On December 2, 2018, St. Andrews, Inc. purchases land. In exchange for the land, St. Andrews, Inc. issues 8,000 shares of common stock with $1.00 par value. The land has been appraised at a market value of $400,000. Prepare the journal entry for this transaction. Omit explanation.
What will be an ideal response?
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(n) ______ innovation is a change in the way a product or service is conceived, manufactured, or disseminated.
A. procedural B. process C. product D. transformational E. adaptive
Although Brenda previously used the US Postal Service because it offered better prices on package shipping, she now uses only FedEx, because it gives her the facility of shipping from any FedEx location 24 hours a day
Which of the following factors led to Brenda's customer switching behavior? A) inconvenience B) pricing C) response to service failure D) ethical problems E) involuntary switching
Which of the following statements is true about the strict liability doctrine?
A) Privity of contract between the injured party and defendant is mandatory. B) Injured bystanders cannot recover damages under the strict liability doctrine. C) Parties in the chain of distribution are strictly liable only to the customer who buys the product. D) Injured bystanders are entitled to the same protection as the consumer or user.
Scenario 14.2Use the following to answer the questions.Lands' End offers clothing and accessories for all members of the typical household. For many years, the products were sold only through catalogs. Later, they were available through the company on its Internet website. In the past few years, Lands' End has partnered with Sears to offer selected Lands' End products inside of Sears retail stores. This move by Lands' End has been criticized by some marketers because it was thought that the Lands' End products were superior in quality to those that are available in Sears stores. Additionally, the products available in Sears stores include Craftsman tools, lawn care equipment, and household appliances, which are not Lands' End types of product lines. This may create mixed messages about
Lands' End to prospective customers. Refer to Scenario 14.2. When Lands' End sells its products through a catalog or the Internet, it is most likely a(an) ____, selling through ____. A. off-price retailer; direct marketing B. mass merchandiser; retail outlets C. retailer; direct marketing D. specialty retailer; retail outlets E. category killer; direct marketing