A different set of financial statements usually is prepared for each user
Indicate whether the statement is true or false
F
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Consider the following independent scenarios:a) At January 1, Year 2, accounts receivable was $24,000. Cash collected on accounts receivable during Year 2 was $55,000. At December 31, Year 2, accounts receivable was $30,000. What were the revenues earned on account during Year 2?b) At January 1, Year 2, accounts payable was $19,000. During Year 2, expenses on account were $68,000. At December 31, Year 2, accounts payable was $15,000. What was the amount of cash payments on accounts payable that were made during Year 2?c) At January 1, Year 2, the balance in the prepaid insurance account was $480, which related to insurance coverage that expired on March 1, Year 2. On March 1, Year 2, the company paid $3,000 for insurance coverage for one year of insurance coverage that began on that date.
What was the amount of insurance expense for Year 2?d) At January 1, Year 2, the balance in the supplies account was $550. At December 31, Year 2, the company counted $400 of supplies on hand. The company reported supplies expense in Year 2 of $3,300. What was the total of supplies purchases during Year 2? What will be an ideal response?
Exploratory research should NOT be used for which of the following situations that Adidas may face ________
A) to understand purchase and consumption behavior of heavy users of athletic shoes B) to understand the positive impact of celebrity endorsements on its image C) to investigate the reasons why Adidas has a lower market share as compared to Nike in the United States D) to develop a profile of the target market in order to make advertising placement decisions E) to develop hypotheses - Are heavy users of athletic shoes more brand conscious than light users?
A type of construct validity that assesses the extent to which a measure does not correlate with other constructs from which it is supposed to differ is called ________
A) convergent validity B) discriminant validity C) nomological validity D) content validity E) Type I validity
The innovation diffusion process is how long it takes a product to move from ________.
A. awareness to interest B. introduction to growth C. growth to maturity D. first purchase to last purchase E. trial to adoption