Integrating the promotion mix starts with suppliers

Indicate whether the statement is true or false


FALSE

Business

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The principal asset of a merchandising firm will usually be accounts receivable

Indicate whether the statement is true or false

Business

If the adjustment of the unearned rent account at the end of the period to recognize the amount of rent earned is inadvertently omitted, the net income for the period will be overstated

Indicate whether the statement is true or false

Business

Lake Country Promotional Services uses a job order system for costing and billing promotional services for dance and ballet performances

Lake Country has four public relations specialists plus an office staff. At the beginning of the year, Lake Country estimated the total cost of salaries and benefits for the public relations specialists at $672,000 and a total of 7,000 billable hours for the year. The office and administrative costs were estimated at $406,000. The allocation base for office and administrative costs is billable hours. In June, Lake Country signed a contract for a Russian ballet performance. It negotiated a price of $6,500 for its services. When the job was complete, Lake Country's records showed that it had logged 38.0 billable hours. What was the amount of gross profit that Lake Country made on the job? A) $6,500 B) $3,648 C) $648 D) $2,204

Business

The Americans with Disabilities Act of 1990 requires that employers accommodate the needs of applicants or employees with disabilities who are not otherwise qualified for the work

Answer the following statement true (T) or false (F)

Business