The majority of work done by legislative bodies is performed in committees
Indicate whether the statement is true or false
True
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Integrated marketing communications (IMC) generally includes public relations but not advertising, sales promotion, personal selling, and direct marketing activities
Indicate whether the statement is true or false
A misdemeanor is distinguished from a felony based upon
a. the rules of evidence. b. the length and place of possible imprisonment. c. the burden of proof. d. the type of intent.
Patents are: A) 20-year legal monopolies
B) good for the lifetime of the inventor plus 50 years. C) not protected by any federal statutes for infringement. D) None of the above
On September 1 of the current year, Scots Company experienced a flood that destroyed the company's entire inventory. Because the company had not completed its month end reporting for August, it must estimate the amount of inventory lost using the gross profit method. At the beginning of August, the company reported beginning inventory of $215,800. Inventory purchased during August was $192,670. Sales for the month of August were $543,200. Assuming the company's typical gross profit ratio is 40%, estimate the amount of inventory destroyed in the flood.
A. $81,550 B. $191,190 C. $82,550 D. $87,550 E. $134,730