A line of credit is unsecured, that is, there is no pledge of specific assets backing the loan. But companies can pledge assets against borrowed funds. These are called secured loans
Indicate whether the statement is true or false.
Answer: TRUE
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Using an ownership team keeps the implementation process on track even when some members of the team are away for extended periods because of business trips, training programs, illness, or vacations
Indicate whether the statement is true or false
Which of the following is not one of methods used by GAAP for treating value changes?
a. Recognize value changes on the balance sheet and income statement when they are realized in a market transaction b. Recognize value changes in the income statement when the value changes occur over time, but recognize them on the balance sheet when they are realized in a market transaction c. Recognize value changes on the balance sheet when the value changes occur over time, but recognize them in the income statement when they are realized in a market transaction d. Recognize value changes on the balance sheet and income statement when they occur over time, even though they are not realized in a market transaction
Which of the following is being used by a store owner who sends out a text message to all of her preferred customers announcing the arrival of this season's new clothing?
A. mobile marketing B. advertising C. social marketing D. personal selling E. sales promotions
Gina has planned to start college education in four years from now. To pay for her college education, she has decided to save $1,000 a quarter for the next four years in a bank account paying 12 percent interest (compounded quarterly)
How much will she have at the end of fourth year? (Round to the nearest whole dollar) A) $1,574 B) $19,116 C) $20,157 D) $16,000