Many carwashes offer free replacement washes to car owners if it rains or snows within 24 hours of when they had their cars cleaned at the carwash. Because people who would take advantage of this service guarantee are the ones that are concerned about the appearance of their car, this service guarantee:
A. Does not fit the service provider's image
B. Shows the absence of a customer focus
C. Is unconditional
D. Illustrates the importance of employee empowerment
E. Is very meaningful
Answer: E
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Which of the following bank reconciliation items would not require a journal entry?
a. a bank service charge; b. interest earned; c. NSF checks; d. deposits in transit; e. collections made by the bank on behalf of the depositor.
The matching rule is most closely related to the cash basis of accounting
Indicate whether the statement is true or false
The process that determines an allowable product cost while setting market price and allowing for an acceptable profit margin is known as
a. target costing. b. product life cycle costing. c. activity-based costing. d. responsibility costing.
Barclays Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: Retained earnings balance at the beginning of the year$233,000Cash dividends declared for the year 50,000Proceeds from the sale of equipment 85,000Gain on the sale of equipment 4,500Cash dividends payable at the beginning of the year 22,000Cash dividends payable at the end of the year 30,000Net income for the year 110,000The amount of cash paid for dividends was:
A. $42,000. B. $58,000. C. $50,000. D. $60,000. E. $52,000.