Seagram's Coolers has asked bartenders in New York City to submit cocktail recipes to its Web site. From these entries, the winning recipe will be selected. The winner of this _____ gets to take a friend on a five-night trip to Tahiti.
A. contest
B. push money deal
C. sampling
D. relationship game
E. sweepstakes
Answer: A
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Which of the following factors determines that a marketing channel is an indirect channel rather than a direct channel?
A) The products are complex and require extensive after-sales service. B) The products are intended for business-to-business markets rather than consumer markets. C) At least one marketing intermediary takes ownership of the products and controls distribution. D) Telemarketing and digital marketing are an integral part of the distribution system. E) The marketing channel uses one or more intermediaries who are a part of the company.
Which of the following could be a component of other comprehensive income (loss)?
A) realized gains or losses from sale of investments in available-for-sale securities B) translation adjustments from converting the financial statements of a company's foreign operations into U.S. dollars C) gains (losses) on extraordinary items D) warranty liability adjustments
Which of the following statements is CORRECT?
A. The market value of a bond will always approach its par value as its maturity date approaches. This holds true even if the firm has filed for bankruptcy. B. Rising inflation makes the actual yield to maturity on a bond greater than a quoted yield to maturity that is based on market prices. C. The yield to maturity on a coupon bond that sells at its par value consists entirely of a current interest yield; it has a zero expected capital gains yield. D. On an expected yield basis, the expected capital gains yield will always be positive because an investor would not purchase a bond with an expected capital loss. E. The yield to maturity for a coupon bond that sells at a premium consists entirely of a positive capital gains yield; it has a zero current interest yield.
If ending inventory on December 31 . 2014, is overstated by $40,000, what is the effect on net income for 2015?
a. Net income is overstated by $40,000. b. Net income is understated by $40,000. c. Net income is overstated by $80,000. d. The answer cannot be determined from the information given.