The following excerpt is from an article reported in an online issue of bloomberg. ford motor co. (f) said it will repurchase $3.3 billion of its shares to reduce dilution from recent stock grants to executives. the par amount per share for ford ’s common stock is $0.01. paid-in capital—excess of par is $6.89 per share on average. the market price was $23.5. required: 1. suppose ford reacquires 127.00 million shares through repurchase on the open market at $23.50 per share. prepare the appropriate journal entry to record the purchase. ford considers the shares it buys back to be treasury stock. 2. suppose ford considers the shares it buys back to be retired rather than treated as treasury stock. prepare the appropriate journal entry to record the purchase.

marketing strategies should be established before marketing objectives are decided. t/f

Following is a list of various costs incurred in producing replacement automobile parts. with respect to the production and sale of these auto parts, classify each cost as either variable costs, fixed costs, or mixed costs. 1. oil used in manufacturing equipment 2. plastic 3. property taxes, $165,000 per year on factory building and equipment 4. salary of plant manager 5. cost of labor for hourly workers 6. packaging 7. factory cleaning costs, $6,000 per month 8. metal 9. rent on warehouse, $10,000 per month plus $25 per square foot of storage used 10. property insurance premiums, $3,600 per month plus $0.01 for each dollar of property over $1,200,000 11. straight-line depreciation on the production equipment 12. hourly wages of machine operators 13. electricity costs, $0.20 per kilowatt-hour 14. computer chip (purchased from a vendor) 15. pension cost, $1.00 per employee hour on the job

In the 1970s, kmart used blue light specials to encourage customers to flock to a particular department having a temporary sale. a spinning blue light activated for approximately 30 seconds, and then an in-store announcement informed shoppers of the special savings in the specific department. over time, loyal kmart shoppers learned to flock to the department with the spinning blue light before any announcement of special savings occurred. if kmart was employing classical conditioning techniques, what role did the spinning blue light play?