Which of the following is a potential use of Twitter in a business?
a. Get new product ideas.
b. Get feedback on products from users.
c. Address customers' complaints.
d. All of the above (a-c).
d
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Which of the following items would not be used in the calculation of the cost-to-retail ratio if the FIFO retail inventory method were used to determine the ending inventory?
A) net markdowns B) purchases C) beginning inventory D) freight-in charges
Which asset is probably the most difficult to overstate under normal audit procedures?
a. Fixed assets b. Marketable securities c. Cash d. Accounts receivable
A transaction in which six months' rent is paid in advance results in which of the following journal entries?
a. Prepaid Rent – Debit; Cash – Credit b. Rent Receivable – Debit; Cash – Credit c. Rent Revenue – Debit; Cash – Credit d. Rent Expense– Debit; Cash – Credit
The rate at which _____ turn(s) over measures how quickly a firm collects cash
a. accounts receivable b. assets turnover c. inventory d. accounts payable e. notes receivable