Explain how a firm benefits from customers purchasing many times from the firm versus just one time
What will be an ideal response?
A firm's profitability and long-term success will be far greater if it develops long-term relationships with its customers so that those customers buy from this firm again and again. Costs will be far higher and profits lower if each customer purchase is a first-time sale, as it is more expensive to attract a new customer than it is to maintain a relationship with a current customer.
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Sales commissions would be excluded from special order decision analysis because
A) the customer approached the company directly. B) they are fixed costs and therefore irrelevant. C) they are administrative expenses. D) they are relevant variable costs.
Answer the following statements true (T) or false (F)
1. The balance sheet shows why cash increased or decreased. 2. The statement of cash flows shows where cash came from and how cash was spent. 3. The statement of cash flows is dated the same as the balance sheet. 4. The statement of cash flows explains why net income as reported on the income statement does not equal the change in the cash balance.
Describe the features of an effective claim denial
________ is the decentralized public ledgering system used to record cryptocurrency transactions.
A. Blockchain B. Inflation C. Satoshi D. Fiat currencies E. Bitcoin