Beginning in 2007 the United States experienced its most severe financial crisis since the
Great Depression of the 1930s.
Indicate whether the statement is true or false
TRUE
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A retailer that is hard to get to, even if the customer can see it, has low
A. cumulative attraction. B. accessibility. C. availability. D. visibility. E. compatibility.
________ refers to purchasing software and data storage from a third party.
A) Cloud computing B) Resource planning C) Networking D) Entry-level software
Which of the following is NOT a desirable quality for a brand name?
A) It should suggest something about the product's benefits. B) It should be easy to pronounce and remember. C) It should almost always be a long word to get attention. D) It needs to fit legal requirements. E) It should make sense in the customer's culture.
Acker Corporation acquires 30% of the outstanding voting common shares of the Insight Corporation for $600,000 . Packer Corporation acquires the investment in Insight Corporation by buying previously issued shares of Insight Corporation from other investors. Between the time of the acquisition and the end of Packer Corporation's next accounting period, Insight Corporation reports earnings of
$80,000; and pays a dividend of $30,000 to holders of its common stock. Insight Corporation reports earnings of $100,000 and pays dividends of $40,000 during the subsequent accounting period. Assume now that Packer Corporation sells one-fourth of its investment in Insight Corporation for $165,000 . The entry is as follows: a. Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 165,000 Investment in Stock of Insight Corporation. . . . . . . . . . . . . . . . . . . . . 158,250 Gain on Sale of Investment in Stock of Insight Corporation. . . . . . . . . . 6,750 b. Investment in Stock of Insight Corporation. . . . . . . . . . . . . . . 158,250 Gain on Sale of Investment in Stock of Insight Corporation. . . . 6,750 Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . .165,000 c. Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 165,000 Investment in Stock of Insight Corporation. . . . . . . . . . . . . . . . . . . . . 158,250 Equity in Earnings of Affiliate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,750 d. Investment in Stock of Insight Corporation. . . . . . . . . . . . . . . 158,250 Equity in Earnings of Affiliate . . . . . . . . . . . . . . . . . . . . . . . . . 6,750 Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .165,000 e. Investment in Stock of Insight Corporation. . . . . . . . . . . . . . . 158,250 Gain on Sale of Investment in Stock of Insight Corporation. . . . 6,750 Equity in Earnings of Affiliate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 165,000