Prepare a balance sheet using the information given below. Make sure to identify current assets, net fixed assets,
total assets, current liabilities, long-term debt, total equity, and total liabilities and equity.
Gross fixed assets $40,000
Cash $18,000
Other assets $5,000
Accumulated depreciation $30,000
Common stock $43,000
Short-term notes payable $12,000
Accounts payable $35,000
Inventories $122,000
Retained earnings $100,000
Accounts receivable $60,000
Long-term notes payable $10,000
Long-term bonds payable $15,000
Sales $300,000
Cost of goods sold $150,000
Depreciation expense $3,000
Cash $18,000 Accounts payable $35,000
Accounts receivable 60,000 Short-term notes payable 12,000
Inventories 122,000 Current liabilities 47,000
Current assets 200,000 Long-term notes payable 10,000
Gross fixed assets 40,000 Long-term bonds payable 15,000
Less: Accumulated Depreciation (30,
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Avril is selling a uniform service to a company that cleans many of the office buildings in Baltimore. She is doing a sales presentation to all of the members of the company's buying center. She has just finished giving a brief history of her company and discussing her firm's philosophy to the 25 people in the room. She has also mentioned a few large companies her firm has worked with in the past. Avril has done this to:
A. outline benefits. B. create a selling environment. C. create interest in her company. D. establish credibility. E. get the attention of her audience.
Ramierez Company received their first electric bill in the amount of $60 which will be paid next month. How will this transaction affect the accounting equation?
A) Increase Liabilities (Accounts Payable) and decrease Owner's Equity (Utilities Expense) B) Increase Liabilities (Accounts Receivable) and decrease Owner's Equity (Utilities Expense) C) Decrease Assets (Cash) and decrease Liabilities (Accounts Payable) D) Decrease Assets (Cash) and decrease Owner's Equity (Utilities Expense)
Which of the following is NOT an ethical issue that can be raised by multinational corporations focusing on bottom of the pyramid (Bop) markets?
a. Appropriateness of the products b. Price points established by the firms c. Potential misuse of advertising and promotion d. All selections are ethical issues that can be raised by multinational corporations
Dividing potential customers into groups of similar people is known as _____.
A. environmental scanning B. public accounting C. market segmentation D. customer relationship management