Which of the following statements about how advertising affects price is most likely true?
A. Advertising has had a significant impact on the prices charged by utilities.
B. The amount typically spent on advertising is large compared with the total cost of the product.
C. Advertising has a strong effect on the price of agricultural products, such as soybeans.
D. The consumer who buys the product pays for the advertising.
E. Advertising always increases the price of a product.
Answer: D
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Genuine Parts received a promissory note from a customer on March 1, 2016 . The face amount of the note is $8,000; the terms are 90 days and 9% interest. At the maturity date, the customer pays the amount due for the note and interest. What entry is required on the books of Genuine Parts on the maturity date assuming none of the interest had already been recognized?
a. Increase Cash, $8,000, and decrease Notes Receivable $8,000 b. Increase Cash, $8,180, increase Interest Revenue, $180, and decrease Notes Receivable, $8,000 c. Increase Cash $8,720, decrease Notes Receivable $8,000, and increase Interest Revenue, $720 d. No entry is required; the customer pays the amount due to the bank
Avoidable costs are the direct variable costs and direct fixed costs traceable to the segments
Indicate whether the statement is true or false
Phoenix Automated Retail Services specializes in DVD rentals via automated retail kiosks. If consumers want a particular DVD, they can rent it from Phoenix instead of searching for it in various production studios
Phoenix therefore provides__________for both consumers and the production studios. Fill in the blanks with correct word.
Choose the correct number form or capitalization choice in parentheses. I was (20, twenty) minutes early for my (3, three) o'clock appointment with the recruiter