Critics argue that a major contributor to materialism is advertising that
A. states that physical goods cannot be symbols of respect and dignity.
B. implies that accumulation of possessions can lead to a content life.
C. promotes equality of ethnic and racial minorities.
D. seeks to fulfill existing needs rather than creating new needs.
E. voices against social stereotypes and gender inequalities.
Answer: B
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Rick's Catering has accrued wages of $2,670 owed at the end of the year. The adjusting entry would involved a
a. credit to Wages Expense. b. credit to Cash. c. debit to Wages Expense. d. debit to Wages Payable.
When is nonperformance by a contractual party excusable?
What will be an ideal response?
Lois wants to start an art gallery. However, because of lack of adequate funds, she decides to borrow money from a bank. The bank is hesitant to give money to Lois because it cannot verify whether her business would be able to earn enough profit to repay the borrowed amount within the stipulated period. However, after a thorough research, the bank grants her the money. In the given scenario, Lois uses _____ to fund her business.
A. crowdfunding B. a loan C. venture capital D. a credit card
If company earnings reflect a rate of return less than the cost of debt, then more debt ________
A) will increase the percentage of earnings available for distribution to the equity owners B) will lower the percentage of earnings available for distribution to the debt owners C) will increase the percentage of dividends available for distribution to the equity owners D) will lower the percentage of earnings available for distribution to the equity owners