Which of the following openings is most appropriate for a straightforward claim letter?
A) ?You have sold me jewelry for three years, and you have never failed to deliver nice merchandise in the past.
B) ?On April 2 I opened your delivery containing the chain (Item No. 544558-15454 ) I ordered on March 1.
C) ?Please replace this damaged 18-inch sterling silver herringbone chain received as part of Order No. 248-21.
D) ?I am very upset with the broken 18-inch sterling silver herringbone chain in your recent shipment because I had no necklace to wear to my son's wedding!
C
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In order for a company to use single-segment pricing, it is necessary that ________
A) the company set a higher price than competitors for its product B) the company first use a price skimming strategy when entering the market C) the total cost of ownership of the company's product be less than that of competing products D) the company set the lowest product price among similar products E) there be no other competitor in the market
In a job order costing system, the purchase of materials on account should be recorded as follows:
A) Materials InventoryWork in Process Inventory B) Materials InventoryAccounts Payable C) Work in Process InventoryAccounts Payable D) Accounts PayableMaterials Inventory
The Superior Company acquired a building for $500,000. The building was appraised at a value of $575,000. The seller had paid $300,000 for the building 6 years ago. Which accounting principle would require Superior to record the building on its records at $500,000?
A. Monetary unit assumption. B. Revenue recognition principle. C. Measurement (Cost) principle. D. Business entity assumption. E. Going-concern assumption.
What are the major advantages of the North American Industry Classification System (NAICS)?
What will be an ideal response?