Giant electronic signs that incorporate movement, color, and flashy graphics to grab attention in high-traffic areas are known as _____.
A. stock posters
B. bulletin structures
C. brand trains
D. standard billboards
E. spectaculars
Answer: E
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The excess of revenue over variable costs, including manufacturing, selling and administrative costs, is called:
a. Gross margin. b. Manufacturing margin. c. Contribution margin. d. Segment margin.
Many public relations leaders have argued that public relations should act as the ______________ of their organization
A. technology leader D. categorical imperative B. overall marketing coordinator E. universal communicator C. ethical conscience
Which of the following is a similarity between a public corporation and a limited liability company?
A) Both have a limitation on the number of owners. B) Both allow owners control over daily management decisions. C) Both limit liability of owners to loss of capital contribution. D) Both have their profits taxed as income to corporation and again as income to owners when distributed as dividends.
On January 1, Year 1, the organizers of the Fredonia Corporation obtained their charter authorizing 400,000 shares of $2 par common stock. Fredonia issued 30,000 shares of $2 par common stock for $8 per share. During Year 1, the corporation earned $820,000 in cash revenue and paid $700,000 in cash expenses, not including income tax. The company declared and paid cash dividends totaling $28,000. Fredonia Corporation is in the 30% tax bracket.Required:Using the above information, prepare an income statement and a balance sheet for the Fredonia Corporation.
What will be an ideal response?