Which of the following entries properly closes a temporary account?
A) Retained Earnings 20,000Service Revenue 20,000
B) Dividends 200Retained Earnings 200
C) Accumulated Depreciation 1,600Retained Earnings 1,600
D) Retained Earnings 400Salaries Expense 400
D
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At the maturity of the product life cycle, competition is generic and the job of the marketing manager is to convince potential customers that the new product satisfies their needs better than an existing substitute
Indicate whether the statement is true or false
The airline and hospitality industries use ________, by which they offer discounted but limited early purchases, higher-priced late purchases, and the lowest rates on unsold inventory just before it expires
A) special-customer pricing B) yield pricing C) cash rebates D) location pricing E) customer-segment pricing
Which statement most likely indicates that Lacey is implementing a summary-of-benefits close?
A) "Are you ready to purchase the package and provide us with the down payment to reserve the date?" B) "We've got you in the African Savannah room from six to midnight, with a four-course dinner for 200, cake-cutting and plating, and full bar for $16,000. Is that correct?" C) "If you sign the contract now I can give you a champagne toast for free." D) "Do you have any questions about pricing or package options?" E) "As soon as you sign the contract, your date will be booked!"
The best reason to give the receiver for a refusal is "company policy" because it requires no further explanation
Indicate whether the statement is true or false