Promoting from outside the organization will bolster strong values and norms and build loyalty

Regarding the four-step closing process under the periodic inventory system, ________

A) purchase Returns and Allowances and Purchase Discount accounts are closed with a credit via the Income Summary account B) Sales Revenue is closed with a credit via the Income Summary account C) the beginning Merchandise Inventory, Purchases, and Freight In are closed with a debit via the Income Summary account D) the ending merchandise inventory balance must be recorded as a debit via the Income Summary account

In a debit card system, the _____

a. customer can either pay the full amount due immediately or defer payment b. customer is not billed until his or her billing cycle date c. retailer still has the risk of customer nonpayment d. purchase price is automatically deducted from a consumer's bank account and then entered into the retailer's account through a computer terminal