Customizable links to which of the 4Ps of marketing?
a. place
b. product
c. price
d. promotion
ANSWER: c
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Taxpayers are generally allowed to claim deductions for expenditures unless a specific tax provision indicates the expenditure is not deductible.
Answer the following statement true (T) or false (F)
Which of the following statements is CORRECT?
A. If a security analyst saw that a firm's days' sales outstanding (DSO) was higher than the industry average and trending still higher, this would be interpreted as a sign of strength. B. A high average DSO indicates that none of the firm's customers are paying on time. In addition, it makes no sense to evaluate the firm's DSO with the firm's credit terms. C. There is no relationship between the days' sales outstanding (DSO) and the average collection period (ACP). These ratios measure entirely different things. D. A reduction in accounts receivable would have no effect on the current ratio, but it would lead to an increase in the quick ratio. E. If a firm increases its sales while holding its accounts receivable constant, then its days' sales outstanding will decline, other things held constant.
An accord and satisfaction is used to discharge an unliquidated debt.
Answer the following statement true (T) or false (F)
During December, Hynes Corporation plans to serve 35,000 customers. Revenue is $2.00 per customer served. Wages and salaries are $24,600 per month plus $0.50 per customer served. Supplies are $0.30 per customer served. Insurance is $5,400 per month. Miscellaneous expenses are $4,100 per month plus $0.10 per customer served.Required:Prepare the company's planning budget for December.
What will be an ideal response?