Promotion to business customers emphasizes personal selling.
Answer the following statement true (T) or false (F)
True
Producers and wholesalers that target business customers often emphasize personal selling. This is practical because there are fewer of these customers and their purchases are typically larger.
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On January 1, 2015, the long-term liability section of Quick Silver Co balance sheet showed a balance of $800,000 in the bonds payable account. On December 31, 2015, the balance in that same account was $765,000 . This change would appear on the statement of cash flows as
a. an outflow of cash of $35,000 in the financing activities category. b. an inflow of cash of $35,000 in the financing activities category. c. an outflow of cash of $35,000 in the investing activities category. d. an inflow of cash of $35,000 in the investing activities category.
______________________________ is a technique for ranking inventory items in a group based on the value, activity, sales, or other relevant metric for the items.
Fill in the blank(s) with the appropriate word(s).
The tactic of overbooking or overselling the available asset is suitable in any situation where customers are able to cancel orders and the value of the asset drops significantly after a deadline
Indicate whether the statement is true or false.
The cashier for Bell Buoy rang up sales totaling $7,644, but had $7,650 to deposit, which journal entry would be recorded?
A. A debit to Sales for $7,650, a debit to Cash Overage for $6, and a credit to Cash for $7,644. B. A debit to Cash for $7,650, a credit to Cash Overage for $6, and a credit to Sales Revenue for $7,644. C. A debit to Cash for $7,644, a debit to Cash Shortage for $6, and a credit to Sales Revenue for $7,650. D. A debit to Cash for $7,644, a debit to Cash Shortage for $6, and a credit to Unearned Revenue for $7,650.