Pierce Corporation reported a $3,600 balance in accounts receivable on January 1, Year 2. During the year, sales on account in the amount of $24,800 were made. If the ending balance of accounts receivable is $3,700, what is the amount of cash received from customers?
A. $21,500
B. $28,400
C. $21,200
D. $24,700
Answer: D
Business
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Cragmont has beginning equity of $277,000, net income of $63,000, dividends of $25,000 and no additional investments by stockholders during the period. Its ending equity is:
A. $315,000. B. $189,000. C. $365,000. D. $277,000. E. $239,000.
Business
The three levels of customer relationship marketing are transaction selling, relationship selling, and partnering/consultative selling.
Answer the following statement true (T) or false (F)
Business
Describe how a firm like AOL can reduce customer perceptions of risk?
What will be an ideal response?
Business
The reasonable person standard is a(n) ________ standard
A) subjective B) objective C) scientific D) objectified
Business