In Wal-Mart v. Samara Brothers, where Wal-Mart was accused of copying the design of children's clothing, the Supreme Court held that for trade dress protection to exist, the good or service must:
a. be distinctive
b. be identified as to origin c. have secondary meaning
d. all of the other specific choices e. none of the other choices
d
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________ considers how people perceive relations among different attitude objects, and how they alter their attitudes to remain consistent
A) Social judgement theory B) Foot-in-the-door theory C) Balance theory D) Rejection theory
Fixed compensation receives more emphasis in sales rep jobs with ________
A) a high ratio of selling to nonselling duties B) a high requirement for individual initiatives C) an intensive focus on selling activities D) very little need for teamwork E) technical complexities
What are the benefits of conducting continuous audits (or monitoring)?
What will be an ideal response?
McDaniel, Inc uses the direct method to prepare its statement of cash flows
Refer to the following financial statement information for the year ended December 31, 2017: McDaniel, Inc Comparative Balance Sheet December 31, 2017 and 2016 2017 2016 Increase (Decrease) Cash $35,100 $15,100 $20,000 Accounts Receivable 26,800 33,800 (7,000 ) Merchandise Inventory 56,100 29,100 27,000 PP&E, net 126,000 92,000 34,000 Total Assets $244,000 $170,000 $74,000 Accounts Payable 9,700 13,700 $(4,000 ) Accrued Liabilities 6,900 2,900 4,000 Long-term Notes Payable 69,400 78,400 $(9,000 ) Total Liabilities $86,000 $95,000 $(9,000 ) Common Stock $55,000 $3,000 $52,000 Retained Earnings 115,000 78,000 37,000 Treasury Stock (12,000 ) (6,000 ) (6,000 ) Total Stockholders' Equity $158,000 $75,000 $83,000 Total Liabilities and Stockholders' Equity $244,000 $170,000 $74,000 McDaniel, Inc Income Statement December 31, 2017 and 2016 2017 2016 Sales Revenue $289,700 Interest Revenue 2,600 Gain on Sale of Plant Assets 6,000 Total Revenues and Gains $298,300 Cost of Goods Sold 146,800 Salaries and Wages Expense 47,500 Depreciation Expense-Plant Assets 16,000 Other Operating Expense 24,700 Interest Expense 3,500 Income Tax Expense 7,800 Total Expenses 246,300 Net Income $52,000 Use the direct method to compute the payments made to employees. (Accrued Liabilities relate to other operating expense.) A) $72,200 B) $43,500 C) $24,700 D) $47,500