On April 30, Holden Company had an Accounts Receivable balance of $18,000. During the month of May, total credits to Accounts Receivable were $52,000 from customer payments. The May 31 Accounts Receivable balance was $13,000. What was the amount of credit sales during May?

In 2001, IBM had hundreds of "Peace Love Linux" logos painted on sidewalks to publicize the company's adoption of the Linux operating system. This is an example of buzz marketing

Indicate whether the statement is true or false

Stock acquisition plans provide for all of the following except

(a) promote substantial organization ownership rights (b) avoid federal income tax obligation (c) assist employees develop an estate (d) enhance employee willingness to save for the future