Molly and Tom are getting married. Last month they hired a caterer for the wedding reception. This month they attended a wedding for which their chosen caterer had provided food, dishes and flowers. Neither thought the food was good and Molly worried that the dishes looked cheap. However, they feel they cannot change caterers at this date due to the large deposit required by the catering company when it took the job. Molly and Tom do not want to pay:
A. Extraneous expenses
B. Opportunity costs
C. Fixed costs
D. Switching costs
E. Retained costs
Answer: D
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All of the following are public relations tools except
A. donating a portion of profits to a charitable cause. B. news releases. C. event sponsorships. D. websites. E. coupons and rebates.
Your authors provide some guidance on developing logical paragraphs. Which of the following is one of their recommendations?
A) The first sentences should include a topic sentence that identifies the main idea of the paragraph. B) The body of the paragraph provides more information on the topic. C) Paragraphs should have a closing sentence that signals the end of the topic and indicates where the reader is now headed. D) As a rule keep paragraphs short. E) all of the above were recommended by your authors
Collision Corporation Data for Collision Corporation for the year ended December 31, 2012, are presented below. Credit Sales $2,000,000 Sales returns and allowances 40,000 Accounts receivable (December 31, 2012 ) 610,000 Allowance for bad debts (Before adjustment at December 31, 2012 ) 15,000 Estimated amount of uncollected accounts based on aging analysis 55,000 Refer to the information
presented for Collision Corporation. If Collision estimates its bad debt to be 2% of net credit sales, what will be the balance in the Allowance for Bad Debts account after the adjustment for bad debts? A) $15,000 B) $40,000 C) $39,200 D) $54,200
For good controls over cash payments, the company officer approving a payment voucher should be the same as the person who ordered the goods, to ensure that the correct amount of cash is paid
Indicate whether the statement is true or false