Journalize the following transaction for a merchandiser that uses the perpetual inventory system. Sold goods for cash, $1,200 (cost $750). Omit explanations.
What will be an ideal response?
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Under the cost principle, assets are always carried at their current market value
a. True b. False Indicate whether the statement is true or false
A company using a ______ strategy seeks to be the first to move into a market segment to meet an unfulfilled customer need.
a. low-price provider b. differentiation c. market niche d. both B and C
Apollo Couriers, a company providing international express mail services, has a proactive customer communications team
The primary job of this team is to identify situations that led to customer dissatisfaction, and then provide quick remedies to fix the problems. To a great extent, this has helped Apollo in winning customer loyalty. In this instance, Apollo has benefitted from ________. A) product differentiation B) good service recovery C) multibranding D) place marketing E) co-branding
Which of the following statements is true of the European Union (EU)?
A) All issues have to be passed unanimously by the EU members to be enforced. B) Every country in the European Union has adopted the euro as its monetary unit. C) Custom duties have been removed among member nations of the European Union. D) Custom tariffs have been removed for trade between the EU and the rest of the world.