Kaya, a chain of skin clinics, requests each new visitor to fill in their own details on a printed form. This is a step in ________
A) increasing its peak-time efficiency
B) creating nonpeak demand
C) increasing consumer participation
D) sharing its services
E) facilitating its future expansions
C
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What journal entry format is appropriate if sales returns and allowances occur on factored accounts?
A) Sales Returns and Allowances XXReceivable from Factor XX B) Receivable from Factor XXFactoring Expense XX C) Sales Returns and Allowances XXFactoring Expense XX D) Factoring Expense XX Sales Returns and Allowances XX
Which one of the following statements regarding the gross profit method is not true?
A) The gross profit method is not a practical method to use in real-world situations. B) The gross profit method is often used to estimate the year-end inventory for comparison to actual on-hand inventory. C) The gross profit method is an acceptable method to estimate the cost of inventory destroyed by a casualty. D) The gross profit method results in a less accurate inventory valuation than the retail inventory method.
For a new venture, platforming can be important for
a. improving operating profits from manufactured products b. higher utilization of capital invested in plant and equipment c. tackling new adjacent market segments by allowing a company to develop and test new products quickly at little cost d. All of the above
In a __________ merger, the shares in the disappearing corporation are automatically converted into shares in the surviving corporation
a. cash out b. noncash c. freeze out d. liquidation