Why might ad expenditures be high for products in the introductory stage of the product life cycle?
What will be an ideal response?
Consumers have very little awareness about such products; promotional spending can enhance customer awareness.
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A family-friendly policy that allows employees to work more hours on fewer days, allowing more days off, is called ________.
A. flextime B. a compressed workweek C. part-time work D. telecommuting
Which of the following is false regarding involuntary liquidation?
A. The secretary of state can compel involuntary dissolution if the corporation did not have a registered agent or office in the state for 60 days or more. B. The secretary of state can compel involuntary dissolution if the corporation failed to pay taxes within 60 days of the due date. C. The secretary of state can compel involuntary dissolution of the corporation if the corporation's duration as specified in its articles of incorporation has expired. D. Individual shareholders may not petition the state to order dissolution. E. The state may initiate dissolution procedures.
Suzanna is viewed by coworkers as being compassionate, generous, considerate, and supportive. According to the GLOBE leadership styles, what type of leader is Suzanna?
a. Participative b. Team-oriented c. Charismatic/value-based d. Humane-oriented e. Self-protective
Use this information to answer the following questions:Veras Bus Transportation provides on-campus bus services for universities. On January 1, it enters into a one-year contract with Moose University to operate five bus lines traveling throughout the campus. Under the contract, Veras will be paid $100,000 on the last day of each month. In addition, Veras will receive an additional $120,000 at the end of each six-month period, provided it remains free of accidents.•On January 1, based on historical experience, Veras estimated that there is a 75% chance that it will remain free of accidents for the entire year.•On March 20, three of the most senior drivers at Veras abruptly left. As a result, Veras had to hire inexperienced drivers to fill the vacant positions. Consequently, Veras
revised its estimate to a 30% chance that it would be entitled to receive the semiannual bonus and decided to continue this 30% probability estimate until its six-month review at the end of June.•On June 30, Moose confirmed that there was no accident between January and June, so Veras would be entitled to the semiannual bonus.Veras bases estimates of variable consideration on the most likely amount it expects to receive.Prepare Veras' March 31 journal entry to record the revenue recognized from March 1 - March 31, as well as any appropriate adjustments to the revenue already presumed to have been recorded from January 1 - February 28. What will be an ideal response?