In reviewing the T-account for Accounts Payable, you find that the beginning balance is zero, the total increases are $7,200 and the total decreases are $4,000. This means that the ending balance of the account is a credit balance of $3,200
Indicate whether the statement is true or false
TRUE
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A company uses sales representatives for selling the company's more complex and customized products to large accounts, while using inside salespeople and Web ordering for low-end selling
Which of the following describes the company's sales force best? A) demand creators B) direct marketing force C) missionary sellers D) technical sales force E) leveraged sales force
Chancellor Company purchased merchandize worth $900 on credit, terms n/30 and returned merchandize worth $100 on next day. What is the required journal entry to record the merchandize returns under the perpetual inventory system?
a. Accounts Payable 100 Purchases Returns and Allowances 100 b. Accounts Payable 100 Merchandize Inventory 100 c. Merchandize Inventory 100 Purchases Returns and Allowances 100 d. Purchases Returns and Allowances 100 Merchandize Inventory 100
A brand extension gives a new product instant recognition and faster acceptance
Indicate whether the statement is true or false
Which basic step to personal financial planning should be considered when establishing your personal financial goals?
A) Step 1 B) Step 2 C) Step 3 D) Step 4