Calculate the frequency if a business with a 45% target market reach produces a GRP of 270
A) 6
B) 7
C) 8
D) 9
E) 10
A
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In comparing management accounting with financial accounting, which of the following statements is true?
a. Both use historical costs as their primary unit of measurement. b. Both depend on the double-entry system of accounting. c. Both require adherence to GAAP. d. Financial accounting reports are more objective, whereas management accounting reports are more subjective.
All of the following are inventory costing methods except
a. first-in, first-out. b. average-cost. c. periodic. d. specific identification.
A company paid $600,000 for 1-year, 10% bonds with a par value of $600,000 on July 1. The bonds pay 5% interest semiannually on December 31 and June 30. The company intends to hold the bonds until they mature. Prepare the journal entries for the following dates and transactions related to this bond acquisition.(1) Bonds purchased on July 1.(2) Receipt of semiannual interest only on December 31.(3) Receipt of semiannual interest only on June 30.(4) Redemption of the bonds at maturity on June 30.
What will be an ideal response?
Mary buys a new toaster for $500. The toaster's label bears a disclaimer stating that the manufacturer is not liable for consequential damages. One morning while Mary is using the toaster, it emits sparks and damages the electrical wiring in the kitchen. The electrician tells Mary that the toaster malfunctioned and that the cost of repairs in her kitchen would amount to $2,000. What amount of monetary damages can Mary likely recover from the manufacturer of the toaster?
A. $500 B. $2,500 C. $2,000 D. No monetary damages can be recovered.