On a sales invoice, the button that is used to apply an outstanding customer credit memo or overpayment to an invoice is named the:
A) Apply Credit button.
B) Credit Memo button.
C) Debit Memo button.
D) Apply Debit button.
Answer: A
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Rice Corporation manufactures two styles of lamps—a Bedford Lamp and a Lowell Lamp
The following per unit data are available: Bedford Lamp Lowell Lamp Sales price $26 $36 Variable costs $14 $26 Machine hours required for one lamp 4 5 Total fixed costs are $50,000. Machine hour capacity is 25,000 hours per year. Assuming that the company can sell as many products as it can make, which product mix would deliver the highest operating income? A) 5,000 Bedford Lamps and 6,250 Lowell Lamps B) 0 Bedford Lamps and 5,000 Lowell Lamps C) 6,250 Bedford Lamps and 0 Lowell Lamps D) 6,250 Bedford Lamps and 6,250 Lowell Lamps
________ involves sending letters or catalogues to reach potential customers
A) Direct mail marketing B) Advertising C) Personal selling D) Telemarketing