An acid-test ratio of 1.0 is considered safer than a ratio of 0.50
Indicate whether the statement is true or false
TRUE
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Which of the following statements is true about customer promotion?
A) It comes directly to the customer from the manufacturer. B) It is directed at intermediate channels of distribution. C) It is an attempt to get the channels of distribution to stock more of a product. D) It is run by the channel, either to the next channel in the distribution chain or to final customers.
A primary purpose of a balanced scorecard is to give
a. managers a way to judge past performance. b. stockholders a way to judge current performance. c. managers a way to forecast future performance. d. stockholders a way to tie strategy to profitability.
Assume that a firm uses the accrual basis of accounting. Indicate the amount of expense the firm recognizes during the month of November for each independent transaction
a. Rent of $3,600 is paid on November 1 for the months November through January. b. Inventory costing $2,500 is ordered on account. The invoice is received on November 25 and the goods are received on December 5. c. Insurance premium of $900 is paid for a full year of coverage starting November 1. d. On December 3, an invoice for November utilities of $325 is received. e. On November 1, supplies costing $2,200 are purchased. At November 30, $500 of supplies remained on hand.
Which of the following is not a communication channel?
A) Draft. B) Formal speech. C) PowerPoint presentation. D) E-mail.