What is the primary medium used to deliver public relations messages to the various external media?

A) house ads
B) advocacy ads
C) corporate identity ads
D) news releases
E) public service announcements

D

Business

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A clothing store buys dresses and sells them for a higher price. It has no other variable costs, but it incurs fixed costs of salespeople and rent. If the number of dresses purchased and sold increases (assuming the purchase and sale prices do not change), the store's profit margin:

a) increases b) decreases c) stays the same

Business

Pan Services, Inc. owns 32% of voting stock of Grey Investments, Inc. During the year 2017, Grey Investments, Inc. earned profits of $320,000. Under the equity method, which of the following journal entries will Pan Services record?

A) Long-term Investments-Grey Investments, Inc. 320,000 Cash 320,000 B) Cash 102,400 Dividend Revenue 102,400 C) Cash 102,400 Long-term Investments-Grey Investments, Inc. 102,400 D) Long-term Investments-Grey Investments, Inc. 102,400 Revenue from Investments 102,400

Business