A ________ is a promise to customers to sell currently out-of-stock merchandise at the advertised price when it arrives.

A. price audit
B. rain check
C. dynamic pricing policy
D. maintained markup
E. bona fide reference price


Answer: B

Business

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Sandoval needs to determine its year-end inventory. The warehouse contains 21,000 units, of which 3100 were damaged by flood and are not sellable. Another 2100 units were purchased from Markor Company, FOB shipping point, and are currently in transit. The company also consigns goods and has 4100 units at a consignee's location. How many units should Sandoval include in its year-end inventory?

A. 22,000 B. 30,300 C. 27,200 D. 24,100 E. 19,900

Business

On March 12, Klein Company sold merchandise in the amount of $8400 to Babson Company, with credit terms of 3/10, n/30. The cost of the items sold is $4800. Klein uses the perpetual inventory system and the net method of accounting for sales. On March 15, Babson returns some of the merchandise, which is not defective. The selling price of the returned merchandise is $660 and the cost of the merchandise returned is $380. The entry or entries that Klein must make on March 15 is (are):

A.

Accounts receivable660? 
  Sales returns and allowances 660?

B.
Sales returns and allowances640? 
  Accounts receivable 640?
Merchandise inventory369? 
  Cost of goods sold 369?

C.
Sales returns and allowances640? 
  Accounts receivable 640?
Merchandise inventory380? 
  Cost of goods sold 380?

D.
Sales returns and allowances380? 
  Accounts receivable 380?

E.
Accounts receivable660? 
  Sales returns and allowances 660?
Cost of goods sold380? 
  Merchandise inventory 380?

Business

Which is the only influence tactic that held stable positive relationships with both task and relationship research outcomes?

A. coalition B. legitimating C. pressure D. rational

Business

While preparing an electronic résumé that can be scanned accurately, _____.?

A) ?use a nontraditional résumé format B) ?include italics, underlining, open bullets, or graphic lines and boxes C) ?use popular, nondecorative typefaces D) ?keep white space to a minimum

Business