Which method sums the outstanding balances owed each day during the billing period and divides by the number of days in the period?
A) Average daily balance
B) Previous balance
C) Adjusted balance
D) Balance calculation method
E) Simple interest
Answer: A
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The creation of significant brand equity involves reaching the top or pinnacle of the brand pyramid. What are the six components of the brand resonance pyramid?
What will be an ideal response?
_____ have sole voting rights, are owned by the persons who started the company, and generally pay only restricted dividends (if any) for a specified number of years.
A. Preferred shares B. Ordinary common shares C. Founders' shares D. Convertible shares E. Retained shares
Estella is trying to create an advertising message that communicates the tangible features of her company's laptop computers, telling consumers about the relative advantages of her products as compared to other offerings in the market. Estella is trying to create a(n) ________ appeal.
A. reminder B. niche marketing C. informational D. emotional E. institutional
Sanderling Corporation issued $400,000 of 5-year, 6% bonds at face value on August 1, Year 1. Interest is paid annually on July 31. The company has a calendar year-end.Required:a) Prepare the journal entry to record the issuance of the bonds.b) Prepare the adjusting entry required on December 31, Year 1. (Hint: Consider the interest that is owed to bondholders on this date.)c) Prepare the journal entry to record the first interest payment on July 31, Year 2.
What will be an ideal response?