If a business has total gross profit of $14,720 and total operating costs of $11,500, what is its net profit?
A. $3,000
B. $3,220
C. $1,150
D. $0
Answer: B
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Explain why goodwill messages are important, and then describe at least two characteristics of effective goodwill messages
What will be an ideal response?
Define what is meant by consumer penalties and provide reasons why companies would impose them on consumers.
What will be an ideal response?
Warranty liability applies to persons who:
a. transfer an instrument. b. obtain payment or acceptance of an instrument. c. have signed the instrument, but not on those who have not signed. d. All of these. e. Both transfer an instrument and obtain payment or acceptance of an instrument are correct.
Which of the following statements is MOST correct concerning flotation costs?
A) Flotation costs are the same for common stock, preferred stock and bonds because they reflect mainly printing costs and legal fees. B) Flotation costs are higher for common stocks than for preferred stocks and bonds due to the higher level of risk associated with owning common stock. C) Flotation costs are generally higher for bonds rather than stocks because the dollar amounts involved are much higher, allowing for economies of scale. D) Flotation costs as a percentage of gross proceeds increase as the size of the security issue increases.