When merchandise is sold for $600 plus 6% sales tax, the Sales account should be credited for $636
Indicate whether the statement is true or false
False
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After the company completes the bank reconciliation, it makes journal entries for adjustments
A) it made to the bank statement balance only. B) it made to the company records only. C) it made to both the bank statement and the company records. D) made on the statement of cash flows.
Suppose you borrowed $15,000 at a rate of 8.5% and must repay it in 5 equal installments at the end of each of the next 5 years. How much would you still owe at the end of the first year, after you have made the first payment?
A. $10,155.68 B. $10,690.19 C. $11,252.83 D. $11,845.09 E. $12,468.51
______ is how many days/weeks/months it takes to get someone hired into an open position.
A. New hire performance B. Cost per hire C. Time required to hire D. Yield ratio
Match each term with the correct statement below.
a. marketing channel b. selective distribution c. warehouse showrooms d. materials handling e. warehouse clubs f. inventory management g. intensive distribution h. exclusive distribution 1. Convenience goods often use this method of market coverage. 2. Large-scale discount operations that are open to members only. 3. The physical handling of a product during transportation and while it is in the warehouse. 4. A group of interrelated organizations that direct the flow of products to the ultimate consumer. 5. The process of developing and maintaining products that are in demand by customers 6. Shopping goods are often distributed through this method of market coverage. 7. Convenience goods often use this method of market coverage.