Approximately what percentage of every dollar spent on goods and services pays for marketing activities?
a. 10 percent
b. 85 percent
c. 30 percent
d. 65 percent
e. 50 percent
e. 50 percent
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Answer the following statements true (T) or false (F)
1. Sales through credit cards and debit cards are journalized in the same way as sales on account. 2. Proceeds from credit and debit card transactions are deposited on the day of the actual sale. 3. The two common methods of processing credit and debit card transactions are gross and net. 4. A business keeps cash in a bank account because banks have established practices for safeguarding the business's money.
What is another name for barter syndication? Describe how it works.
What will be an ideal response?
Which one of the approaches for the allowance procedure emphasizes the net realizable value of accounts receivable on the balance sheet?
A) The percentage-of-receivables approach B) The percentage-of-sales approach C) The percentage-of-accounts written off method D) The direct write-off method
"Insider trading" rules pertain to:
a. tippees. b. officers and directors. c. underwriters. d. All of these.