Dan's Drugstore sells medicine to consumers for $20 that only cost $2 to produce. Critics accuse Dan's of ________
A) deceptive promotion
B) deceptive packaging
C) false advertising
D) excessive markups
E) redlining
D
You might also like to view...
Which of the following is true concerning the direct method of calculating operating cash flows?
A) does not tie the net income reported on a company's income statement to the net cash provided from operating activities B) does not show how the changes in the elements of a company's operating cycle affected its operating cash flows C) reports a company's operating cash inflows separately from its operating cash outflows D) All of these choices are true concerning the direct method.
Explain why a customer's purchase history may be considered the most important piece of information collected in a CRM system
What will be an ideal response?
When an organization takes time and resources to survey the environment to identify potential issues that might impact the organization, this is called ______.
A. framing B. scanning C. surveying D. research
A company purchased $1,800 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $200 worth of merchandise. On July 12, it paid the full amount due. Assuming the company uses a perpetual inventory system, and records purchases using the gross method, the correct journal entry to record the payment on July 12 is:
A. Debit Accounts Payable $1,600; credit Cash $1,600. B. Debit Accounts Payable $1,800; credit Cash $1,800. C. Debit Cash $1,600; credit Accounts Payable $1,600. D. Debit Merchandise Inventory $1,600; credit Cash $1,600. E. Debit Accounts Payable $1,600; credit Merchandise Inventory $32; credit Cash $1,568.