Research shows that structure has a more important influence on strategy than the reverse.
Answer the following statement true (T) or false (F)
False
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Which of the following is true about a pull communication strategy?
A) It uses uses channel marketing instead of direct marketing. B) It is directed at end-users. C) It uses tools such as sales incentives and co-op advertising. D) It motivates retailers to carry a particular product or brand. E) It aims to build the interest, purchase, inventory, and marketing efforts of its intermediaries.
Which of the following methods of sales forecasting uses the averages of historical sales figures to make a forecast?
A) econometric models B) leading average C) linear extrapolation D) moving average
Recording an expense to conceal fraud involves making a fictitious journal entry. A faulty journal entry is an example of which fraud symptom?
a. Accounting anomaly b. Internal control weakness c. Unusual behavior d. Analytical anomaly
The treasurer for Chic Man Clothing must decide how much money the company needs to borrow in July. The
balance sheet for June 30, 2010 is presented below: Chic Man Clothing Balance Sheet June 30, 2010 Cash $87,000 Accounts payable $550,000 Marketable securities 123,000 Long-term debt 350,000 Accounts receivable 360,000 Common stock 130,000 Inventory 300,000 Retained earnings 270,000 Total current assets 870,000 Total liabilities and stockholders' equity 1,300,000 Fixed assets 430,000 Total assets $1,300,000 The company expects sales of $400,000 for July. The company has observed that 25% of its sales is for cash and that the remaining 75% is collected in the following month. The company plans to purchase $345,000 of new clothing. Usually 70% of purchases is for cash and the remaining 30% of purchases is paid in the following month. Salaries are $135,000 per month, lease payments are $35,000 per month, and depreciation charges are $20,000 per month. The company plans to purchase a new van for $60,000 in July and sell its marketable securities for $123,000. If the company must maintain a minimum cash balance of $25,000, how much money must the company borrow in July?