A media buyer's job is to purchase space as well as to negotiate rates, times, and schedules for ads
Indicate whether the statement is true or false
TRUE
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Which of the following presumptions does not relate to the appropriateness of audit evidence?
A. The independent auditor's direct personal knowledge, obtained through observation and inspection, is more persuasive than information obtained indirectly. B. An auditor's opinion, to be economically useful, is formed within a reasonable time and based on evidence obtained at a reasonable cost. C. Evidence obtained from independent sources outside the entity is more reliable than evidence secured solely within the entity. D. The more effective the internal control system, the more assurance it provides about the accounting data and financial statements.
Superior Sales Company offers warranties on all its electronic goods. Warranty expense is estimated at 3.5% of sales revenue. In 2018, Superior had sales of $333,000. In the same year, Superior replaced defective goods with merchandise inventory costing $8,750. Prepare the journal entry to record the warranty expense. Omit explanation.
What will be an ideal response?
In location planning, environmental regulations, cost and availability of utilities, and taxes are:
A) global factors. B) country factors. C) regional/community factors. D) site-related factors. E) none of the above.
Which of the following was the result at the U.S. Supreme Court level in Citizens United v. Federal Election Commission regarding the constitutionality of the federal law providing that televised electioneering communications funded by anyone other than a candidate must include a disclaimer setting forth identifying information as to sponsorship?
a. That the law was unconstitutional only if a corporate entity, not an individual, sponsored the communication. b. That the law was unconstitutional only if an individual, not a corporate entity, sponsored the communication. c. That the law was unconstitutional in that it involved small expenditures as well as larger ones. d. That the law was constitutional.