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Indicate whether the statement is true or false


TRUE

Business

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A cereal company includes one premium coupon in every cereal box. Upon returning 10 such coupons to the company, a customer will be sent a free cereal bowl. In a recent year, the company sold 200,000 boxes of cereal for $1 a box. It is estimated that 20% of the coupons will be returned. If the cereal bowls cost the company $3 each, what amount of liability for premium redemptions must be recorded

by the company? a. $6,000 b. $12,000 c. $24,000 d. $200,000

Business

______ is one of Northouse’s five major leadership traits focused on a leader’s inclination to seek out pleasant social relationships.

A. Surgency B. Agreeableness C. Extraversion D. Sociability

Business

Which of the following is/are not true concerning accumulated other comprehensive income?

a. Firms measure marketable equity securities classified as available for sale at fair value and record the unrealized changes in fair value as an element of other comprehensive income. b. Firms remeasure derivatives designated as cash flow hedges to fair value at the end of each period and report the unrealized gain or loss in other comprehensive income. c. Firms translate the reported results of their foreign operations from local currencies into U.S. dollars in order to prepare consolidated financial statements. d. Firms must include gains and losses from changes in actuarial assumptions, actuarial performance, and prior service cost in other comprehensive income prior to their amortization as an adjustment to pension expense. e. none of the above

Business

A(n) _________________ data type is quite similar to the structure of a row in a database table.

Fill in the blank(s) with the appropriate word(s).

Business