When "Log" is noted on a piece of work, what is the flaw in the work?
A) A word is misspelled.
B) There is an incorrect citation.
C) There is a problem with the logic.
D) The message should be tailored to the reader.
Answer: C
Explanation: C) "Log" is short for logic, and indicates an issue in this area.
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On February 3, Smart Company sold merchandise in the amount of $5,800 to Truman Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Smart uses the perpetual inventory system and the gross method. Truman pays the invoice on February 8, and takes the appropriate discount. The journal entry that Smart makes on February 8 is:
A.
Cash | 5,684 | |
Accounts receivable | 5,684 |
B.
Cash | 4,000 | |
Accounts receivable | 4,000 |
C.
Cash | 5,800 | |
Accounts receivable | 5,800 |
D.
Cash | 3,920 | |
Sales discounts | 80 | |
Accounts receivable | 4,000 |
E.
Cash | 5,684 | |
Sales discounts | 116 | |
Accounts receivable | 5,800 |
Today the company is having a board meeting, and Steve, along with his staff, has been asked to prepare a special luncheon to be served in a conference room. All of top management will be attending
To gain political advantage in this situation, what do you recommend that Steve do? A) Go beyond the call of duty, and prepare an elegant meal that does not reflect imprudent spending. If Steve is complimented, he will share credit with his staff. B) Prepare a 30-second speech about his capabilities, which he will present to any executive with whom he interacts. C) Maintain a low profile, but leave a card at each plate setting with his Twitter and Facebook addresses. D) While the meal is being served, inform the members present that he has ambitions beyond the role of cafeteria manager.
The role played by attitudes toward price in the overall evaluation of the marketing mix is a minor concern in identifying the target market.
Answer the following statement true (T) or false (F)
From a firm's perspective, preferred shares are at least as desirable as bonds because the firm is able to deduct preferred dividend payments for tax purposes like it can bond interest expenses
Indicate whether the statement is true or false