Electronic retailing includes the 24 hour, shop-at-home television networks and online retailing.
Answer the following statement true (T) or false (F)
True
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Mercedes Company paid $20,000,000 to acquire 100% of the outstanding common stock of Benz Incorporated on January 1, 2018. The book value of Benz's net assets on the date of acquisition was $17,000,000. Benz's buildings were undervalued by $1,500,000 as of January 1, 2018; the buildings had a ten-year remaining life as of the date of acquisition. There are no other book-to-fair value differences for the other assets and liabilities of Benz. Mercedes retained earnings as of January 1, 2018 was $5,750,000, while Benz reported retained earnings of $3,175,000. Mercedes net income was $1,750,000 during 2018 and was $2,035,000 during 2019; the 2018 and 2019 net income amounts did not include any amounts pertaining to the Benz investment. Benz's retained earnings increased $1,050,000 from
January 1, 2018 to December 31, 2019 even though Benz declared $225,000 of dividends during that two-year period.Required:Determine the December 31, 2019 consolidated retained earnings balance. What will be an ideal response?
How can companies help marketers act ethically when faced with ethical dilemmas?
What will be an ideal response?
________ helps to overcome barriers such as increased regulation, rising research and development costs, and shortened product lifestyles, which is why the use of this market-entry strategy has increased significantly in recent years.
Fill in the blank(s) with the appropriate word(s).
Accruals represent a form of:
A. adjustable-rate debt because a varying rate of interest is paid on the outstanding balance (amount). B. expensive debt because high rates of interest are paid on the outstanding balance. C. cheap debt because low rates of interest are paid on the outstanding balance. D. free debt because no explicit interest is paid on the outstanding balance. E. fixed-rate debt because a fixed rate of interest is paid on the outstanding balance.