Phillips Co. reported total credit sales of $460,000 for Year 2. Its accounts receivable totaled $70,000 and $100,000 at the beginning and end of the year, respectively. What was the cash collected from customers during Year 2?
A. $460,000
B. $490,000
C. $530,000
D. $430,000
Answer: D
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On November 1, 2019, Alpha Omega, Inc. sold merchandise for $15,000, FOB destination, with payment terms, n/30. The cost of goods sold was $5,100. On November 3, the customer returns on this sale amounted to $6,000. The company received the balance on November 9, 2019. Calculate the cost of goods sold from these transactions.
A) $2,040 B) $5,940 C) $5,100 D) $3,060
The use of ________ at an early stage in a customer's exploration of an e-commerce website can provide insight into the state of his or her intentions.
A. social media B. web logs C. competitive surfing D. clickstream data E. phishing
________ is a purchasing description method that focuses attention on the outcomes the customer wants
Fill in the blank with the appropriate word.
The Mark IV Fund had a rate of return of 21% last year. If its beta weight was +1.5 and if the return on the overall market was 12%, its risk adjusted rate of return, RAROR, is
A) +19.5%. B) - 3.0%. C) +23.0%. D) + 2.0%.