Answer:
c. Correct billing problems without being prompted by the customer.
Explanation:
If a salesperson notices a billing error in an order, he or she should <u>correct billing problems without being prompted by the customer.</u> A Salesperson should act there after the notice and fix the billing problems for the customer as it may result in confusion later.
Answer:
Salvage value
Explanation:
Salvage value is the value of an asset after all depreciation expenses has been expensed.
For example, an asset cost $500,000, it has a 2 year useful life. the depreciation percentage is 20% for each of the useful life of the asset, the salvage value =
Cost of the asset - accumulated depreciation
accumulated depreciation = 2 x($500,000 x 0,2) = $200,000
Salvage value = $500,000 - $200,000 = $300,000
$300,000 is the estimated amount of money that can be expected from some buyer at the end of asset’s useful life
Answer:
Explanation:
Financial activities would basically be anything that involves money but is does not involve an asset with value. This would instead be considered Investing activities if you are buying or selling any asset financial asset. Therefore the following would be considered...
a. Purchase of equipment (F)
b. Purchase of treasury stock
(I)
c. Reduction of long-term debt (F)
d. Sale of building (I)
e. Resale of treasury stock (I)
f. Increase in short-term debt (F)
g. Issuance of common stock (I)
h. Purchase of land (I)
i. Purchase of common stock of another firm (I)
j. Payment of cash dividends (I)
k. Gain on sale of land (I)
l. Repayment of debt principal (F)
Answer:
Blossom Corp.'s accounts receivable turnover ratio is 4.23 times
Days’ sales outstanding (DSO) of the company is 86.3 days
Explanation:
The accounts receivable turnover ratio is an efficiency ratio that measures how many times a company can collect its receivables or money owed by clients during the year.
Accounts receivable turnover ratio is calculated by following formula:
Accounts Receivable Turnover ratio = Net Credit Sales /Accounts Receivable = $5,546,000/$1,310,000 = 4.23 times
Days’ sales outstanding (DSO) = 365/Accounts receivable turnover ratio = 365/4.23 = 86.3 days
But much of the information<span> is </span>not<span> relevant, and its </span>use<span> can be ... Supermarkets, department stores and other retailers can now keep </span>track<span> of the items purchased by each ... data to third parties </span>without<span> users' effective </span>knowledge<span> or consent. ... the data they </span>gather<span> from those users are their greatest resource, ...</span>