Gravel Manufacturing had supplies on hand costing $480 on December 31. During the same year, supplies costing $320 were purchased, and $640 in supplies were consumed during the year. What was the cost of supplies on hand on January 1 of that year?
($480 + $640 - $320 ) = $800
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If a marketing manager observes that a competitor has increased his price and decreased his marketing budget, it would be an example of which of the following?
A) price differentiation B) a retreat, although only temporary C) aggressive competition for market share D) quality differentiation
Bruno deposited $7,500 into an investment account and seven years later, the balance in the account was $10,910. What is the rate of return on this investment if interest is compounded annually?
A) ?45.5% B) ?6.5% C) ?6.0% D) ?5.5%
Which of the following is an example of a personal force that could influence consumers' buying behaviors?
A. Gender B. Friends C. Perception D. Attitudes and beliefs E. Social class
Write the accounting equation. Then define each term.
What will be an ideal response?