Which of the following is/are LEAST likely to be in the "something of value" part of the price equation for channel members?
A. promotion aimed at customers
B. price-level guarantees
C. rebates
D. convenient packaging for handling
E. service-repair facilities
Answer: C
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If bonds payable are notcallable, the issuing corporation
a. can exchange them for common stock b. can repurchase them in the open market c. must get special permission from the SEC to repurchase them d. is more likely to repurchase them if the interest rates increase
Which of the following is neither a store brand nor a national brand?
A. Generic brand B. Private-label brand C. Exclusive brand D. Copycat brand E. Premium brand
The board of directors of Lark Corporation declared a cash dividend of $3.50 per share on 57,000 shares of common stock on June 14, 20x5. The dividend is to be paid on July 15, 20x5, to shareholders of record on July 1, 20x5. The proper entry to be recorded on June 14, 20x5 is, A) Dividends 199,500 Dividends Payable 199,500 B) No journal entry is necessary on this date
C) Dividends 199,500 Retained Earnings 199,500 D) Dividends payable 199,500 Dividends 199,500
A fixed asset with a cost of $41,000 and accumulated depreciation of $36,000 is traded for a similar asset priced at $50,000. Assuming a trade-in allowance of $4,000, the cost basis of the new asset is
A) $54,000 B) $45,000 C) $51,000 D) $50,000