The accounts receivable turnover ratio increased significantly over a 2 year period. this trend count indicate that:
a. the A/R aging has deteriorated
b. the company has eliminated its discount policy
c. the company is more aggressively collecting customer accounts
d. customer sales have substantially decreased
Ans: c. the company is more aggressively collecting customer accounts
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Jason Retail had the following balances and transactions during 2017
Beginning Inventory 10 units at $74 June 10 Purchased 20 units at $81 December 30 Sold 20 units December 31 Replacement cost $83 The company maintains its records of inventory on a perpetual basis using the FIFO inventory costing method. Calculate the amount of ending Merchandise Inventory at December 31, 2017 using the lower-of-cost-or-market rule. A) $810 B) $830 C) $1,660 D) $2,490
The program designed to build long-term loyalty and bonds with customers that are facilitated by technology is:
A) permission marketing B) direct marketing C) customer relationship management D) frequency marketing