Licensors must be careful that a licensee ________.
A. franchises the brand to as many others as possible
B. doesn't damage the licensing company's name
C. controls every aspect of the licensor's business
D. doesn't fail to pay royalties
Answer: B
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McDonald's global marketing chief, staged a competition that included agencies from all over the world. "i'm lovin' it" tagline was devised by a(n) ________ agency
A) Egyptian B) American C) Turkish D) Chinese E) German
In the accounting cycle, closing entries are prepared before adjusting entries
Indicate whether the statement is true or false
Kilduff Corporation's balance sheet and income statement appear below:Comparative Balance Sheet Ending BalanceBeginning BalanceAssets: Cash and cash equivalents$36 $38 Accounts receivable 36 32 Inventory 49 55 Property, plant and equipment 707 580 Less accumulated depreciation 316 315 Total assets$ 512 $ 390 Liabilities and stockholders' equity: Accounts payable$71 $64 Accrued liabilities 22 19 Income taxes payable 34 41 Bonds payable 71 100 Common stock 32 30 Retained earnings 282 136 Total liabilities and stockholders' equity$ 512 $ 390 Income StatementSales$ 1,174Cost of goods sold 771Gross margin403Selling and administrative expense 146Net operating income257Gain on sale of plant and equipment
14Income before taxes271Income taxes 81Net income$ 190The company sold equipment for $19 that was originally purchased for $10 and that had accumulated depreciation of $5. The company paid a cash dividend of $44 and it did not issue any bonds payable or repurchase any of its own common stock.The net cash provided by (used in) financing activities for the year was: A. $2 B. $(44) C. $(71) D. $(29)
Pro forma sources and applications of funds summarizes all the projected sources of funds available to the venture and how these funds will be disbursed.
Answer the following statement true (T) or false (F)