Harley-Davidson celebrated its 110th anniversary in 2013. The company grew impressively during its century of operations. All of the following mentioned facts regarding the company are true except:
A) the company's international success came after years of neglecting overseas markets.
B) the company reacted swiftly to a growing threat from Japanese manufacturers.
C) early on, the company used an export-selling approach.
D) early on, it had an underdeveloped dealer network.
E) after the 1980s, they recruited dealers in the important Japanese markets.
B
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Revenue recognition method in which companies recognize revenue and gross profit at a point in time—that is, when the contract is completed. Under this method, companies accumulate costs of long-term contracts in process, but they make no interim charges or credits to income statement accounts for revenues, costs, or gross profit.
(a) contract (b) continuing franchise fees (c) franchisor (d) completed-contract method
The Franko Company has a beta of 1.90. By what percent will the required rate of return on the stock of Franko Company increase if the expected market rate of return rises by 3%?
A) 1.91% B) 2.75% C) 3.27% D) 5.70%