There are products or services that can be either sold in a basic form or be processed further

Indicate whether the statement is true or false


True

Business

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Carrington, Inc recorded $97,000 in salary expense for January 2016 . Its beginning balance in salaries payable was $3,000 and its ending balance was $4,000 . How much was paid in cash for salaries during January 2016?

a. $96,000 b. $97,000 c. $98,000 d. $99,000

Business

Depreciation expense influences cash flows because it directly affects

a. the amount of income taxes paid by the company. b. cash received from revenues during the current period. c. the carrying value of the asset. d. accumulated depreciation.

Business

Briefly identify some disadvantages a company with a large and diverse business portfolio may experience

What will be an ideal response?

Business

Which of the following is NOT an element of the promotion mix?

A) public relations B) personal selling C) sales promotion D) product E) direct marketing

Business