A control security is stock which gives the owner a controlling interest in the company
a. True
b. False
Indicate whether the statement is true or false
False
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________ are products such as the Mercedes Benz C-class and the American Express Blue card, that
extend historically high-priced brands down-market while retaining their cachet. A) Hourglass products B) Mass market products C) Old Luxury brand extensions D) Masstige goods E) Accessible superpremium products
An old factory was converted into condominiums on the top six floors, a health club on the fourth floor, offices on floors two and three, and specialty shops and restaurants on the ground floor. This would be an example of a(n)
A. super regional mall. B. multiformat development. C. omnicenter. D. mixed-use development. E. theme/festival center.
A ________ gives a complete chronological record of each transaction in one place, and shows debits and credits for each transaction.
Fill in the blank(s) with the appropriate word(s).
Garcia Industries has sales of $187,500 and accounts receivable of $18,500, and it gives its customers 25 days to pay. The industry average DSO is 27 days, based on a 365-day year. If the company changes its credit and collection policy sufficiently to cause its DSO to fall to the industry average, and if it earns 8.0% on any cash freed up by this change, how would that affect its net income, assuming other things are held constant? Assume all sales to be on credit. Do not round your intermediate calculations.
A. $333.37 B. $311.15 C. $370.41 D. $422.27 E. $459.31