An example of a distribution cost that can be directly assigned to selling activity would be:
a. Advertising costs.
b. Commissions.
c. Sales manager's salary.
d. Telephone expenses.
b
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Repeat customers differ from loyal customers in that repeat customers ________
A) have a loyalty score between 70 and 100 B) have a high product preference score C) are likely to recommend a company's product D) are often simply "big spenders" E) have low profit potential
On December 31, Strike Company has decided to trade-in one of its batting cages for another one that has a cost of $500,000. The seller of the batting cage is willing to allow a trade-in amount of $11,000. The initial cost of the old equipment was $215,000 with an accumulated depreciation of $185,000. Depreciation has been taken up to the end of the year. The difference will be paid in cash. What
is the amount of the gain or loss on this transaction? A) Loss of $11,000 B) Gain of $11,000 C) Loss of $19,000 D) No loss or gain will be recorded.
Which of the following is an element of misrepresentation?
A) The statement is false. B) The statement must be made a term of the final contract. C) The statement is one of fact. D) Both A and B E) All of the above
The 50th percentile female is 62.9 inches tall and should have a chair:
A) 15.7 inches high. B) 16.7 inches high. C) 17.7 inches high. D) 18.7 inches high. E) none of the above