The degree of formality required in a company dress code is usually contingent upon the frequency of face-to-face interaction between employees and customers.
Answer the following statement true (T) or false (F)
True
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Vegan Company reported the following: Common stock, $5 par, 200,000 shares authorized, 50,000 shares issued and outstanding What is the effect of issuing 2,000 shares of common stock in exchange for land with valued by a realtor at $36,000 if the common stock sells for $12 per share and is regularly traded?
a. The Land account increases by $24,000. b. Retained Earnings decreases by $10,000. c. Common Stock increases by $36,000. d. Additional Paid-in Capital - Common increases by $24,000.
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Indicate whether the statement is true or false
The 80/20 rule for customer profitability refers to what?
a. That most of a firm’s customers are likely to be high profit customers b. That most of a firm’s efforts at retaining customers will be focused on a small group of customers c. That most of a firm’s profits are generated from a relatively small group of customers d. That most of a firm’s customers will complain about service at some point in time.
A major credit card company has determined that its customers charge an average of $280 per month on their accounts with a standard deviation of $20
a. What percentage of the customers charges more than $275 per month? b. What percentage of the customers charges less than $243 per month? c. What percentage of the customers charges between $241 and $301.60 per month?