Sales data become wisdom when they provide answers to questions of "who," "what," "where," "how much," and "when."
Answer the following statement true (T) or false (F)
False
Sales data become information when they provide answers to questions of "who," "what," "where," "how much," and "when."
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A typical purchasing manager
A. seeks the lowest possible cost. B. tries to satisfy both individual needs and company needs. C. has the final decision on all purchases. D. buys strictly on economic needs. E. All these answers are correct.
Although they abound in other areas, codes of ethical behavior have yet to be proposed in the marketing research industry
Indicate whether the statement is true or false
Craig's Snowboards uses the perpetual inventory system and the gross method of accounting for sales, and had the following sales transactions during June: June 2Sold merchandise to General Sports Store on credit for $4,800, terms 1/15, n/60. The items sold had a cost of $2,700.June 4General Sports Store returned merchandise that had a selling price of $200. The cost of the merchandise returned was $110.June 13General Sports Store paid for the merchandise sold on June 2 less the return, taking any appropriate discount earned.Prepare the journal entries that Craig's Snowboards must make to record these transactions.
What will be an ideal response?
Identify the type of accounts that would appear on a firm's income statement
A. revenues and expenses. B. assets and revenues. C. assets and liabilities. D. liabilities and expenses.