You are employed by a marketing firm that needs to become more value driven. How is this accomplished?
What will be an ideal response?
Firms become value driven by focusing on four activities. First, they share information about their customers and competitors across their own organization and with other firms that help them get the product or service to the marketplace, such as manufacturers and transportation companies. Second, they strive to balance their customers' benefits and costs. Third, they concentrate on building relationships with customers. Fourth, they take advantage of new technologies and connect with their customers using social and mobile media.
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This source usually cannot be checked out of the library and is kept apart from other books
A) books B) library databases C) reference materials D) periodicals
A business recorded the purchase of supplies on account. Recording the transaction will:
a. increase an asset, increase a liability. b. decrease an asset, decrease a liability. c. increase an asset, increase owner's equity. d. decrease an asset, decrease owner's equity. e. increase one asset, decrease another asset
Match the following terms with the appropriate definition.
A. A notification that informs the seller of a debit made to the seller's account payable in the buyer's records. B. The calculation of net sales less cost of goods sold. C. The description of the amounts and timing of payments from a buyer to a seller for a purchase. D. A notification that informs a buyer of a seller's credit to a buyer's account. E. An inventory accounting method that continually updates accounting records for inventory available for sale and inventory sold. F. A cash discount granted from the view of the seller, indicated in the credit terms on the invoice. G. The time period in which reduced payment can be made by the buyer because of a cash discount offered by a seller of goods on credit. H. The amount of time allowed before full payment is due. I. A cash discount granted, from the view of the purchaser intended to encourage buyers to pay amounts owed earlier. J. An inventory accounting method that updates the accounting records for merchandise transactions only at the end of a period.
During June, Briganti Corporation purchased $79,000 of raw materials on credit to add to its raw materials inventory. A total of $64,000 of raw materials was requisitioned from the storeroom for use in production. These requisitioned raw materials included $4,000 of indirect materials. Required:Prepare journal entries to record the purchase of materials and their use in production.
What will be an ideal response?