Maggie Stern started a consulting business, Stern Consulting, on January 1, Year 1. The following events occurred in Year 1:1) Acquired $9,000 cash by issuing common stock2) Provided services on account, $27,5003) Paid cash for $13,500 in operating expenses4) Collected $11,000 of the revenue that was previously recorded on account5) Paid a cash dividend of $5,000 to the stockholdersRequired:a) Show the effects of the above transactions on the accounting equation. 
b) Prepare an income statement and statement of cash flows for Year 1.
What will be an ideal response?
b)
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The development of marketing programs that create interplay between consumers and businesses rather than simply sending messages to potential customers is:
A) direct marketing B) interactive marketing C) viral marketing D) cross selling
A mother of six school-aged children buying two gallons of milk on the way home from work would most likely be making a(n) ________ buying decision.
A. unconscious B. high-involvement C. limited D. extensive E. routine
Retailers generally have a much lower degree of conversion than do manufacturing or professional firms
Indicate whether the statement is true or false
Which of the following methods would be appropriate for developing skills in revenue management, as discussed in the text?
A. behavioral modeling B. self-directed learning C. group-building methods D. apprenticeship