A popular television show, The Unexpected, achieved skyrocketing ratings after moralist Tom Bowman attempted to have it removed from the air. This is an example of mass selling through
A. unethical means.
B. advertising.
C. media hype.
D. personal selling.
E. publicity.
Answer: E
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Utah Co sold merchandise to Big Sky Corp on December 1, 2014, for $9,000, and accepted a promissory note for payment in the same amount. The note has a term of 90 days and a stated interest rate of 8%. Utah's accounting period ends on December 31 . What amount should Utah recognize as interest revenue on the maturity date of the note?
a. $ -0- b. $ 60 c. $120 d. $180
The face rate is also called the nominal or stated rate
a. True b. False Indicate whether the statement is true or false
Which of the following is not true regarding Accounting Series Release No. 4?
a. It stated that financial statements filed with the SEC and prepared in accordance with accounting principles for which there is no substantial authoritative support would be presumed to be misleading. b. It implied that the SEC might in the future determine acceptable accounting practices and mandate methods to be used in reports filed with it. c. It established an authoritative body for the development of accounting standards. d. It indicated that the SEC was growing impatient with the accounting profession.
Conflict occurs whenever
A) you are experiencing stress. B) two sets of demands are incompatible. C) you deal with coworkers. D) your job is demanding.