Price is not used for trade promotions as it garners a negative opinion for the brand
Indicate whether the statement is true or false
a. True
b. False
ANSWER: False
Price is often used as a promotional tool to increase consumer interest. Pricing can be a tool for trade promotions as well.
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A corporation received its charter and began business this year. The company is authorized to issue 500,000 shares of $100 par, 6%, noncumulative, nonparticipating preferred stock, and 1,000,000 shares of no-par common stock. The following selected transactions occurred during this year: Mar. 5Issued 250 shares of preferred stock for $102 cash per share. July 15Exchanged 750 shares of common stock for $12,000 in legal services incurred in the organization of the company. Prepare journal entries to record these transactions.
What will be an ideal response?
Yuri was raised in a culture that strongly accepts an unequal distribution of power in organizations, so he will probably take quite readily to group decision making
Indicate whether the statement is true or false.
Today's workforce is changing. Many recent college graduates will expect to be allowed to work a flexible schedule that meets their needs. How is this different from the baby boomer generation?
A. They do not conform to rules. B. They are considered to be workaholics. C. They lack social conscientiousness. D. They surrender to establishments. E. They focus on maintaining a hierarchy, even at the cost of justice.
Rana purchases a 5%, $100,000 corporate bond at issuance on January 1, 2018 for $91,500. The bond matures in five years. In 2018 Rana will recognize interest income of
A. $5,000. B. an amount less than $5,000 (but more than $0). C. an amount greater than $5,000. D. $0.