Which of the following is essential when determining product design and branding for an international market?
A) identifying price point
B) understanding of culture and regulation
C) understanding the need for customer support
D) recognizing language differences
E) identifying the available local talent
Answer: B
Explanation: Understanding a country's regulations, culture, and local competition is essential to making smart product design and branding decisions.
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On November 1, 2014, Chancellor Co borrowed $80,000 from State Bank and signed a 12%, six-month note payable, all due at maturity. The interest on this loan is stated separately. At December 31, 2014, the adjusting entry for this note includes a:
a. Debit to Interest Expense for $3,200. b. Credit to Notes Payable for $1,600. c. Credit to Cash for $4,800. d. Credit to Interest Payable for $1,600.
Redman Corporation is a publicly held company that supplies tourniquets to medical emergency centers. The company maintains a noncontributory defined benefit pension plan for its employees. The Redman's actuary has provided the following information for the year ended December 31 . 2014: Projected benefit obligation .......................... $800,000 Accumulated benefit obligation
........................ 700,000 Fair value of plan assets ............................. 820,000 Service cost .......................................... 240,000 Interest on projected benefit obligation .............. 24,000 Amortization of unrecognized prior service cost ....... 60,000 Expected and actual return on plan assets ............. 82,000 Prior contributions to the defined benefit pension plan equaled the amount of net periodic pension cost accrued for the previous year end. If no contributions have been made for 2014 pension cost, what amount should Redman report in its December 31 . 2014, balance sheet for accrued pension cost? a. $218,000 b. $242,000 c. $324,000 d. $406,000
Wilson Company's 2011 income statement reports depreciation expense of $25,000 . On the statement of cash flows for 2011 prepared using the direct method, depreciation:
a. would be shown as a deduction under the operating activities. b. would be shown as an addition under the operating activities. c. would be shown as an addition under the financing activities. d. would be ignored. e. would be shown as a deduction under the investing activities.
All of the following are reasons to use visual aids in business reports except:
A) to convert raw data into meaningful facts. B) to help readers comprehend the information. C) to enhance reader interest. D) to show readers the meaning of the data. E) to provide the reader with insight.