Injunctive relief is a common remedy under the Lanham Act
Indicate whether the statement is true or false
True
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Wagner's Bookstore acquires a 6% $12,000 certificate of deposit on September 1 . The term of the CD is six months. At that time, all principal and accrued interest will be paid in cash. Indicate the effect on the financial statements at December 31
a. Interest Receivable increases $240, Interest Revenue increases $240 b. Interest Receivable increases $360, Interest Revenue increases $360 c. Interest Receivable increases $480, Interest Revenue increases $480 d. Interest Receivable increases $720, Interest Revenue increases $720
Lakeland Chemical manufactures a product called Zing. Direct materials are added at the beginning of the process, and conversion activity occurs uniformly throughout production. The beginning work-in-process inventory is 60% complete with respect to conversion; the ending work-in-process inventory is 20% complete. The following data pertain to May: Units Work in process, May 1 15,000 Units started during May 60,000 Units completed and transferred out 68,000 Work in process, May 31 7,000 Total Direct Materials Conversion CostsCosts: Work in process, May 1$41,250 $16,500 $24,750 Costs incurred during May 234,630 72,000 162,630 Totals$275,880 $88,500 $187,380 Using the weighted-average method of process costing, the cost per unit
of direct materials is: A. $1.17. B. $1.20. C. $1.18. D. $1.28. E. None of the answers is correct.
Under the general rule of revenue recognition, revenue is recognized when
a. marketability and market price are assured. b. a contractual agreement exists, and cash collection is assured. c. the earnings process is complete, and a valid promise of payment has been received. d. all related expenses have been incurred.
________ is the process through which the market offering is positioned in the consumer's mind to produce a perception of advantage
A) Brand knowledge B) Brand equity C) Brand alliance D) Brand categorization E) Brand strategy