Green Grain marketers have established a positioning plan that stresses low price. Salespeople are expected to use transactional selling tactics and offer discounts and allowances to farmers as needed
Which type of discount would most likely be given to a farmer who agrees to put the Green Grain logo on the side of his barn and Green Grain signs along the road near his farm?
A) dealer allowance
B) trade discount
C) seasonal discount
D) promotional allowance
E) functional discount
D
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Which of the following statements is true regarding the multiple-step income statement?
a. The multiple-step income statement is used only by companies that sell products, not those that provide services. b. The multiple-step income statement is helpful in determining a company's working capital. c. The multiple-step income statement reports the same net income as the single-step income statement. d. The multiple-step income statement is required under generally accepted accounting principles.
The single-step and multistep income statements result in different net income amounts
Indicate whether the statement is true or false
The petty cash voucher should be kept by the person being reimbursed
Indicate whether the statement is true or false
A ________ is a three-party instrument that is an unconditional written order by one party that orders a second party to pay money to a third party
A) draft B) promissory note C) certificate of deposit D) lease