Scott Paper uses many intermediaries to reach its target markets; Citibank uses none. Which of the marketing mix variables is being considered here?
A. Promotion
B. Product
C. Place
D. Penetration
E. Price
Answer: C
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Which method of determining interest provides the least interest amount?
A) LIFO B) FIFO C) Day-of-deposit-day-of-withdrawal D) You can't tell without more information.
All of the following statements regarding accounting treatments for liabilities under U.S. GAAP and IFRS are true except:
A. Both U.S. GAAP and IFRS require companies to distinguish between operating leases and finance leases. B. Accounting for bonds and notes under U.S. GAAP and IFRS is similar. C. Use of the fair value option to account for bonds and notes is not acceptable under U.S. GAAP or IFRS. D. Both U.S. GAAP and IFRS require companies to record costs of retirement benefits as employees work and earn them. E. The criteria for identifying a lease as a finance lease are more general under IFRS.
Coulter Company is studying a capital project that will produce $600,000 of added sales revenue, $400,000 of additional cash operating expenses, and $50,000 of depreciation. Assuming a 30% income tax rate, the company's after-tax cash inflow (outflow) is:
A. $125,000. B. $105,000. C. $155,000. D. $175,000. E. None of the answers is correct.
The amount of cash reported in a company's balance sheet includes the balance of accounts receivable if cash collection is highly likely in the near future.
Answer the following statement true (T) or false (F)