Chien corporation is a recently formed business selling the "world’s best doormat." the corporation is selling doormats faster than chien can make them. it has been selling the product on a credit basis, telling customers to "pay when they can." oddly, even though sales are tremendous, the company is having trouble paying its bills. write a memo to the president of chien corporation discussing these questions: (a) what steps should be taken to improve the company’s ability to pay its bills? (b) what accounting steps should be taken to measure its success in improving collections and in recording its collection success? (c) if the corporation is still unable to pay its bills, what additional steps can be taken with its receivables to ease its liquidity problems?

Which of the following statements about brand names is true? brand names give the seller an incentive to provide consistently high-quality products and services in order to protect the reputation of the brand. brand names are always economically wasteful since they dupe consumers into buying more expensive goods and services that are no different from generic versions. it is always rational to prefer brand names over generic substitutes. read the following example and determine whether it illustrates a common critique or defense of advertising. musashi sees a commercial for a brand x clothing company that depicts the wearers of the clothes out having a good time with friends. although he doesn't particularly need new clothes, the commercial prompts him to buy a brand x t-shirt.

Corrective action must be taken for a project when (a) actual progress to the planned progress shows the progress is ahead of schedule. (b) the technical specifications have been met. (c) the actual cost of the activities is less than the funds received for the work completed. (d) the actual progress is less than the planned progress.

What do you think: would it be more profitable to own 200 shares of penny’s pickles or 1 share of exxon? why do you think that?