Salespeople need to segment their accounts by the amount of revenue generated to:
A. accomplish all their personal goals.
B. perform an OAKS analysis before a value analysis.
C. improve the quality of their firm's advertising campaigns.
D. reduce the amount of time they spend with large accounts.
E. ensure they use their time appropriately.
Answer: E
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Gideon Company uses the direct write-off method of accounting for uncollectible accounts. On May 3, the Gideon Company wrote off the $2,000 uncollectible account of its customer, A. Hopkins. On July 10, Gideon received a check for the full amount of $2,000 from Hopkins. On July 10, the entry or entries Gideon makes to record the recovery of the bad debt is:
A.
| Accounts Receivable-A. Hopkins | 2,000 | |
| Bad debts expense | 2,000 | |
| Cash | 2,000 | |
| Accounts Receivable-A. Hopkins | 2,000 |
B.
| Cash | 2,000 | |
| Accounts Receivable-A. Hopkins | 2,000 |
C.
| Cash | 2,000 | |
| Bad debts expense | 2,000 |
D.
| Accounts Receivable-A. Hopkins | 2,000 | |
| Allowance for Doubtful Accounts | 2,000 | |
| Cash | 2,000 | |
| Accounts Receivable-A. Hopkins | 2,000 |
E.
| Allowance for Doubtful Accounts | 2,000 | |
| Accounts Receivable-A. Hopkinse | 2,000 | |
| Accounts Receivable-A. Hopkins | 2,000 | |
| Cash | 2,000 |
Which of the following is/are NOT a business raw material?
A. sugar cane B. logs C. iron ore D. coal E. grease
Vandermeer Products, Inc., has a Antennae Division that manufactures and sells a number of products, including a standard antennae. Data concerning that antennae appear below:?Capacity in units88,000?Selling price to outside customers$97?Variable cost per unit$50?Fixed cost per unit (based on capacity)$23The company has a Aircraft Products Division that could use this antennae in one of its products. The Aircraft Products Division is currently purchasing 11,000 of these antennaes per year from an overseas supplier at a cost of $88 per antennae.Required:a. Assume that the Antennae Division is selling all of the antennaes it can produce to outside customers. What is the acceptable range, if any, for the transfer price between the two divisions?b. Assume again that the Antennae
Division is selling all of the antennaes it can produce to outside customers. Also assume that $1 in variable expenses can be avoided on transfers within the company due to reduced shipping and selling costs. What is the acceptable range, if any, for the transfer price between the two divisions? What will be an ideal response?
________ are objectives with a broad focus.
A. Goals B. Targets C. Norms D. Requirements