Once you have your competitive intelligence, what is the next critical step in the competitive positioning process?
a. Analyze the information
b. Begin your pricing strategy
c. Produce your product prototype
d. Hire your venture team
a. Analyze the information
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James had a contract with Frasier to fix a plumbing issue at Frasier's home. The contract was made for $3,000. After the work was completed, Frasier then refused to pay anything unless James agreed to accept $2,500. James's attempt to make a new contract is void because it lacks consideration under the ________ concept.
Fill in the blank(s) with correct word.
On January 3, 2018, Roberts Company purchased 30% of the 100,000 shares of common stock of Thomas Corporation, paying $1,500,000. There was no goodwill or other cost allocation associated with the investment. Roberts has significant influence over Thomas. During 2018, Thomas reported net income of $300,000 and paid dividends of $100,000. On January 4, 2019, Roberts sold 15,000 shares for $800,000.What is the appropriate journal entry to record the sale of the 15,000 shares? A)Cash800,000 Investment in Thomas 800,000B)Cash800,000 Investment in Thomas 780,000 Gain on sale of investment 20,000C)Cash800,000 Loss on investment12,000 Investment in Thomas 812,000D)Cash800,000 Investment in Thomas 790,000 Gain on sale of investment 10,000E)Cash800,000 Loss on sale
of investment15,000 Investment in Thomas 815,000 A. C Above. B. E Above. C. D Above. D. A Above. E. B Above.
_____ promotion is designed to stimulate a purchase or an action
a. Connective b. Reminder c. Informative d. Persuasive
When using the periodic inventory system, there is no need to record an adjusting entry for inventory shrinkage
Indicate whether the statement is true or false