Journals are sometimes called books of original entry because transactions are recorded in journals before amounts are entered into the ledger.
Answer the following statement true (T) or false (F)
True
This is true. Transactions are first recorded in the journal, and then posted to the ledger.
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The decline in effectiveness of mass-media advertising has led marketers to shift efforts to:
A) using advertising agencies B) creating brand parity C) trade promotions D) micro-marketing
Iconoclastic names:
A) reveal what the company does B) capture the essence of the idea behind the brand C) contain recognizable words or word parts that imply what the company is about D) do not reflect the company's goods or services, but instead something that is unique, different, and memorable
Benjamin Co. has three products A, B, and C, and its fixed costs are $69,000. The sales mix for its products are 3 units of A, 4 units of B, and 1 unit of C. Information about the three products follows:?ABCProjected sales in dollars…………$192,000$192,000$64,000Selling price per unit………………$40$30$40Contribution margin ratio………… 30% 35% 35%(a) Calculate the company's break-even point in composite units and sales dollars.(b) Calculate the number of units of each individual product to be sold at the break-even point.
What will be an ideal response?
The power to take private property for public use is one of the inherent powers of government both in the U.S. Constitution and in state constitutions. This is known as the power of ________
a. affirmative covenant b. eminent domain c. restrictive covenant d. easement