Psychological barriers arise from senders and receivers not using a shared language
Indicate whether the statement is true or false.
Answer: FALSE
Explanation: Language barriers arise from senders and receivers not using a shared language.
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A bank has reserves of $34.3 million, securities of $65.2 million, and loans of $287.5 million. It has transaction accounts totaling $357.7 million and capital of $29.3 million. The reserve requirement is 0 percent on the first $7 million of transaction accounts, 3 percent on transaction accounts from $7 million to $47 million, and 10 percent on transaction accounts above $47 million.
a.Draw up the bank's balance sheet and calculate the bank's excess reserves. b.Suppose the bank makes a loan equal to the amount of its excess reserves that you calculated in part a. Draw up the bank's balance sheet before the customer spends the proceeds of the loan. What are the bank's excess reserves? c.Now suppose the customer spends the proceeds of the loan. Draw up the bank's balance sheet and calculate its excess reserves. What will be an ideal response?
Which of the following is true of personal selling?
A) It is the most effective promotional tool for geographically dispersed buyers. B) It allows firms to dramatize product offers through arts and visuals. C) It is the most expensive promotional tool for companies to utilize. D) It is an ineffective method for building long-term customer relationships. E) It presents a firm's message as news rather than as a sales-directed communication.
While using the ________ method for setting an advertising budget, a company starts with total revenues, deducts operating expenses and capital outlays, and then devotes some portion of the remaining funds to advertising
A) integrated B) moving-average C) competitive-parity D) percentage-of-sales E) affordable
Hadley Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price$136? Units in beginning inventory 0?Units produced 1870?Units sold 820?Units in ending inventory 1050? Variable costs per unit: Direct materials$43?Direct labor$34?Variable manufacturing overhead$12?Variable selling and administrative expense$11?Fixed costs: Fixed manufacturing overhead$14,960?Fixed selling and administrative expense$21,320?What is the total period cost for the month under variable costing?
A. $30,340 B. $36,280 C. $14,960 D. $45,300