When the detailed opinions of a few industry experts or experienced consumers are needed, ________ is(are) often the best qualitative research method.
A. in-depth interviews
B. observation
C. surveys
D. secondary data mining studies
E. social media studies
Answer: A
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Trading debt investments are classified on the balance sheet as ________.
A) current or long-term assets, depending on how long the investor intends to hold the debt securities B) current assets C) intangible assets D) current liabilities
A company that uses the net method of recording purchases and a perpetual inventory system purchased $2100 of merchandise on July 5 with terms 3/10, n/30. On July 7, it returned $300 worth of merchandise. On July 28, it paid the full amount due. The correct journal entry to record the payment on July 28 is:
A. Debit Accounts Payable $2100; credit Cash $2100. B. Debit Merchandise Inventory $1800; credit Cash $1800. C. Debit Cash $1800; credit Accounts Payable $1800. D. Debit Accounts Payable $1746; debit Discounts Lost $54; credit Cash $1800. E. Debit Accounts Payable $1800; credit Merchandise Inventory $54; credit Cash $1746.
All of the following are characteristics of a closely held corporation EXCEPT:
a. the shares are publicly traded. b. the corporation can typically operate without a board of directors. c. the shareholders usually restrict share transfer. d. minority shareholders are provided more protection than in regular corporations.
In the context of the capital structure of a firm, which of the following statements is true of equity financing?
A. It is less flexible than debt financing. B. It is less risky than debt financing. C. It requires firms to agree to burdensome covenants. D. It yields the same tax benefits as debt financing.