What are some of the ways businesses contact customers to survey them about products and services?


mail, Internet, telephone, personal contact

Business

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The cost of a long-term asset is expensed

a. in the period in which it is sold. b. in the period in which it is acquired. c. as the asset benefits the company. d. when it is paid for.

Business

Electronic data interchange is the digital exchange of data between organizations, which primarily is transmitted via the Internet

Indicate whether the statement is true or false

Business

Which of the following statements is not true regarding the Bill of Rights?

a. Freedom of religion is expressed in the First Amendment. b. Originally, the Bill of Rights applied only to limit or restrain the national government. c. Incorporation is the legal doctrine imposing the guarantees of the Bill of Rights upon the states. d. The Bill of Rights was ratified by a simple majority of the original 13 states.

Business

Your firm has a beginning balance of $8,000 cash, $2,000 inventory, and $10,000 initial equity. Your firm is operating in an all-cash environment without taxes. You sold $1,000 of inventory for three times the amount you paid for it

If this is your only transaction, your resulting balance sheet should most closely resemble which of the following choices? A) Cash = $8,000, accounts receivable = $3,000, inventory = $1,000, initial equity = $10,000, and retained earnings = $2,000 B) Cash = $11,000, inventory = $1,000. initial equity = $10,000, and retained earnings = $2,000 C) Cash $11,000, inventory = $2,000, initial equity $10,000, and retained earnings $3,000 D) Cash $11,000, inventory = $2,000, and initial equity = $13,000

Business