According to recent data from the Nielsen research firm, 60 percent of consumers researching products through online sources learned about a specific brand or retailer from
A. a search engine.
B. a product comparison website.
C. the company webpage.
D. a newspaper website.
E. a social networking site.
Answer: E
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Exhibit 22-1 On January 1, 2016, the Chrissy Company purchased a machine for $450,000 with an estimate useful life of six years and a $30,000 salvage value. Straight-line depreciation was used for financial reporting purposes and MACRS depreciation for income tax reporting. Effective January 1, 2018, Chrissy switched to the double-declining-balance depreciation method for financial statement
reporting but not for income tax purposes. Chrissy can justify the change. ? Refer to Exhibit 22-1. Assuming an income tax rate of 35%, what is the amount of cumulative effect change reported in Chrissy's 2018 income statement ? A) $0 B) $77,000 C) $93,333 D) $110,000
Freezing the design as late as possible is a common characteristic of the agile project management model.
Answer the following statement true (T) or false (F)
What is an exculpatory clause?
a. A requirement that the company pay the legal fees of directors who are sued for actions taken on behalf of the company b. A provision that if a party enters into a contract believing in good faith that the corporation exists, he cannot later take advantage of the fact that it does not c. A requirement that a corporation cannot undertake any transaction unless the charter permits it d. A provision that protects directors from personal liability to the corporation and its shareholders
Rita, a minor, misrepresents her age as twenty-one and signs a contract with Sporty Motors to buy a sport utility vehicle (SUV. In most states, Rita may
a. ?disaffirm the contract. b. ?not disaffirm the contract due to the misrepresentation. c. ?disaffirm the contract only if she makes full payment. d. ?disaffirm the contract only if she returns the SUV in good condition.