If your _________ shows a large lag between when sales are booked and revenue is collected you may want to restructure how you collect payments.
a. Cashflow
b. P&L
c. Balance Sheet
d. Business Plan
a. Cashflow
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A corporation has 50,000 shares of $25 par stock outstanding. If the corporation issues a 3-for-1 stock split, the number of shares outstanding after the split will be
a. 150,000 shares b. 50,000 shares c. 100,000 shares d. 16,666 shares
State two specific functions or jobs that should be segregated in the sales processing system
Feathertouch Company sold merchandize worth $800 on credit, terms n/15 and on the next day the customer returned merchandize worth $50, which cost $30 for Feathertouch company. What is the required journal entry to record the merchandize returns under the perpetual inventory system?
a. Accounts Receivables 50 Sales Returns and Allowances 50 Cost of Goods Sold 30 Merchandize Inventory 30 b. Sales Returns and Allowances 50 Accounts Receivables 50 Merchandize Inventory 30 Cost of Goods Sold 30 c. Accounts Receivables 50 Merchandize Inventory 50 Cost of Goods Sold 30 Sales 30 d. Merchandize Inventory 50 Sales 50 Sales 30 Cost of Goods Sold 30
Frito-Lay's ________ gathers daily sales data and sorts it by product line and by region
The marketing managers use the data to evaluate the market share of different Frito-Lay products compared to one another and to competing snack foods in each region where the company does business. A) case study B) acquired database C) syndicated research D) marketing information system E) marketing intelligence system