The manufacturer of the George Forman grill has produced a 30-minute sales pitch in the form of a talk and demonstration show to be aired on local cable TV channels. This is an example of an infomercial.
Answer the following statement true (T) or false (F)
True
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The stockholders' equity section of Twilight Time's balance sheet on January 1, 2016, appeared as follows: Common stock, $2 par, 2,000 shares issued and outstanding $ 4,000 Additional paid-in capital—Common 1,600 Retained earnings 5,400 Total stockholders' equity $11,000 On March 1, 2016, Twilight reacquired 800 shares of common stock at $10 per share. Twilight sold 400 of the treasury shares
on November 15 for $12 per share. The entry to record the sale on November 15 would show: a. an increase in Gain on Sale of Treasury Stock, $800 b. an increase in Common Stock, $4,800 c. a decrease in Cash, $4,800 d. a decrease in Treasury Stock, $4,000
Medicare is primarily for people who meet which eligibility requirement?
A. Elderly (65+) B. Low-income C. Children D. Disabled
Joan Woodward classified contingent technologies into three categories. What term did she use to categorize technology in organizations where production involved tailored designs for different customers with small production runs?
a. Small Batch and Unit production b. Large Batch and Mass production c. Process Production d. Taylorism
At Starmart, Riya saw a box of collector's edition comic books. Each book was priced at $28.50, but a customer who bought five of the books was required to pay only $19.99 for each book. Riya bought one book and her friend bought five books
What was the retailer's revenue from this purchase? a. $158.51 b. $19.99 c. $28.50 d. $128.45