Clearwater Hampers is a small British company that sells luxury food and drink in various combinations in picnic hampers. Food and wine are seen as classic, fail-safe gifts in a market where present-buying is increasingly tricky. Corporate customers, both in the United Kingdom and abroad, are important to the business. Clearwater has had several orders for more than a quarter of a million dollars. According to the company's leading salesperson, Peter Austin, "We have lots of repeat corporate customers as a result of the importance we place on getting the hampers out on time and filled with the right products."As proof statements of the superiority of Clearwater Hampers, Austin should most likely use:
A. Clearwater's website.
B. the SELL sequence.
C. free sample hampers.
D. dramatizations.
E. customer testimonials.
Answer: E
You might also like to view...
Suppose the M1 multiplier is currently 1.95 and the M2 multiplier is currently 8.03. If people decide to decrease the ratio of nontransaction accounts they hold relative to the amount of their transactions accounts, the M1 multiplier will ____ and the M2 multiplier will ____.
A. not change; decrease B. increase; also increase C. decrease; also decrease D. increase; not change
On September 12, Ryan Company sold merchandise in the amount of $9800 to Johnson Company, with credit terms of 3/10, n/30. The cost of the items sold is $6000. Ryan uses the periodic inventory system and the net method of accounting for sales. Johnson pays the invoice on September 18, and takes the appropriate discount. The journal entry that Ryan makes on September 18 is:
A.
| Cash | 9800? | |
| Accounts receivable | 9800? |
B.
| Cash | 9506? | |
| Accounts receivable | 9506? |
C.
| Cash | 5820? | |
| Sales discounts | 180? | |
| Accounts receivable | 6000? |
D.
| Cash | 9506? | |
| Sales discounts | 294? | |
| Accounts receivable | 9800? |
E.
| Cash | 6000? | |
| Accounts receivable | 6000? |
A strong internal control system will reduce the amount of substantive testing that must be performed
Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1) The cost of a building depends on whether the company is constructing the building or is acquiring an existing one. 2) When constructing a building for plant operations, payments for materials, labor, and miscellaneous costs are recorded as expenses. 3) After a machine is installed and is up and running, repairs and maintenance are recorded as part of the cost of the machine. 4) Installation costs are recorded as part of the cost of equipment.