A bricks-and-mortar retailer questions whether it should also sell goods through the Web as part of a dual distribution channel strategy. What step is involved in the retailer's direct marketing strategy?
a. order fulfillment
b. customer contact
c. customer response
d. business definition
d
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An example of a change in accounting principle is the change from the direct method of accounting for uncollectable accounts to the aging-of-receivables method
Indicate whether the statement is true or false
________ includes observation as well as analysis
A) Trace analysis B) Mechanical observation C) Personal observation D) Content analysis
Office equipment depreciation totaled $1,300 . What is the proper journal entry?
a. Debit Accumulated Depreciation-Office Equipment $1,300, credit Depreciation Expense-Office Equipment $1,300. b. Debit Factory Overhead (Depreciation Expense-Office Equipment) $1,300, credit Accumulated Depreciation-Office Equipment $1,300. c. Debit Depreciation Expense-Office Equipment $1,300, credit Accumulated Depreciation-Office Equipment $1,300. d. Debit Accumulated Depreciation-Office Equipment $1,300, credit Factory Overhead (Depreciation Expense-Office Equipment) $1,300. e. Debit Depreciation Expense-Office Equipment $1,300, credit Office Equipment $1,300.
Jones Corp purchased equipment for $45,000
Total depreciation of $36,000 was recorded. On January 1, 2017, Jones exchanged the equipment for new equipment, paying $56,000 cash. The market value of the new equipment is $65,000. Prepare the journal entry to record this transaction. Assume the exchange has commercial substance. What will be an ideal response