Private law, unlike public law, tends to change rapidly as it is based on current social attitudes
a. True
b. False
Indicate whether the statement is true or false
False
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Refer to the following selected financial information from Texas Electronics. Compute the company's working capital for Year 2. Year 2 Year 1Cash$37,500 $36,850 Short-term investments 90,000 90,000 Accounts receivable, net 85,500 86,250 Merchandise inventory 121,000 117,000 Prepaid expenses 12,100 13,500 Plant assets 388,000 392,000 Accounts payable 113,400 111,750 Net sales 711,000 706,000 Cost of goods sold 390,000 385,500
A. $232,700. B. $111,700. C. $147,200. D. $220,600. E. $142,700.
Nick is admitted to an existing partnership by investing cash. Nick agrees to pay a bonus for his ownership interest because of the past success of the partnership. When Nick's investment in the partnership is recorded
a. his capital account will be credited for more than the cash he invested b. his capital account will be credited for the amount of cash he invested c. a bonus will be credited for the amount of cash he invested d. a bonus will be distributed to the old partners' capital accounts
Which of the following statements about brand equity is NOT true?
A) Brand equity means a brand has customer loyalty. B) Brand equity refers to the brand's value to an organization. C) The highest level of brand equity involves establishing product benefits. D) Brand equity gives a firm the power to capture and hold onto a larger share of the market and to sell at prices with higher profit margins. E) Brand equity can provide a competitive advantage.
European car manufacturers like Mercedes-Benz, Volkswagen etc . faced stiff competition from
cheaper, more reliable cars made by Japanese and Korean car-makers. Which of the following would best help the European manufacturers maintain their market share? A) locating alternatives for their raw materials B) demonstrating the superiority of the technology used in their products C) introducing new kinds of products and services D) showing that their cars are essential to successful operation