A market-based management system views customers as lifetime partners
Indicate whether the statement is true or false
TRUE
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The income an investor receives in some period divided by the value of the security at the beginning of that period is known as ________ yield.
A. capital-gains B. expected C. current D. realized
Which of the following is true concerning goodwill?
A. Goodwill is recorded when a company is purchased for more than the fair value of its identifiable net assets. B. Goodwill is recorded when the market value of a company exceeds the fair value of its identifiable net assets. C. Goodwill is recorded as a revenue in the income statement. D. Goodwill can never be recorded.
Which of the following statements is not true of communicating through audiences, specifically the media?
A. Tough negotiators use the media to communicate their concession making and flexibility to their own constituency. B. Media relations and image management may lead to positive public opinion and pressure on the other party to concede. C. When negotiators address their arguments to audiences rather than to one another, the media serves as both an audience and a communication vehicle to reach other audiences. D. All of these statements are true of communicating through the media.
On January 1, a company issues bonds dated January 1 with a par value of $300,000. The bonds mature in 5 years. The contract rate is 9%, and interest is paid semiannually on June 30 and December 31. The market rate is 8% and the bonds are sold for $312,177. The journal entry to record the first interest payment using the effective interest method of amortization is:
A. Debit Bond Interest Expense $14,717.70; credit Premium on Bonds Payable $1,217.70; credit Cash $13,500.00. B. Debit Interest Payable $13,500; credit Cash $13,500.00. C. Debit Bond Interest Expense $12,282.30; debit Premium on Bonds Payable $1,217.70; credit Cash $13,500.00. D. Debit Bond Interest Expense $12,487.08; debit Premium on Bonds Payable $1,012.92; credit Cash $13,500.00. E. Debit Bond Interest Expense $12,487.08; debit Discount on Bonds Payable $1,012.92; credit Cash $13,500.00.