In a marketing plan, the ________ state what the marketing function must accomplish to achieve overall business objectives
A) situation analyses
B) strategic plans
C) marketing objectives
D) market development strategies
E) marketing controls
C
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The cost of merchandise sold during the year was $45,000 . Merchandise inventories were $13,500 and $10,500 atthe beginning and end of the year, respectively. Accounts payable were $7,000 and $5,000 at the beginning andend of the year, respectively. Using the direct method of reporting cash flows from operating activities, cashpayments for merchandise total
a. $46,000 b. $44,000 c. $50,000 d. $40,000
The key difference between a manufacturing and a merchandising business involves inventory
a. True b. False Indicate whether the statement is true or false
Which of the following is not a significant difference between the allowance method and the direct write-off method?
A. One method reports net realizable value on the balance sheet and the other does not. B. One method conforms to GAAP and the other typically does not. C. One method requires the estimation of uncollectible accounts and the other does not. D. One method requires writing off of uncollectible accounts and the other does not.
Ursula buys a Verismooth boat from a Watercraft store, which agrees to keep the boat for Ursula until she picks it up. Before Ursula gets the boat, an unforeseen tornado destroys the store and the boat. The loss of the boat is suffered by A) Ursula
B) Verismooth. C) Watercraft. D) the government agency that failed to foresee the tornado.