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1 year ago

In marketing and sales communications, it is illegal to use bait-and-switch advertising

1 answer:

3 0

Bait and switch procedures are regularly taken into consideration to be a form of fraud, and consequently illegal. Therefore, the given statement is true.

<h3>What is Bait and Switch operation?</h3>

A “bait and switch” takes area when a dealer creates an attractive however ingenuine provide to promote a product or service, which the vendor does now no longer surely intend to promote.

For example, If the store has deliberately run the advert while not having the object in stock, that is bait and switch.

Bait and switch scams can fall under some of the violations, from breach of settlement to fake advertising.

Therefore, Bait and switch procedures are regularly taken into consideration to be a form of fraud, and consequently illegal. The given statement is true.

learn more about Bait and switch procedures here:

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Ayayai Corporation has outstanding 400,000 shares of $10 par value common stock. The corporation declares a 100% stock dividend

maxonik [38]

Answer:

Explanation:

The journal entries are shown below:

On Declaration date

Retained Earnings A/c Dr $4,000,000 (400,000 shares × $10)

To Common Stock Dividend Distributable A/c $4,000,000

(Being dividend is declared)

On distribution date:

Common Stock Dividend Distributable A/c Dr $4,000,000

To Common Stock A/c $4,000,000

(Being the dividend is distributed)

8 0

3 years ago

At the beginning of the year, a firm had current assets of $121,306 and current liabilities of $124,509. At the end of the year,

Shtirlitz [24]

Answer:

change in net working capital = $21,903

Explanation:

given data

beginning current assets = $121,306

beginning current liabilities = $124,509

end of the year current assets = $122,418

end of the year current liabilities = $103,718

solution

we get here working capital at beginning that is express as

working capital = Current assets - current liabilities ......................1

put here value we get

working capital = $121,306 - $124,509

working capital = -$3203

and now we get here working capital for end of year that is

working capital = Current assets - current liabilities ......................2

working capital = $122,418 - $103,718

working capital = $18,700

so now we can get change in net working capital that is difference between beginning and ending working capital

change in net working capital = $18,700 - (-$3,203)

change in net working capital = $21,903

8 0

3 years ago

On june 8, williams company issued an $80,000, 5%, 120-day note payable to brown industries. assuming a 360-day year, what is th

lidiya [134]

To calculate the maturity of this note,

we use a simple formula first to get the interest which is:

I = Principal (amount owed) X Interest Rate (%) X Time (length of loan)

The days is only divided by only 360 days instead of 365 days. This is because commercial loans often use 360-day calendar years instead of 365-day calendar years. But not all banks used this as their calendar year,

I = Prt

= ($80000) (0.05) (120/360)

= ($80000) (0.01666666666)

I = $ 1,333.33

To get the maturity value, the formula is: M = Interest + Principal

M = I + P

= $1,333.33 + $80,000

= $81,333.33 or $81,333, letter C

7 0

3 years ago

A basic principle of economics is that a country’s standard of living depends on its a. Quantity of physical capital. b. Abundan

Nookie1986 [14]

This answer should be C

7 0

3 years ago

Off-the-shelf accounting software is not adequate to meet the needs of small businesses. True or False True False

BabaBlast [244]

Answer:

True

Explanation:

Small Business face different operational and managerial circumstances compared to <em>established</em> business.

Off-the-shelf accounting software may not be consistent with these circumstances rendering it cumbersome or unsuitable.

Thus a customized accounting software is most suitable to meet the needs for small businesses

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2 years ago