Free or bargain-priced items offered to encourage consumers to buy a product are termed as ________
A) premiums
B) point-of-purchase displays
C) coupons
D) rebates
E) trade allowances
Answer: A
Explanation: Premiums are free or bargain-priced items offered to encourage the consumer to buy a product.
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Mark, an accountant, was found guilty of embezzlement and was fired from his job. He had been receiving medical, dental, and optical benefits from his employer. On his termination, his employer refused to continue granting him these benefits
Which of the following courses of action can Mark take under the Consolidated Omnibus Budget Reconciliation Act of 1985? A) He can sue his employer for 10 percent of the annual cost of the group plan. B) He can sue his employer for $500,000. C) He can pay the premium for the policy to maintain his coverage. D) He cannot legally claim the benefits or any amount of money.
Adong's Fishing Products is analyzing the performance of its cash management. On average, the firm holds inventory for 65 days, pays its suppliers in 35 days, and collects its receivables in 15 days
The firm has a current annual outlay of $1,960,000 on operating cycle investments. Adong currently pays 10 percent for its financing. (Assume a 360-day year.) (a) Calculate the firm's cash conversion cycle. (b) Calculate the firm's operating cycle. (c) Calculate the daily expenditure and the firm's annual savings if the operating cycle is reduced by 15 days.