As defined in your text, a product refers to
A. any good or service that is mass produced and sold in more than one market.
B. any intangible offering a firm makes to an individual consumer or a business.
C. the specific combination of goods, services, or ideas that a firm offers to its target market.
D. a tangible good that is received in exchange for money, time, or effort.
E. marketed items of value that fulfill a need of an individual consumer or business.
Answer: C
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Flagg records adjusting entries at its December 31 year end. At December 31, employees had earned $12,000 of unpaid and unrecorded salaries. The next payday is January 3, at which time $30,000 will be paid. Prepare the January 1 journal entry to reverse the effect of the December 31 salary expense accrual.
A. Debit Salaries payable $12,000, credit Salaries expense $12,000. B. Debit Salaries expense $18,000; credit Salaries payable $18,000. C. Debit Salaries expense $12,000; credit Salaries payable $12,000. D. Debit Salaries expense $18,000; debit Salaries payable $12,000; credit Cash $30,000. E. Debit Salaries payable $18,000; credit Cash $18,000.
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Indicate whether the statement is true or false
Which of the following statements is CORRECT?
A. If the risk-free rate rises, then the market risk premium must also rise. B. If a company's beta is halved, then its required return will also be halved. C. If a company's beta doubles, then its required return will also double. D. The slope of the security market line is equal to the market risk premium, (rM? rRF). E. Beta is measured by the slope of the security market line.
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