Mike has an annual income of $1 million. Fernanda has an annual income of $100,000. Their buying behaviors differ because of their ability to buy, called their ___, which is largely determined by income.
A. buying power
B. organization power
C. income power
D. super powers
Answer: A
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Today's retailers increasingly adopt environmentally sustainable practices. Which of the following is NOT one of these practices?
A) working with channel partners to reduce their environmental impact B) cutting back on recycling programs C) greening up their stores and operations D) launching programs to help customers be more responsible E) promoting more environmentally responsible products
Amazon's tendency to reinvest a large share of its profits into new services and capabilities exemplifies a low level of resource flows.
Answer the following statement true (T) or false (F)
Internal Revenue Code Section 61 provides an inclusive list of all possible items taxed under the Code.
Answer the following statement true (T) or false (F)
On December 1, Milton Company borrowed $300,000, at 8% annual interest, from the Tennessee National Bank. Interest is paid when the loan matures one year from the issue date. What is the adjusting entry for accruing interest that Milton would need to make on December 31, the calendar year-end?
A. Debit Interest Expense, $24,000; credit Interest Payable, $24,000. B. Debit Interest Expense, $2,000; credit Interest Payable, $2,000. C. Debit Interest Payable, $2,000; credit Interest Expense, $2,000. D. Debit Interest Expense, $4,000; credit Interest Payable, $4,000. E. Debit Interest Expense, $2,000; credit Cash, $2,000.