On August 16, 2019, Lancer Company received cash from a customer for services to be performed in October. What are the accounts by this transaction?
a. cash and service revenue
b. cash and unearned revenue
c. prepaid expense and cash
d. accounts receivable and revenue
e. cash and accounts receivable
Answer: b. cash and unearned revenue
Business
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A) average revenue per customer B) customer lifetime value C) cost to acquire a new customer D) cost to retain a channel member E) cost to retain a current customer
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SAP allows sharing of inventory and price data with the sales department
Indicate whether the statement is true or false
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