On October 1, 2009, Ethan Company borrowed $20,000 on a 6-month note with an annual interest rate of 10 percent. How much interest expense should be reported on December 31, 2009?

Which of the following marketing communications tools has the highest cost-effectiveness in the introduction stage of the product life cycle?

A) personal selling B) sales promotion C) interactive marketing D) direct marketing E) events and experiences

To reduce the risks of failure of an acquisition, managers must:

A. pay more for the acquired unit to please its existing employees. B. encourage and facilitate management turnover. C. acquire a firm without wasting time on screening. D. move rapidly after an acquisition to put an integration plan in place. E. ensure that the work cultures are significantly different from each other.