Darlene uses her computer 75 percent of its usage time for her business and 25 percent of its usage time for personal and family purposes. Under Article 9, the computer would be classified as equipment
a. True
b. False
Indicate whether the statement is true or false
True
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The multiattribute attitude model is designed to
A. shorten the buying process by highlighting the attributes that will most likely affect the buying behavior of the targeted market. B. modify preexisting attitudes by providing customers with a list of benefits (attributes) for shopping at a particular store or buying a particular product. C. predict how a customer will evaluate a store based on its attributes and how important these attributes are to the customer. D. forecast inventory needs based on a multiple regression model. E. stratify the target market by examining customers' attributes and determine the store's or product's position in the market.
The more ______ the customer receives or expects to receive from the service, the more patiently the customer will wait.
a. attention b. value c. excuses d. focus
Return ratios are measures of the relationship between the:
A) profit earned and the investment made in the company by the various groups of creditors and investors. B) revenue earned and the total equity of a company. C) total equity of a company and its cash flows for the period. D) profitability and liquidity aspects of a company.
Erie Company reports the following comparative balance sheets and income statement information for the current year. Comparative Balance Sheets 12/31/201512/31/2016Assets Cash $90,000? $ 50,000 Accounts receivable 34,000? 18,000? Prepaid insurance 34,000? 42,000? Inventory 10,000? 26,000? Property, plant & equipment 42,000? 50,000? Total Assets $ 210,000 $186,000? Liabilities and Stockholder's Equity Accounts payable $ 50,000 $34,000? Salaries payable 18,000? 42,000? Long-term notes payable 26,000? 34,000? Common stock 22,000? 22,000? Retained earnings 94,000? 54,000? Total Liabilities and Stockholders'
Equity $ 210,000 $186,000? 2016 Income StatementRevenue$290,000? Cost of goods sold (162,000)? Gross margin 128,000? Operating expenses (82,000)? Net income$46,000? Assuming accounts payable is used for inventory purchases only, what was the amount of cash paid for inventory purchases during the year? A. $34,000 B. $194,000 C. $162,000 D. $178,000