Common stockholders are sometimes referred to as ________
A) non preemptive right holders
B) managers
C) creditors
D) residual owners
D
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Which of the following is a disadvantage of using blogs as a marketing tool?
A) The blogosphere is cluttered and difficult to control. B) Advertising on a blog is typically expensive and time consuming. C) Using blogs as a marketing tool offers minimum reach to a target audience. D) Blogs, when used as a marketing tool, have a low rank in web directories and search engines. E) Blogs do not provide the kind of personalized approach that today's marketers are looking for.
Pickrel Corporation is an oil well service company that measures its output by the number of wells serviced. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. Fixed Element per Month Variable Element per Well ServicedRevenue $5,500Employee salaries and wages$53,700 $1,300Servicing materials $600Other expenses$34,400 When the company prepared its planning budget at the beginning of November, it assumed that 27 wells would have been serviced. However, 31 wells were actually serviced during November.The amount shown for revenue in the planning budget for November would have been closest to:
A. $149,981 B. $148,500 C. $170,500 D. $172,200
In the case of U.S. v. Baker Hughes, concerning a merger of hardrock hydraulic underground drilling rig makers, the court held that the proposed merger:
a. should not be stopped because survival of the industry was important to national security b. should be stopped because the sellers would have over 75% of the market c. should be stopped because buyers had insufficient power to insure competitive prices d. should be stopped because the market was saturated with such firms e. none of the other choices
Lamps Unlimited, a wholesaler, sold several crates of lighting for $1,500 on account to a customer with credit terms of 1/10, n/30. If the customer pays within the discount period, the journal entry to record the receipt of payment would include:
A. a debit to Accounts Receivable for $1,485. B. a debit to Sales Discounts for $150. C. a credit to Accounts Receivable for $1,500. D. a credit to Sales Discounts for $15.