A contract with a party who has been declared incompetent is voidable
Indicate whether the statement is true or false
False
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Which of the following formulas is used to calculate a company's relative market share?
A) (Company's Market Share/Company's Potential Market Share) x 100 B) (Company's Total Sales/Total Sales of the Largest Competitor) x 100 C) Company's Targeted Sales - Company's Net Sales D) (Company's Market Share/Total Share of Three Largest Competitors) x 100 E) Total Sales of the Largest Competitor - Company's Total Sales
Interest is capitalized when incurred in connection with the construction of plant assets because
a. interest is considered a part of the acquisition cost of the related plant asset. b. the decision to purchase a plant asset is a business decision separate from the financing decision. c. many plant assets last longer than 20 years. d. interest is considered an expense of the period.
Define brand personality
What will be an ideal response?
On January 1, a corporation issues for cash $100,000 of 6%, five-year bonds with interest of $3,000 payable semiannually. The market rate of interest at the time the bonds are issued is 5%. Assume the bonds sell for $103,769 . What is the entry to record the issuance of the bonds?
a. Cash 98,203 Discount on Bonds Payable 1,797 Bonds Payable 100,000 b. Bonds Payable 100,000 Cash 100,000 c. Cash 103,769 Bonds Payable 100,000 Premium on Bonds Payable 3,769 d. Cash 100,000 Bonds Payable 100,000