A rolling budget is useful because the organization can continue to budget its operations 12 months into the future

James Service Company earned revenues of $100,000 and incurred expenses of $107,000. Prepare the entry to close the Income Summary account

What will be an ideal response

The key reason that the marketing concept has been recognized as the "right philosophy" is that it:

A) is well established in the marketing literature B) has been recommended by successful marketing executives C) does not rely on high-pressure selling D) stresses understanding the competition E) always puts the customer first