Customer service reps are more useful for "keeping" customers than for "winning" new customers.
Answer the following statement true (T) or false (F)
True
Customer service reps work with customers to resolve problems that arise with a purchase, usually after the purchase has been made. Effective customer service is especially critical in keeping customers.
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A company faces fixed costs of $100,000 and variable costs of $8 per unit. It plans to directly sell its product in the market for $12. How many units must it produce and sell to break even?
A) 20,000 B) 25,000 C) 30,000 D) 35,000 E) 40,000
How do managers measure an activity's performance?
A promissory note is executed in June. When the note is paid the following January, the payee's entry includes (assuming a calendar-year accounting period and no reversing entries) a
A) debit to Interest Income. B) credit to Cash. C) credit to Interest Receivable. D) debit to Notes Receivable.
________ are an itemized projection of revenues and expenses for a future time period.
Fill in the blank(s) with the appropriate word(s).