Which of the following points out a flaw in the marketing executive's argument?
A) It assumes that on average Google users are older than the users of most other social networking tools.
B) It assumes both that Twitter users are unhappy with the 140-character limit and also that Facebook users are unhappy with privacy issues.
C) It dismisses the possibility that most Facebook users are also users of Google.
D) It fails to account for the possibility that something other than developmental and launching costs were most crucial to Buzz's success or failure.
E) It assumes that creative input was the most important factor in determining Buzz's success.
Answer: D
Explanation: D) The marketing executive says that Google spent tons of money to develop and launch Buzz, and since all that money didn't lead to success, then Google users must not be a good market for this type of tool. He is assuming, however, that a certain high amount of investment would have led to success if success were possible. His argument is not considering the possibility that all that money was ill-spent—wasted on blind alleys, for example, like developing new features when what users would be most concerned about might be other issues, like privacy. Choices A, B, and C introduce issues that the marketing executive never mentions in his argument for discontinuing Buzz. Choice E mentions an assumption that the marketing executive does not make and that would undermine his contention that financial investment was the determining factor.
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The bank where the payee or holder of a check has an account is known as the ________
A) payer bank B) depository bank C) intermediary bank D) private bank
Which of the following statements about the financing of unemployment insurance benefits is true?
A) Each state maintains its own trust fund at the state level, and the state pays qualified beneficiaries from the trust fund the state administers. B) While experience rating is used for other types of insurance, it is not used in unemployment insurance. C) Part of an employer's contribution is used for administrative expenses, to fund extended benefits, and to maintain a loan fund that can be drawn upon if the state's account is depleted. D) Most state programs are financed primarily by payroll taxes paid by employees.
Costs associated with fraudulent transactions include
A) additional fees and penalties imposed by card associations for accepting fraudulent transactions. B) the cost of manually reviewing orders. C) the revenue that is lost from rejecting orders that are valid. D) all of the above.
McDermott Company's bank statement for September 30 showed an ending cash balance of $1,350. The company's Cash account in its general ledger showed a $995 debit balance.The following information was also available as of September 30.The bank deducted $125 for an NSF check from a customer deposited on September 15. The September 30 cash receipts, $1,250, were placed in the bank's night depository after banking hours on that date and this amount did not appear on the September 30 bank statement. A $15 debit memorandum for checks printed by the bank was included with the canceled checks. Outstanding checks amounted to $1,145. Included with the bank statement was a credit memo in the amount of $875 for an EFT in payment of a customer's account. Included with the canceled checks was a
check for $275, drawn on the account of another company. Required: Part a. Prepare a bank reconciliation as of September 30.Part b. Prepare the journal entries for the items on the company's bank reconciliation as of September 30. What will be an ideal response?