Direct selling involves _____
a. personal contact with consumers in their homes and a consumer's ordering via mail, phone, fax, or computer
b. nonpersonal media and a consumer's ordering via mail, phone, fax, or computer
c. personal contact with consumers in their homes and phone solicitations initiated by a retailer
d. nonpersonal media and phone solicitations initiated by a retailer
c
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Under international accounting standards, the derecognition of receivables requires that
a. the risks and rewards associated with the cash flows from the financial asset pass from the transferor to the transferee. b. a binding legal agreement must exist between the transferor and the transferee. c. economic ownership of the asset passes from the transferor to the transferee. d. the receivable is determined to be fully collectible.
On a bank reconciliation, the amount of an unrecorded bank service charge should be:
A. Deducted from the book balance of cash. B. Added to the bank balance of cash. C. Noted in memorandum form only. D. Added to the book balance of cash. E. Deducted from the bank balance of cash.
Winder Corporation is a specialty component manufacturer with idle capacity. Management would like to use its extra capacity to generate additional profits. A potential customer has offered to buy 3,000 units of component QEA. Each unit of QEA requires 5 units of material F85 and 5 units of material E71. Data concerning these two materials follow:MaterialUnits in StockOriginal Cost Per UnitCurrent Market Price Per UnitDisposal Value Per UnitF85740$4.90$4.75$4.20E7113,680$5.00$4.70$3.60Material F85 is in use in many of the company's products and is routinely replenished. Material E71 is no longer used by the company in any of its normal products and existing stocks would not be replenished once they are used up.What would be the relevant cost of the materials, in total, for purposes of
determining a minimum acceptable price for the order for product QEA? A. $141,750 B. $126,295 C. $126,702 D. $145,965
Social media allow marketers to have much more direct and meaningful conversations with customers
Indicate whether the statement is true or false a. True b. False