The network effect describes how products in a network increase in value to users as the number of users increases.
Answer the following statement true (T) or false (F)
True
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A $6,700, 8.5% note is dated April 10 and is due in 75 days. The maturity value of the note would be
a. $6,800.00. b. $6,818.65. c. $7,500.00. d. $7,075.00.
If a company uses the direct write-off method of accounting for bad debts,
a. It is applying the matching principle. b. It will record bad debt expense only when an account is determined to be uncollectible. c. It will reduce the accounts receivable account at the end of the accounting period for estimated uncollectible accounts. d. It will report accounts receivable in the balance sheet at their net realizable value.
Andrew Durham was injured in a job-related accident that resulted in a workers' compensation settlement agreement with the employer's insurance carrier, Traveler's Indemnity Company. The settlement agreement required Traveler's to pay Durham $2500 per
month for the rest of his life. To finance its obligation, Traveler's purchased an annuity in its name. The settlement agreement required Traveler's approval or consent prior to an assignment of the annuity payments. Durham later decided to open a business and went to a credit union for a $214,000 loan. The credit union loaned the money, taking a security interest in Durham's monthly annuity payments. Traveler's consent was never secured. Was this a valid assignment?
Airbase is a consumer electronics company known for its affordable mobile devices that follows a cost-leadership strategy. In this scenario, Airbase should ideally compare its strategic position with
A. a consumer electronics company that sells high-end devices. B. an online company that sells customized electronics accessories. C. a consumer electronics company popular among price-conscious customers. D. a company that sells small kitchen appliances at affordable prices.