A__________is a price reduction offered to a consumer, an industrial user, or a marketing intermediary in return for prompt payment of a bill
Fill in the blanks with correct word.
ANSWER: cash discount
A cash discount is a price reduction offered to a consumer, an industrial user, or a marketing intermediary in return for prompt payment of a bill. Prompt payment saves a seller carrying charges and billing expenses and allows the seller to avoid bad debt.
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Tanner and Teresa share income and losses in a 2:1 ratio after allowing for salaries to Tanner of $42,000 and $60,000 to Teresa. Net income for the partnership is $132,000 . Income should be divided as follows:
a. Tanner, $57,000; Teresa, $75,000 b. Tanner, $58,000; Teresa, $74,000 c. Tanner, $75,000; Teresa, $57,000 d. Tanner, $62,000; Teresa, $70,000
Which of the following marketing orientations focuses primarily on improving efficiencies?
A) production orientation B) relationship orientation C) sales orientation D) consumer orientation E) social responsibility orientation
At a given point in time, a business's trial balance is a list of all of its general ledger accounts and their balances.
Answer the following statement true (T) or false (F)
Explain why the Westland/Hallmark Meat Company employees used forklifts and shocks in processing cattle and why