College DecisionJuan is a senior in high school and is deciding which university to go to after he graduates. He has received several pieces of mail from local universities with information on scholarship opportunities because he has a good GPA and a high ACT score. He and his parents have visited several schools and talked to advisors regarding his chosen major, marketing. Juan is thinking about going to the local community college where all of his friends are planning to go, but his parents want him to go to a more prestigious school because they think he will get a better education there.Refer to College Decision. The direct mail pieces with scholarship information that schools are sending to Juan are examples of which type of information sources?
A. marketing-controlled
B. nonmarketing-controlled
C. service-oriented
D. internal
E. selective
Answer: A
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After filling her car with gas, Shelly got a 5 percent discount for paying in cash.
Indicate whether the statement is true or false.
The following transactions relate to MicroChip, a manufacturer located in Thailand. Indicate whether each transaction immediately gives rise to an asset of the company under U.S. GAAP and separately, under IFRS. If MicroChip recognizes an asset, state the account title, the amount, and the classification of the asset on the balance sheet as either a current asset or a noncurrent asset. MicroChip
reports its results in millions of baht (Bt). a. MicroChip invests Bt800 million in a government bond. The bond has a maturity value of Bt1,000 million in five years, and MicroChip intends to hold the bond to maturity. b. Two months prior to its year-end, MicroChip pays its insurer Bt240 million to cover annual premiums on its European plants. c. MicroChip pays a developer in another country Bt6 million for an option to purchase a tract of land on which it intends to build a warehouse to serve future markets. The price of the land is Bt450 million. d. MicroChip signs a four-year employment agreement with its chief executive officer for a package valued at Bt17.4 million per year. Of this amount, Bt3.1 million is base salary; the rest is expected bonus and deferred compensation arrangements. The contract period begins next month. e. MicroChip spends Bt80 million on research and development (R&D) related to new, circuitry; 60% of the total amount was spent on pure research, the rest on development. The R&D is successful, and the firm is able to acquire a patent on the new circuitry. The cost of filing the paperwork and other procedures to obtain the patent is Bt0.5 million. f. MicroChip received notice that a component supplier had shipped by freight components invoiced at Bt700 million with payment due in 30 days. The supplier retains title to the components until received by MicroChip.
Ratios can be used for different purposes. For example, a variety of ratios have been developed to assess a firm's liquidity. Similarly, ratios have been developed to assess solvency, profitability, and stock market strength. A sample of commonly used ratios for these purposes is provided in the table below.Required:In the middle column of the table, provide the formula to compute the specified ratio. In the final column, indicate the purpose (Liquidity, Solvency, Profitability, and Stock market strength) for which the ratio is most commonly used. The first item is completed as an example.
What will be an ideal response?
____________________ sources are forms of firsthand experience, such as interviews and observations.
Fill in the blank(s) with the appropriate word(s).