Which of the following courses of action is best suited for a company in the event of the entry of
a new competitor to the market?
A) re -estimating sales forecast B) repositioning its existing product
C) arranging for a backup partner D) conducting competitive analysis
D
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When the credit card processor deposits the gross proceeds from credit and debit card sales ________
A) there will be no fee charged for the transaction B) the deposit is made on the last day of the month C) the total sales less the processing fee assessed equals the net amount of cash deposited D) the processing fees are deducted from the company's bank account by the processor
On January 1, A Plus Services has the following balances
Accounts Receivable $25,000 (debit) Bad Debts Expense $0 A Plus Services has the following transactions during January: Credit sales of $140,000, collections of credit sales of $90,000, and write-offs of $16,000. A Plus Services uses the direct write-off method. At the end of January, the balance of Accounts Receivable is ________. A) $10,286 B) $59,000 C) $24,889 D) $75,000