Common methods of improving retail productivity for a variety of retail institutions are changing the merchandise mix, improving sales training, and redesigning stores

Indicate whether the statement is true or false


True

Business

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The ________ element of the marketing mix is demonstrated when a company places an ad on a highway billboard.

A. process B. place C. price D. promotion E. product

Business

The chart of accounts is an official list of accounts provided by the Securities and Exchange Commission (SEC)

Indicate whether the statement is true or false

Business

On January 1, 20X6, Pumpkin Corporation acquired 70 percent of Spice Company's common stock for $210,000 cash. The fair value of the noncontrolling interest at that date was determined to be $90,000. Data from the balance sheets of the two companies included the following amounts as of the date of acquisition:  PumpkinSpiceCash $50,000   $15,000  Accounts Receivable  70,000    25,000  Inventory  30,000    20,000  Land  150,000    80,000  Buildings and Equipment  250,000    200,000  Less: Accumulated Depreciation  (70,000)   (20,000) Investment in Spice Co.  210,000       Total Assets $690,000   $320,000             Accounts Payable $40,000   $10,000  Bonds Payable  150,000    40,000  Common

Stock  300,000    90,000  Retained Earnings  200,000    180,000  Total Liabilities and Equity $690,000   $320,000  At the date of the business combination, the book values of Spice's assets and liabilities approximated fair value except for inventory, which had a fair value of $30,000, and land, which had a fair value of $95,000.Based on the preceding information, what amount of total assets will be reported in the consolidated balance sheet prepared immediately after the business combination? A. $800,000 B. $1,010,000 C. $830,000 D. $1,040,000

Business

Jennifer, a resident of North Carolina, was granted a patent for a device she invented. Donald, a resident of Texas, claims to have invented the device earlier, and disputes the patent granted to Jennifer. Which of the following should Donald do?

A) file a case in a North Carolina state trial court, as it has in personam jurisdiction over Jennifer B) file a case in a Texas state trial court, as the long-arm statute grants it in rem jurisdiction over Jennifer C) file a case in the Ninth Circuit Court of Appeals, as there is concurrent federal jurisdiction due to diversity of citizenship D) file a case in a federal trial court, as federal courts have exclusive jurisdiction over this subject matter

Business