Claritas's PRIZM system links together census data and purchasing data to form psychographic-like segments
Indicate whether the statement is true or false
TRUE
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A company factored $45,000 of its accounts receivable and was charged a 3% factoring fee. The journal entry to record this transaction would include a:
A. Debit to Cash of $43,650, a debit to Factoring Fee Expense of $1350, and a credit to Accounts Receivable of $45,000. B. Debit to Cash of $45,000 and a credit to Accounts Receivable of $45,000. C. Debit to Cash of $45,000 and a credit to Notes Payable of $45,000. D. Debit to Cash of $45,000, a debit to Factoring Fee Expense of $1350, and a credit to Accounts Receivable of $43,650. E. Debit to Cash of $46,350 and a credit to Accounts Receivable of $46,350.
Which one of the following is the last step in the accounting cycle?
a. Journalizing business transactions b. Recording and posting adjustments c. Closing the accounts d. Preparing financial statements
A remittance advice is a form of turn-around document
Indicate whether the statement is true or false
Which of the following is a product attribute that may be difficult to evaluate even after it has been experienced?
A) search quality B) service quality C) experience quality D) credence quality E) benefit quality