Intensive distribution is often very appropriate for
A. unsought products and specialty products.
B. business products of all classes.
C. convenience products and business supplies.
D. shopping, specialty, and unsought products.
E. shopping products and convenience products.
Answer: C
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When consolidating foreign subsidiaries, the foreign subsidiary's financial numbers must be translated into the parents' currency unit. Under U.S. GAAP if the foreign subsidiary is a self-contained unit the
A. temporal method is used. B. historical cost method is used. C. present value method is used. D. current rate method is used.
In the relational database model
a. relationships are explicit b. the user perceives that files are linked using pointers c. data is represented on two-dimensional tables d. data is represented as a tree structure
Subsequently, the marketing department revised its figures for cash collections. New data are as follows: $52,000 in July, $55,000 in August, and $42,000 in September. Based on the new data, calculate the new projected cash balance at the end of July.
Edelmar Corp. has prepared a preliminary cash budget for the third quarter as shown below:
A) $13,500
B) $4400
C) $7000
D) $7800
A prepaid expense, such as the purchase of insurance for an upcoming period, is initially recorded in the accounting system as a(n) ________
a. liability b. revenue c. asset d. expense