______ is a composite of what we read, piece together, experience, and/or want to be true.
A. Memory
B. Affectors
C. Scripts
D. Schemata
A. Memory
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The data below is for Music Corporation for 2015. Accounts receivable - January 1, 2015 $236,000 Credit sales during 2015 820,000 Collections from credit customers during 2015 590,000 Customer accounts written off as uncollectible during 2015 8,000 Allowance for doubtful accounts - January 1, 2015 8,700 Estimated uncollectible accounts based on an aging analysis 9,600 Refer to the data for Music
Corporation. If the aging approach is used to estimate bad debts, what is the balance in the Allowance for Doubtful Accounts after the bad debt expense adjustment? a. $8,000 b. $8,100 c. $8,900 d. $9,600
On June 30, Caroline, Inc. finished Job 750 with total job costs of $4400 and transferred the costs to Finished Goods Inventory. On July 6, Caroline sold goods from Job 750 to a customer for $6000 cash. Which of the following is the correct entry needed to record the revenue earned? Assume the perpetual inventory system is used.
A) debit Finished Goods Inventory $4400 and credit Sales Revenue $4400 B) debit Cash $6000 and credit Sales Revenue $6000 C) debit Sales Revenue $6000 and credit Cash $6000 D) debit Cost of Goods Sold $4400 and credit Sales Revenue $4400
The ________ is the written statement of marketing objectives, strategies, and activities to be followed in the business plan.
A. marketing system B. marketing structure C. marketing plan D. marketing mix
Which of the following statements concerning MRP is TRUE?
A) Dependent-demand items tend to experience relatively constant demand rates. B) MRP systems use independent demands for each component item. C) Capacity requirements planning (CRP) uses open orders (scheduled receipts) and planned order releases to estimate capacity requirements for critical workstations. D) The most accurate way to forecast dependent demand is to examine past usage rates.