Customer satisfaction or dissatisfaction takes place during moments of truth
a. True
b. False
Indicate whether the statement is true or false
True
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On October 1, Robins's Online Sales sold goods for $50,000 and accepted a six-month noninterest-bearing note. Current interest rates were 10%. The December 31 adjusting entry should be
A) Interest Receivable 2,500Interest Revenue 2,500 B) Discount on Notes Receivable 1,250Interest Revenue 1,250 C) Discount on Notes Receivable 2,500Interest Receivable 2,500 D) Interest Revenue 1,250Discount on Notes Receivable 1,250
The schedule of accounts receivable lists the total amount received from each customer
Indicate whether the statement is true or false
The defensive marketing strategy wherein a stream of new products are introduced by a firm and are announced in advance are referred to as ________ defense
A) mobile B) counteroffensive C) preemptive D) contraction E) flank
Which of the following is the correct formula for calculating days' sales in raw materials inventory for a manufacturer?
A. Raw materials used/Beginning raw materials inventory × 365. B. Average raw materials inventory/Raw materials used. C. Ending raw materials inventory/Raw materials used × 365. D. Raw materials purchased/Average raw materials inventory. E. Raw materials used/Average raw materials inventory.