A ________ is a report explaining any differences between the checking account balance according to the depositor's records and the balance reported on the bank statement.

Fill in the blank(s) with the appropriate word(s).


bank reconciliation

Business

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Some people believe that marketing is relevant only in affluent, industrialized countries, whereas others believe that the role of marketing is to identify people's needs and wants worldwide, irrespective of the economy

Giving examples of companies involved in energy conservation and technology, support the latter argument.

Business

Exhibit 15-5 On January 1, 2016, Roberts Company adopts a compensatory share option plan and grants 40 executives 1,000 shares each at $30 a share. The fair value per option is $7 on the grant date. The company estimates that its annual employee turnover rate during the service period of three years will be 4%. ? Refer to Exhibit 15-5. At the end of 2017, the company estimates that the employee

turnover will be 5% a year for the entire service period. At the end of 2018, only 30,000 options vest as only 30 of the 40 executives actually remain. The compensation expense for 2018 will be (Round off turnover calculations to three decimal places and answer to the nearest dollar.) A) $49,957 B) $70,000 C) $80,022 D) $82,575

Business

A company's net sales are $779,290, its costs of goods sold are $436,400, and its net income is $104,735. Its gross margin ratio equals:

A. 13.4%. B. 24.0%. C. 30.6%. D. 44.0%. E. 56.0%.

Business

______ is the development of new or improved goods or services that are sold to meet customer needs.

A. Product innovation B. Exploratory innovation C. Exploitative innovation D. Process innovation

Business