Public relations is incapable of reaching prospects who prefer to avoid mass media and targeted promotions
Indicate whether the statement is true or false
FALSE
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A corporation dealing in foreign exchange may desire to obtain an exchange quote between the pound and franc, whose values are both expressed relative to the dollar. ____ are used to determine such a relationship.
a. Spot exchange rates b. Forward exchange rates c. Cross exchange rates d. Option exchange rates
A bank loaned Darden Company $10,000 on a 1-year, 6% note, but deducted the interest in advance. The journal entry made by Darden to record receipt of the cash would include a
a. an increase in Cash for $9,400 b. an increase in Cash for $600 c. a decrease in Notes Payable for $10,600 d. a decrease in Notes Payable for $9,400
Partnership income can be divided solely on the basis of salaries or interest
Indicate whether the statement is true or false
The Magazine Division of Continental Publishing Company had the following financial data for the year: Assets available for use $1,000,000 Book Value $1,500,000 Market Value Residual income $100,000 Return on investment 15% Refer to Continental Publishing Company. What was the target rate of return for Continental Publishing Company?
a. 10% b. 15% c. 25% d. 5%