Which of the following is true of cash discount?
A) It increases bad debts because after availing discounts all customers may not pay.
B) It decreases the investment in accounts receivable and increases the per unit profit.
C) It helps to speed up collections without putting pressure on customers.
D) It reduces sales because the customers feel that the products are of inferior quality.
C
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Assuming there are no known bad debts when two single proprietors decide to combine their businesses, it is usual practice to enter the full amount of the Accounts Receivable as a debit and the amount of the Allowance for Bad Debts as a credit in placing each partner's investment in the books of the partnership
a. True b. False Indicate whether the statement is true or false
In organizations, most situations and outcomes are contingent; that is, the precise relationship between any two variables is likely to be dependent on other variables.
Answer the following statement true (T) or false (F)
A bearer instrument is negotiated by delivery alone
Indicate whether the statement is true or false
In the context of consumer pricing perceptions,odd pricing creates a perception of:
A. exclusivity. B. greater value. C. healthy competition. D. upscale positioning.