In the stockholders' equity section of a classified balance sheet, a distinction is made between amounts invested by owners and amounts accumulated from business earnings
a. True
b. False
Indicate whether the statement is true or false
True
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Excom sells radios and each unit carries a two-year replacement warranty. 5% of the radios sold typically need to be replaced costing Excom $30 per radio. During September, Excom sold 100 radios for $50 each. For what amount in September would Excomdebit Product Warranty Expense?
a. $50 b. $150 c. $30 d. $120
The best way to persuade an audience to do something is to
A) convince them that their existing motivations are unreasonable. B) change their motivation by suggesting that they are unsophisticated. C) align your message with their existing motivation. D) use scare tactics to describe the consequences of failing to do what you have asked. E) shame them into doing what you want.
When two friends decide to open a florist and gift shop, and they agree to share all work, debts, and profits equally, the friends have created a(n):
A) limited partnership. B) general partnership. C) corporation. D) S corporation.
The main advantage of a push strategy is that
A. it reduces inventory carrying costs. B. it allows firms to customize orders. C. it allows firms to respond rapidly to changing market conditions. D. it eliminates the risk associated with producing an unwanted product. E. it allows firms to achieve economies of scale.