In a _____ structure, production, sales, and marketing are decentralized and financial management remains the parent company's responsibility
a. global c. transnational
b. universal d. multinational
D
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For consumer-product companies that are the heaviest users of advertising and promotion, there has been a significant shift over time away from promotion toward media advertising
Indicate whether the statement is true or false
If a portfolio manager had to estimate the fair value of real estate, which of the following would he/she most likely identify as the level of inputs to determine this?
a. Level 1. b. Level 2. c. Level 3. d. None of these.
On April 1, Year 1, Colonial Bookstore bought an insurance policy costing $24,000 that would insure the retail building for two years against fire loss. What asset account and what amount are recorded on the balance sheet at December 31, Year 1?
a. Prepaid Insurance, $15,000 b. Insurance Expense, $15,000 c. Prepaid Insurance, $9,000 d. Insurance Expense, $9,000 e. Prepaid Insurance, $12,000
Zero, Inc purchased equipment at the beginning of 2011 for $200,000. Zero decided to depreciate the equipment over a 5-year period using the double-declining-balance method. Zero estimated the equipment's salvage value at $20,000. Which of the following statements is correct concerning Zero's financial statements at December 31, 2011?
A) The book value of the equipment is $120,000. B) The book value of the equipment is $80,000. C) The total accumulated depreciation is $90,000. D) Depreciation expense for 2011 is $72,000.