statement true (T) or false (F)

Business

The Branson Company uses the percent of sales method of accounting for uncollectible accounts receivable. During the current year, the following transactions occurred:Mar 7Branson Company determined that the $2,000 account receivable of the Bing Company was uncollectible, and wrote it off.Jun 9Bing Company paid $1,500 of the amount owed to the BransonCompany. Branson Company does not expect further collections from the Bing Company.Dec 31Branson Company estimates that 1.5% of its $900,000 of creditsales will be uncollectible.Prepare the general journal entries to record these transactions.

What will be an ideal response?

Business

_____ discounts are based on the number of ad insertions in a magazine, usually within a year.

A. Frequency B. Trade C. Nonprofit D. Season E. Presentation

Business

Answer the following statement(s) true (T) or false (F)

1. The NYSE sets margin requirements. 2. Stocks may be used to satisfy margin requirements, rather than cash. 3. Securities must be kept in the street name of the brokerage if a margin account is used. 4. When you short a security you are actually selling a security that no one owns.

Business