Identify and explain the four reasons, according to Uses and Gratifications Theory, that people attend to the media.
What will be an ideal response?
Entertainment--pure enjoyment; information--to gain knowledge; personal
identity--to develop or reinforce a sense of self; personal relationships--to build or
maintain relationships with others.
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Anita is a store manager who wants no employee input when she is making decisions about how the store should be operated. She prefers to make all the decisions by herself. What kind of a manager is Anita?
A. Democratic manager B. Persuasive manager C. Transformational manager D. Chaotic manager E. Autocratic manager
They agreed to admit Ramelow into the business for a one-third interest in the new partnership. Ramelow contributes $24,000 cash in exchange for the partnership interest. Floyd and Merriam share profits and losses equally before the admission of Ramelow. What is the correct capital account balance of Ramelow after he enters the business? (Do not round intermediate calculations. Round the final answer to the nearest dollar.)
Floyd and Merriam start a partnership business on June 12, 2019. Their capital account balances as of December 31, 2020 stood as follows:
A) $24,000
B) $32,000
C) $28,000
D) $55,000
Trudie Jones works for a distribution channel firm that helps several electronics companies find customers or make sales to them. Trudie works for a reseller
Indicate whether the statement is true or false
An adjustment to retained earnings as a result of a conversion of preferred stock to common stock most likely would occur when
a. par value of the preferred stock is high relative to fair value of the common stock. b. par value of the common stock is less than the book value of the preferred stock. c. par value of the common stock exceeds the book value of the preferred stock. d. par value of the preferred stock is low relative to fair value of the common.