A statement of cash flows should be prepared for which of the following fiduciary fund types?
A. Fiduciary funds do not provide a statement of cash flows.
B. Custodial.
C. Private-purpose trust.
D. Pension trust.
Answer: A
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________ provides an incentive, such as a coupon, for a customer to buy a product or for a salesperson to sell it.
A. Media buying B. Advertising C. Sales promotion D. Promotional campaign E. Buzz marketing
A sales allowance is recorded with a credit to Accounts Payable
Indicate whether the statement is true or false
Saran Digital, Inc starts the year with $3,500 in its Estimated Warranty Payable account
During the year, there were $213,000 in sales and $4,900 in warranty repair payments. Saran Digital estimates warranty expense at 4% of sales. The Warranty Expense for the year is ________. A) $8,520 B) $4,900 C) $3,500 D) $7,120
Which of the following statements is true of informational advertising appeals?
A. They work well for products but not for services. B. Benefits that serve as the basis of these appeals are constant across product categories. C. Features, benefits, or attributes that serve as a basis for these appeals generally do not vary among different market segments. D. Attributes that form the basis of these appeals vary from one product or service category to another. E. They usually influence feelings, images, beliefs, and meanings about a product or service.