Explain the law of legitimate cross-purposes and law of perpetual change
What will be an ideal response?
The law of legitimate cross-purposes refers to the fact that supplier firms and reseller firms rely upon different profit models that are sometimes at odds with one another. The law of perpetual change reflects the fact that evolving marketplaces may dramatically and unexpectedly alter the goals and resources of channel partners.
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A business purchases a truck by signing a note payable to the seller. Such a transaction would include a:
A. credit to truck B. debit to Note Payable C. credit to Note Payable D. debit to an expense account
In general, common stock and preferred stock are both valued by calculating the present value of
all expected future cash flows, using the required return as the discount rate. Indicate whether the statement is true or false