Some critics, including consumer groups and government officials, suggest that certain products should not be promoted because they
A. cost too much.
B. are illegal.
C. are potentially harmful.
D. do not last.
E. are not competitive.
Answer: C
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Sanchez Company engaged in the following transactions during Year 1: 1) Started the business by issuing $10,700 of common stock for cash. 2) The company paid cash to purchase $6700 of inventory. 3) The company sold inventory that cost $4100 for $7900 cash. 4) Operating expenses incurred and paid during the year, $3600. Sanchez Company engaged in the following transactions during Year 2: 1) The company paid cash to purchase $9000 of inventory. 2) The company sold inventory that cost $8300 for $14,500 cash. 3) Operating expenses incurred and paid during the year, $4600. Note: Sanchez uses the perpetual inventory system.What is the amount of retained earnings that will be shown on the balance sheet at December 31, Year 2?
A. $1800 B. $1600 C. $6600 D. $9500
The financial concept of time value of money is dependent upon the opportunity to earn interest over time
Indicate whether the statement is true or false.
In the U.S., which of the following is true about Treasury instruments
A. Their income is not subject to tax at the state level B. Their income is not subject to tax at the federal level C. Both A and B are true D. They are not subject to capital gains tax at the federal level
When using Excel's BINOM.DIST function, one should choose TRUE for the fourth input if _____
a. a probability is desired b. a cumulative probability is desired c. the expected value is desired d. the correct answer is desired