In an advertisement, FreshAir, Inc stated that its air freshener lasted for 3 hours while the competitor's Smell Sweet lasted for only 36 minutes. In fact, Smell Sweet freshens the air for more than 2 hours. FreshAir has not violated the Lanham Act because the First Amendment's guarantee of freedom of speech applies
a. True
b. False
Indicate whether the statement is true or false
False
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In a short essay, discuss analysis of variance and list at least three questions that relate to the examination of the differences in the mean values of more than two groups
What will be an ideal response?
The reinforcement theory says that people are motivated
A. by receiving promotions. B. by receiving a reward in accordance with their performance. C. by receiving rewards or punishment based on their behavior. D. only by their achievements. E. by receiving primarily negative reinforcement.
Describe the sales transaction audit trail from the point of sale to the general ledger posting to the consolidated sales accounts at the corporate office. Be sure to emphasize which aspects of the audit trail are in paper or electronic form.
What will be an ideal response?
Wichita Industries' sales are 10% cash and 90% on credit. Credit sales are collected as follows: 30% in the month of sale, 50% in the next month, and 20% in the following month. On December 31, the accounts receivable balance includes $12,000 from November sales and $42,000 from December sales. Assume that total sales for January are budgeted to be $50,000. What are the expected cash receipts for January from the current and past sales?
A) $18,500. B) $51,500. C) $51,900. D) $55,500. E) $60,500.