When using special journals, the sale of merchandise in exchange for cash would be recorded in the
a. cash receipts journal.
b. sales journal.
c. cash payments journal.
d. accounts receivable ledger.
a
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The objective of the CRM process is to
A. expand services. B. analyze market trends. C. develop loyalty and repeat-purchase behavior. D. extend hours of operations. E. monitor customer transactions.
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Solarcell Corporation has $20,000 that it plans to invest in marketable securities. It is choosing between AT&T bonds that yield 11.00%, State of Florida municipal bonds that yield 8.00%, and AT&T preferred stock with a dividend yield of 9.00%. Solarcell's corporate tax rate is 39.00%, and 70.00% of the preferred stock dividends it receives are tax exempt. Assuming that the investments are equally risky and that Solarcell chooses strictly on the basis of after-tax returns, which security should be selected? Answer by giving the after-tax rate of return on the highest yielding security.
A. 8.00% B. 9.12% C. 8.24% D. 7.44% E. 6.08%
No formal steps are necessary to create a sole proprietorship
Indicate whether the statement is true or false