Which of the following types of discounts are offered to induce prompt payment by customers?
A. Quantity discounts
B. Nontrade discounts
C. Trade discounts
D. Sales discounts
Answer: D
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A feeder process is any business process that accumulates business event data that are then communicated to and processed within the GL
Indicate whether the statement is true or false
Which of the following statement about a value added (VA) activity is false?
a. VA will increase the value of a product or service. b. VA is not an actual production or service task. c. VA is an activity for which the customer will not be willing to pay extra. d. VA will reduce the amount of overhead cost.
A trial balance has a debit total of $10,000 and a credit total of $9,900 . Which of the following could be the cause of the 'out-of-balance' trial balance?
a. A debit to Cash for $50 was posted as a credit to the Cash account. b. A credit to Cash for $50 was posted as a debit to the Cash account. c. The Accounts Receivable account with a balance of $100 was omitted from the trial balance. d. The Capital account balance was understated by $500. e. The Office Equipment account is listed on the trial balance with a debit balance of $500 instead of $1,500.
When marketers select criteria to help screen for new market opportunities, they should include quantitative components such as
A. what expertise the firm possesses. B. what is an acceptable return on investment (ROI). C. what resources the firm should build upon. D. what weaknesses need to be avoided. E. what kind of business the firm wants to be in.