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Indicate whether the statement is true or false
True
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Manufacturers benefit from co-op advertising in all of the following ways, except:
A) gain additional advertising exposure at reduced costs B) reimbursed by retailers for their share of the ad costs C) co-op dollars are directly tied to retail sales D) gain prominent exposure in an ad since no other competing brands can also be displayed
A company with a current ratio of 2.4 times will see that ratio decrease when the company
A) pays a large current liability. B) declares a 10 percent stock dividend on its common stock. C) borrows cash by issuing a short-term note payable. D) converts a short-term liability to a long-term liability.
[The following information applies to the questions displayed below.]AccountCompany XCompany YCompany ZCost of goods sold$1,980,000 $4,338,000 $3,234,000 Inventory$ 175,000 $ 295,000 $ 250,500 What is the average number of days to sell inventory for Company Y?
A. 15.3 B. 25.6 C. 23.9 D. 24.8
To evaluate the effectiveness of advertising, it's better to rely on the judgment of the creative people in ad agencies than to rely on the results of advertising research.
Answer the following statement true (T) or false (F)