Problematic operational data is termed as ________.
A. septic data
B. metadata
C. dirty data
D. granular data
E. rough data
Answer: C
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The advertising promise that captures the reason that people buy products is known as:
A) creative strategy. B) the advertising appeal. C) the selling proposition. D) the creative execution. E) the big idea.
In the financial statements, dividends in arrears on cumulative preferred stock should be
A) disclosed in the footnotes. B) classified as an offset to retained earnings. C) classified as a liability either current or long term. D) classified as an offset to net income.
Woodhead Inc. manufactures one product. It does not maintain any beginning or ending inventories. The company uses a standard cost system in which inventories are recorded at their standard costs and any variances are closed directly to Cost of Goods Sold. Its standard cost per unit produced is $37.45. During the year, the company produced and sold 24,400 units at a price of $47.40 per unit and its selling and administrative expenses totaled $92,000. The company does not have any variable manufacturing overhead costs. It recorded the following variances during the year:Materials price variance$8,760FMaterials quantity variance$550ULabor rate variance$27,885ULabor efficiency variance$17,200FFixed manufacturing overhead budget variance$17,400FFixed manufacturing overhead volume
variance$18,900FThe net operating income for the year is closest to: A. $151,026 B. $259,859 C. $184,605 D. $150,780
A franchisor discloses a cautionary statement that reads, "Caution: Some outlets have sold this amount. There is no assurance you'll do as well. If you rely upon our figures, you must accept the risk of not doing so well" This is an instance of ________.
A) disclosure of earning projections based on actual data B) disclosure of sales projections based on hypothetical data C) nondisclosure of sales or earnings projections D) fraudulent disclosure by the franchisor