Describe one of the two examples from the book that show a link between scent and increased spending
What will be an ideal response?
Gamblers put more quarters in slot machines when a Vegas casino was scented with a pleasant artificial smell. (People were willing to pay around $10 more for Nike sneakers when they tried them on in a floral scented room.)
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On December 31, Strike Company traded-in one of its batting cages for another one that has a cost of $500,000.Strike receives a trade-in allowance of $11,000 . The old equipment had an initial cost of $215,000 and hasaccumulated depreciation of $185,000 . Depreciation has been recorded up to the end of the year. The differencewill be paid in cash. What is the amount of the gain or loss on this
transaction? a. loss of $11,000 b. no loss or gain will be recorded c. loss of $19,000 d. gain of $11,000
The value at which one share of stock can be bought or sold is called
A) book value. B) call value. C) par or stated value. D) market value.
The beginning Merchandise Inventory balance totals $40,000, and the ending Merchandise Inventory balance totals $45,000 . The adjusting entry for the ending merchandise inventory will:
a. debit Merchandise Inventory and credit Income Summary for $45,000. b. debit Merchandise Inventory and credit Income Summary for $40,000. c. debit Income Summary and credit Merchandise Inventory for $40,000. d. debit Income Summary and credit Merchandise Inventory for $45,000. e. debit Merchandise Inventory and credit Capital for $45,000.
Which of the following is true of source notes??
A) ?They provide information that does not fit easily in a text. B) ?They support a statistical table. C) ?They refer a reader to another section of a report. D) ?They acknowledge the contributions of others.