Profitability measures indicate a company's ability to earn income by operating efficiently
Indicate whether the statement is true or false
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If a company overstates its ending inventory balance for 2015 by $10,000, and understates its ending inventory balance for 2014 by $5,000 what are the effects on its net income for 2015 and 2014? Effect on 2015 Net Income Effect on 2014 Net Income
a. Overstated by $15,000 Understated by $10,000 b. Understated by $5,000 Overstated by $10,000 c. Overstated by $15,000 Understated by $5,000 d. Overstated by $10,000 Understated by$5,000
[APPENDIX] Which of the following statements regarding partnerships is true?
a. Partnerships must register with the federal government. b. Partnerships pay taxes to the IRS. c. Partners must register with the state government. d. Partners must abide by the separate entity concept and keep their personal assets separate from the partnership assets.
Which of the following is true about customer relationship management (CRM)?
A) Data mining has limited applicability in CRM activities. B) Sophisticated analytical tools are sparingly used in CRM activities. C) CRM reduces the number of customer touch points. D) CRM aims to maximize customer loyalty. E) CRM enables firms to compare various product and service categories.
Explain how a consumer market is determined and give two examples of consumer markets of different size
What will be an ideal response?