Exclusive distribution is the most extensive form of market coverage.
Answer the following statement true (T) or false (F)
False
Exclusive distribution is the most restrictive form of market coverage.
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When a sales organization is structured as a product/product system, the sales force sells all products marketed by a division to a single market
Indicate whether the statement is true or false
Netherland Corporation has the following unadjusted balances: Accounts Receivable, $80,000 (debit), and Allowance for Sales Discounts $300 (credit). Of the receivables, $50,000 of them are within the 2% discount period, and Netherland expects buyers to take $1,000 in future-period discounts ($50,000 × 2%) arising from this period's sales. The adjusting entry or entries to estimate sales discounts is (are):
A.
| Accounts Receivable | 80,000 | |
| Sales | 80,000 |
B.
| Sales Discounts | 1,000 | |
| Accounts receivable | 1,000 |
C.
| Sales Discounts | 50,000 | |
| Sales | 50,000 | |
| Cost of Goods Sold | 1,000 | |
| Inventory Returns Estimated | 1,000 |
D.
| Sales Discounts | 700 | |
| Allowance for Sales Discounts | 700 |
E.
| Sales Discounts | 1,000 | |
| Allowance for Sales Discounts | 1,000 |
All major airlines offer frequent flier programs. Originally seen as a way to differentiate their providers in response to excess capacity in the industry, these programs have long since become ubiquitous. Many industry analysts believe that these programs have met with only mixed success in accomplishing their goal. Use the competitive advantage concepts to explain why
The current portion of notes payable is the principal amount that will be paid within two years of the balance sheet date, and the remaining portion is long term
Indicate whether the statement is true or false