Marketing cost analysis starts with the assumption that
A. all marketing expenditures should be treated as overhead expenses.
B. marketing expenditures are made for a specific purpose-and so it makes sense to allocate costs to different market segments, customers, or products.
C. overall profit is what counts-so it isn't critical if some market segments, products, or customers are unprofitable.
D. "natural accounts" are more useful than "functional accounts."
E. All these answers are correct.
Answer: B
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The formula for depreciable cost is
a. Initial cost + Residual value b. Initial cost – Residual value c. Depreciable cost = Initial cost d. Initial cost – Accumulated depreciation
Two prominent features of the strategic plan are sales forecasts and the mission statement.
Answer the following statement true (T) or false (F)
The unadjusted trial balance at year-end for a company that uses the percent of receivables method to determine its bad debts expense reports the following selected amounts: Accounts receivable$440,000?DebitAllowance for Doubtful Accounts 1300?CreditNet Sales 2,150,000?CreditAll sales are made on credit. Based on past experience, the company estimates 3.0% of ending account receivable to be uncollectible. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense?
A. Debit Bad Debts Expense $6450; credit Allowance for Doubtful Accounts $6450. B. Debit Bad Debts Expense $13,200; credit Allowance for Doubtful Accounts $13,200. C. Debit Bad Debts Expense $14,500; credit Allowance for Doubtful Accounts $14,500. D. Debit Bad Debts Expense $11,900; credit Allowance for Doubtful Accounts $11,900. E. Debit Bad Debts Expense $16,450; credit Allowance for Doubtful Accounts $16,450.
In a split vote of a panel of appeals court judges: A) the case is always remanded
B) the panel must call in two more judges and take another vote. C) the prior decision must be affirmed. D) the minority judge may write a dissenting opinion for the record.