When Terry fed her dog, she noticed that only one can of Alpo Beef Chunk Dinner remained. Since it was the only kind her aging dog ate, she stopped at the supermarket and bought a case of Alpo Beef Chunk Dinner dog food. What kind of purchase decision-making process did Terry use to replenish her stock of canned dog food?
A. Consideration set
B. Attribution
C. Habitual decision making
D. Extended problem solving
E. Limited problem solving
Answer: C
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On January 1, 2017, Rickson Corporation purchased 7,500 shares of AutoTech as a long-term investment for a total of $235,000. The 7,500 shares represent 30% of the outstanding (25,000) shares of AutoTech. Prepare the journal entries for Rickson to record the following transactions and events: December 31, 2017:AutoTech reported net income of $66,000 for 2014.February 1, 2018:Sold 1,875 of the AutoTech shares for $34 per share. In addition, ?$1,350 in fees and commissions were paid by Rickson on this sale.November 1, 2018:Rickson received a $0.90 per share cash dividend from AutoTech.December 31, 2018:AutoTech reported net loss of $46,000 for 2015.
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The Code provides an exception to the executory promise rule in:
a. the giving of a negotiable instrument. b. the making of an irrevocable obligation to a third party. c. the lack of notice. d. Both the giving of a negotiable instrument and the making of an irrevocable obligation to a third party are correct.
Suchin's debt to Trixie is past due. Trixie obtains a judgment against Suchin to collect the debt, but Suchin refuses to pay. Trixie asks the court to order the seizure and sale of Suchin's property. This is a request for
A. a guaranty (or suretyship) contract. B. an order that would violate most states' laws. C. an order of receivership. D. a writ of execution.
Collection float is the amount of time that elapses between ________ a check in an account and
the check's ________, at which point the funds are actually placed in the account. A) depositing; clearing B) issuing; clearing C) writing; being deposited D) receiving; being deposited E) A and B above