One purpose of financial statement analysis for internal users is to provide information to improve efficiency and effectiveness.

Answer the following statement true (T) or false (F)


True

Business

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A company issued 4,000 shares of $5 par common stock for $30 per share. The company purchased 1,200 shares as treasury stock at $32 per share. Later, the company reissued 400 shares of the treasury stock at $34 per share. Which of the following is true?

a. The Treasury Stock account should have a balance of $25,600. b. The company has a gain of $800 that should appear on the income statement. c. The Treasury Stock account should have a balance of $24,800. d. The company has a gain of $1,600 that should appear on the income statement.

Business

An implied-in-law contract is a contract in which agreement between parties has been inferred from their conduct

Indicate whether the statement is true or false

Business

An implied-in-fact contract is one based on the conduct of the parties

Indicate whether the statement is true or false

Business

What term refers to the controllable variables the company puts together to satisfy a target group?

A. marketing strategy B. marketing mix C. direct marketing D. target marketing E. mass marketing

Business