How is Income from Operations determined?
a. Net Sales ? Cost of Goods Sold ? Selling Expenses ? Administrative Expenses
b. Gross Profit ? Cost of Goods Sold + Selling Expenses
c. Gross Profit + Cost of Goods Sold
d. Net Sales ? Selling Expenses ? Administrative Expenses
a
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Organizations must tailor their ______ to the needs of their customers, ensuring that the expectations of these customers are met, and that the right product is delivered to the right place at the right time for the right price.
A. Inbound Logistics B. Operations C. Outbound Logistics D. Marketing and Sales E. Customer Service
Which of the following is true of cash discount?
A) It increases bad debts because after availing discounts all customers may not pay. B) It decreases the investment in accounts receivable and increases the per unit profit. C) It helps to speed up collections without putting pressure on customers. D) It reduces sales because the customers feel that the products are of inferior quality.