Which of the following factors is LEAST relevant when selecting a particular medium for an advertisement?
A. the type of product.
B. the costs of alternative media.
C. the message content.
D. available budget.
E. campaign objectives.
Answer: C
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Ultimate Sportswear has $170,000 of 10% noncumulative, nonparticipating, preferred stock outstanding. Ultimate Sportswear also has $570,000 of common stock outstanding. In the company's first year of operation, no dividends were paid. During the second year, the company paid cash dividends of $37,000. This dividend should be distributed as follows:
A. $9250 preferred; $27,750 common. B. $0 preferred; $37,000 common. C. $18,500 preferred; $18,500 common. D. $20,000 preferred; $17,000 common. E. $17,000 preferred; $20,000 common.
Corporations, LLCs, and partnerships are all taxable entities.
Answer the following statement true (T) or false (F)
Joshua Thomas Corporation manufactures and retails computer hardware. The president of the corporation bought a new car as a gift for his daughter and paid for it using cash from the business
Since the corporation paid for the car, it was recorded in its books as an asset. Which of the following concepts or principles of accounting did the corporation violate? A) monetary unit assumption B) economic entity assumption C) cost principle D) going concern assumption
A legally astute manager understands that legal analysis is often ambiguous
a. True b. False Indicate whether the statement is true or false