Contests and coupons given to consumers are good examples of sales promotion.
Answer the following statement true (T) or false (F)
True
Sales promotion may be aimed at consumers, at intermediaries, or at a firm's own employees. Contests and coupons are good examples of sales promotion.
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Which permits a secured lender to recover other property or income from a defaulting debtor if the collateral is insufficient to repay the unpaid loan?
A) Redemption right B) Deficiency judgment C) Disposition of collateral D) Retention of collateral
Carpark Services began operations in 20X1 and maintains long-term investments in available-for-sale debt securities. The year-end cost and fair values for its portfolio of debt securities follows. The year-end adjusting entry to record the unrealized gain/loss at December 31, 20X2 is:Available-for-Sale SecuritiesCost Fair ValueDecember 31, 20X1$265,000? $253,000?December 31, 20X2$352,000? $366,000?
A. Debit Fair Value Adjustment - Available-for-Sale (LT) $14,000; Credit Unrealized Loss - Equity $14,000. B. Debit Fair Value Adjustment - Available-for-Sale (LT) $14,000; Credit Unrealized Gain - Equity, $14,000. C. Debit Fair Value Adjustment - Available-for-Sale (LT) $26,000; Credit Unrealized Loss - Equity $12,000; Credit Unrealized Gain - Equity, $14,000. D. Debit Fair Value Adjustment - Available-for-Sale (LT) $26,000; Credit Unrealized Gain - Equity $12,000. E. Debit Unrealized Gain - Equity $14,000; Credit Fair Value Adjustment - Available-for-Sale (LT) $14,000.
A retailer that buys from a rack jobber needs to have an employee who is a specialist in the products the rack jobber handles.
Answer the following statement true (T) or false (F)
You discover personal property that is not yours. Which legal classification of the discovered
a. property is most likely to allow you to be the new owner? b. lost c. mislaid d. stolen e. abandoned