To improve the likelihood of reorders, a salesperson should:
A. provide the customer with periodic maintenance and repair on his or her purchase.
B. be present at the time of the purchase.
C. provide the customer with various specialty advertising items that contain the selling firm's name, logo, and Web site.
D. make sure the customer has access to the selling firm's catalogs.
E. do all of these.
Answer: E
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Tests of controls include
a. confirming accounts receivable b. counting inventory c. completing questionnaires d. counting cash
U.S. GAAP and IFRS require that firms disclose sufficient information to allow the reader of financial statements to calculate Accounts Receivable, Gross, Allowance for Uncollectibles, and Accounts Receivable, Net
Indicate whether the statement is true or false
Mocha Company manufactures a single product by a continuous process, involving three production departments. The records indicate that direct materials, direct labor, and applied factory overhead for Department 1 were $100,000, $125,000, and $150,000, respectively. The records further indicate that direct materials, direct labor, and applied factory overhead for Department 2 were $50,000,
$60,000, and $70,000, respectively. Department 2 has transferred-in costs of $390,000 for the current period. In addition, work in process at the beginning of the period for Department 2 totaled $75,000, and work in process at the end of the period totaled $90,000. The journal entry to record the flow of costs into Department 3 during the period is: A) Work in Process--Department 3 375,000Work in Process--Department 2 375,000 B) Work in Process--Department 3 570,000Work in Process--Department 2 570,000 C) Work in Process--Department 3 490,000Work in Process--Department 2 490,000 D) Work in Process--Department 3 555,000Work in Process--Department 2 555,000
Alpha's preferred stock currently has a market price equal to $80 per share. If the dividend paid on this stock is $6 per share, what is the required rate of return investors are demanding from Alpha's preferred stock?
A. 7.5% B. 13.3% C. 3.7% D. 4.2% E. 13.3%