Focus groups should not be used when there is a need to have data representative of a large population
Indicate whether the statement is true or false
TRUE
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On January 1, Christopher's reported total stockholders' equity of $1,300. During the year, $50 of dividends were declared and paid, donated land with a donor book value of $14 and a current fair value of $38 was received, additional common stock was issued for $300, and treasury stock was acquired for $22. The reported total stockholders' equity at December 31 was $1,406. What was the reported
net income or loss for the year? A) $160 net income B) $136 net loss C) $160 net loss D) $260 net loss
According to the Boston Consulting Group (BCG) matrix, when both market growth and the relative market share of a product is low, it is known as a:
A) cash cow. B) dog. C) star. D) problem child.
Total payroll for a given week is $34,000. If 70 percent of the company's employees typically qualify to receive two weeks' paid vacation per year (50 weeks), the entry to record estimated liability for vacation pay for the week is
A) Estimated Liability for Vacation Pay 2,380 Cash 2,380 B) Vacation Pay Expense 1,360 Cash 1,360 C) Vacation Pay Expense 952 Estimated Liability for Vacation Pay 952 D) Cash 476 Estimated Liability for Vacation Pay 476
Which of the following is true of renter's insurance?
A) You only need to buy it if you have possessions of considerable value. B) It will not cover your liability if a picture falls off the wall and injures a guest in your apartment. C) Your renter's insurance covers only your own property, not the property of your landlord. D) Because premiums are small, most people who need it have renter's insurance.