Preparation of a production budget requires knowledge of the sales target in sales dollars
Indicate whether the statement is true or false
F
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Which of the following options would you choose to have if the rate of discount is 20 percent?
A. $300 in one year B. $350 in two years C. $420 in three years D. $1500 in ten years
Which of the following is a form of earned media for marketing communication messages?
A) experts providing product reviews B) celebrities endorsing products C) social network discussions about products D) company salespeople contacting target buyers E) sponsored advertisements promoting products
On January 1, 2017, Cale Corp. paid $1,020,000 to acquire Kaltop Co. Kaltop maintained separate incorporation. Cale used the equity method to account for the investment. The following information is available for Kaltop's assets, liabilities, and stockholders' equity accounts on January 1, 2017: BookValuesFairValuesCurrent assets$120,000 $120,000 Land 72,000 192,000 Building (twenty year life) 240,000 268,000 Equipment (ten year life) 540,000 516,000 Current liabilities 24,000 24,000 Long-term liabilities 120,000 210,000 Common stock 228,000 Additional paid-in capital 384,000 Retained earnings 216,000 ??Kaltop earned net income for 2017 of $126,000 and paid dividends of $48,000 during the year. ?At the end of 2017, the
consolidation entry to eliminate Cale's accrual of Kaltop's earnings would include a credit to Investment in Kaltop Co. for: A. $127,000. B. $0. C. $76,400. D. $124,400. E. $126,000.
An organization's objectives should be developed based on its mission and competitive
advantage. Indicate whether the statement is true or false