Personal selling is characterized by highs and lows. Carefully prepared records can serve as a ________.
Fill in the blank(s) with correct word
Ans: Carefully prepared records serve as a reality check to help analyze the reason for a sales slump
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When cash collectibility is uncertain, a firm using the ____________________ method recognizes revenue as it collects portions of the selling price in cash
Fill in the blank(s) with correct word
In an after-the-fact examination of a situation, we can confidently rule out all other causal factors
Indicate whether the statement is true or false
Annual and quarterly financial reports are both examples of ________ activities
A) lobbying B) corporate identity C) sponsorship D) investor relations E) media relations
A company enters into a futures contract with the intent of hedging an expected purchase of some equipment from a German company for DM350,000 on December 31 . The contract requires that if the U.S. dollar value of DM700,000 is greater than $350,000 on December 31 . the company will receive the difference. Alternatively, if the U.S. dollar value is less than $350,000, the company will pay the
difference. Which of the following statements is correct regarding this contract? a. The Deutsche mark futures contract effectively hedges against the effect of exchange rate changes on the U.S. dollar value of the Deutsche mark commitment. b. The futures contract exceeds the amount of the commitment and thus hedges movements in the Deutsche mark exchange rate. c. The futures contract is a contract to sell Deutsche marks at a fixed price. d. The extra DM350,000 would be accounted for as a speculative investment.