According to your textbook why do people form teams?
a. Survival by numbers
b. A sense of belongingness
c. A sense of identity
d. All the above
d. All the above
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One of the options in a product-management organization is to eliminate product manager positions for minor products and assign two or more products to each remaining manager. Under what conditions is this alternative feasible?
A) when the product mix is highly diverse B) when there are very few products in the company's portfolio C) when two or more products serve a similar set of needs D) when customers fall into different user groups E) when the company produces many products for many markets
A good primary source of market information is your sales force and customers
Indicate whether the statement is true or false
A $100,000 bond issue with a carrying value of $103,000 is called at 101 and retired. The entry to record the retirement of bonds would be:
a. Bonds Payable 101,000 Loss on Retirement of Bonds 2,000 Cash 103,000 b. Bonds Payable 100,000 Unamortized Bond Premium 3,000 Cash 101,000 Gain on Retirement of Bonds 2,000 c. Bonds Payable 100,000 Loss on Retirement of Bonds 3,000 Cash 103,000 d. Bonds Payable 103,000 Cash 103,000
On August 1 . a firm assigned $30,000 of its $56,000 of accounts receivable. The finance company advanced 90% of the assigned accounts less a $2,000 fee. Interest is 12% and payable monthly on the beginning-of-period loan balance. A loan payment is remitted at the end of each month. Each payment includes principal and interest. The amount of each loan payment equals the cash collected on
receivables during the month plus interest on the loan balance. If $8,000 was collected on accounts receivable during August, the entry for the first loan payment would include a a. debit to Interest Expense of $280. b. credit to Cash of $8,000. c. credit to Account Receivable Assigned of $8,000. d. debit to Notes Payable of $8,280.