Jenny runs a produce stand in an inner-city neighborhood. With the recent layoffs, she has become popular because she gives her day-old produce to the local charity. Which of the following benefits does Jenny gain by donating produce to the local charity?
A. She needs to allocate separate space for her clearance merchandise.
B. It offers her strong public relations benefits.
C. It requires extra record keeping and transportation costs.
D. The keystone price can be deducted from her income.
E. She can recover a small percentage of the merchandise's cost.
Answer: B
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a. Board of directors b. Stockholders in the company c. Holders of the company's bonds d. Creditors with long-term contracts with the company
Which of the following is NOT a need according to Maslow’s hierarchy of needs?
a. Safety b. Love and belonging c. Money d. Esteem
Pricing the basic product in a product line low while pricing related items at a higher level is called
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Caitlin, Chris, and Molly are partners and share income and losses in a 3:4:3 ratio. The partnership's capital balances are Caitlin, $123,000; Chris, $83,000; and Molly, $103,000. Paul is admitted to the partnership on July 1 with a 10% equity and invests $63,000. The balance in Paul's capital account immediately after his admission is:
A. $37,200 B. $108,800 C. $57,200 D. $309,000 E. $166,000