Any natural person having full capacity may enter a partnership
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following describes a standard test market?
A) It is one in which the firm tests the product or marketing-mix variables through the company's normal distribution channels. B) It is conducted by outside research firms that guarantee distribution of the product through prespecified types and numbers of distributors. C) It includes a panel of consumers that has agreed to carry identification cards that each consumer presents when buying goods and services. D) A limited amount of data on consumer response to a new product is fed into a model containing certain assumptions regarding planned marketing programs, which generates likely product sales volume. E) none of the above
Reynolds Company experienced an accounting event that affected its financial statements as indicated below:Assets=Liab.+EquityRev.?Exp.=Net Inc.Stmt ofCash Flows+ NA ++ NA ++OAWhich of the following accounting events could have caused these effects on the elements of Reynolds' statements?
A. Paid a cash dividend. B. Earned cash revenue. C. The information provided does not represent a completed event. D. Borrowed money from a bank.
The vision statement is ______.
A. a description of an ideal future B. a written document that summarizes fund-raising goals C. no longer considered necessary for strategic planning D. how the chief executive officer envisions subordinates should act
Bradley Corporation has three production departments A, B, and C. Bradley Corporation also has two service departments, Administration and Personnel. Administration costs are allocated based on value of assets employed, and Personnel costs are allocated based on number of employees. Assume that Administration provides more service to the other departments than does the Personnel Department. Dept
Direct Costs Employees Asset Value Admin. $900,000 25 $450,000 Personnel 350,000 10 600,000 A 700,000 15 300,000 B 200,000 5 150,000 C 250,000 10 800,000 Refer to Bradley Corporation. Using the direct method, what amount of Personnel costs is allocated to B (round to the nearest dollar)? a. $50,000 b. $43,750 c. $26,923 d. $58,333