Regardless of what a company does to make a profit in terms of the product or service it provides, the company is also in the business of providing customer service.
Answer the following statement true (T) or false (F)
True
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Autumn Resorts purchased guest room furniture on January 1, 2014 for $120,000 . The furniture has an estimated useful life of ten years. What amount will appear on Autumn's income statement for depreciation expense for the year ending June 30, 2015?
a. $1,000 b. $6,000 c. $10,000 d. $12,000
As a general rule, a promise to discharge a liquidated debt for part payment of the debt at or after its due date is unenforceable due to lack of consideration.
Answer the following statement true (T) or false (F)
What is a ledger?
Which of the following is true of a good marketing information system?
A) It focuses solely on maximizing the amount of data generated irrespective of relevance. B) It typically uses only external sources of data in marketing research. C) It balances the information that a firm would like to have against what they really need. D) It develops a way of offering information about future plans of action that might not be very feasible or cost-effective. E) It eliminates the time-consuming task of assessing the information needs of a firm.