Describe the importance of social media process objectives
What will be an ideal response?
For any business to use social media successfully, its managers need to understand the objectives of the social media process. However, like other dynamic processes, the social media process has few well-accepted objectives. For example, people use social media to communicate, share, support and entertain while the objectives of a business may be to boost sales or respond to customer complaints.
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The partnership name may be changed at will by agreement.
a. true b. false
O'Reilly, Inc has prepared its third quarter budget and provided the following data
Jul Aug Sep Cash collections $51,000 $39,700 $47,900 Cash payments: Purchases of direct materials 30,000 21,900 17,000 Operating expenses 12,200 8,100 11,300 Capital expenditures 13,400 24,700 0 The cash balance on June 30 is projected to be $4,500. The company has to maintain a minimum cash balance of $5,000 and is authorized to borrow at the end of each month to make up any shortfalls. It may borrow in increments of $5,000 and has to pay interest every month at an annual rate of 4%. All financing transactions are assumed to take place at the end of the month. The loan balance should be repaid in increments of $5,000 whenever there is surplus cash. Calculate the amount of principal repayment at the end of September. A) $5,000 B) $10,000 C) $15,000 D) $20,000