Which one of the following ratios is a common analytical tool used by merchandise corporations, but not by service corporations?
a. Earnings per share
b. Gross profit ratio
c. Current ratio
d. Profit margin
b
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A & B Commercial Cleaning is a new business. During its first year of operations, credit sales were $42,000 and collections from credit sales were $31,000. One account for $625 was written off. Management uses the percent-of-sales method to account for bad debts expense and estimates 2% of credit sales to be uncollectible. What is the balance of Accounts Receivable at the end of the first year?
A) $11,000 B) $9535 C) $10,375 D) $10,160
Differentiated marketing can involve connecting the same product with different market segments by communicating differently to each segment
Indicate whether the statement is true or false
A key advantage of teams and groups is that under the right circumstances they enhance productivity
Indicate whether the statement is true or false.
The standardization and grading function of marketing involves
A. movement of goods from one place to another. B. promoting goods and services through media. C. sorting products according to size and quality. D. looking for and evaluating goods and services. E. collection, analysis, and distribution of information.