How do marketers of free smartphone apps make their products profitable?
What will be an ideal response?
Developers of such apps monetize their products by using in-app advertising that creates revenue and entertains and engages the user.
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How does the payment of cash dividends to stockholders affect the accounting equation? Is it considered an asset source, asset use, or asset exchange transaction?
What will be an ideal response?
Park Co.'s wholly-owned subsidiary, Schnell Corp., maintains its accounting records in German marks. Because all of Schnell's branch offices are in Switzerland, its functional currency is the Swiss franc. Remeasurement of Schnell's 20X1 financial statements resulted in a $7,600 gain, and translation of its financial statements resulted in an $8,100 gain. What amount should Park report as a foreign exchange gain in its income statement for the year ended December 31, 20X1?
A. $15,700 B. $8,100 C. $7,600 D. $0
Which of the following is true for Gen Y workers?
A. They are accepting of the prevailing order and style of working and easily fit into it. B. They have a deep-seated need for boundaries and structure and dislike multitasking. C. They are dedicated workers and follow office rules and dress codes strictly. D. They are knowledgeable and willing workers, but do not compromise on their personal lives.
options on common stocks represent ________-term claims on the underlying stock.
Fill in the blank(s) with the appropriate word(s).