Airlines make use of ____________ systems, based on telephone or Web site reservations. This provides enormous cost savings for airlines because it reduces ____________
a. Ticketless; gross revenue charges
b. Partial; gross revenue charges
c. Ticketless; travel agent commissions
d. Partial; travel agent commissions
e. Ticketless; net revenue charges
c
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At times, the seller may know the particular purpose for which the buyer needs the goods and know that the buyer is relying on the seller to select goods suitable for that purpose. If these two conditions are met, then the seller makes a(n) ________ warranty that the goods will be fit for that particular purpose.
A. express B. symbolic C. constructive D. implied
When conducting marketing research in foreign countries, statistical estimation of sample size may be difficult as estimates of the population mean may be unavailable
Indicate whether the statement is true or false
A delivery truck was purchased for $32,000 two years ago. It has a carrying value of $24,000 and an estimated residual value of $4,000 . Assuming the use of straight-line depreciation, the truck's estimated useful life must have been
a. three and one-half years. b. seven years. c. 14 years. d. impossible to determine from the facts given.
Under which of the following circumstances is the installment sales method appropriate for the recognition of revenue in the income statement?
a. For any sales where collection is spread over a reasonable long period of time. b. In any situation where management wishes to delay the recognition of revenue in order to smooth its income. c. For sales where collection is spread over a reasonable long period of time and significant doubt exists about the ultimate collection of the receivables. d. For sales where collection is spread over a reasonable long period of time and no significant doubt exists concerning ultimate collection of the receivables.