Which of the following is wrong statement? OA) Marketing Management identifies market opportunities and develop appropriate strategies. B) In the marketing process, the main goal meets the satisfying goods and services to target market Marketing is a process or system of business activity including plan, promote and etc. D) Market is a place where buyers and sellers sales and buys from producers. E) Marketing management focuses on the existing market and certain conditions Average Collection Period can be calculated OA) by dividing net credit sales into the average net accounts receivable. B) by dividing 365 into the average net accounts receivable. OC) by dividing 365 into net credit sales. D) by dividing net credit sales into 365. E) by dividing 365 into the accounts receivable turnover. Which one is NOT an inventory follow-up method? OA) Last-in First-out method OB) Specific identification method C) Declarang balance method OD) First-in First-out method E Average-cost method 17. soru (5.00 puan) According to below data, what is Account Receivable Turnover? Gross credit sales $45,000. Returns and Allowances from credit sales is $5,000. Sales Discounts from credit sales $4,000. Accounts Receivable at the beginning of the year is $11,000. Allowances for Doubtful Accounts at the beginning of the year is $1,000 Accounts Receivable at the end of the year is $9,000. Allowances for Doubtful Accounts at the end of the year is $1,000. A) 6 B) 4 C) 8 D) 5 E) 7 20. soru (5.00 puan) Date Quantity. Cost Total Per Unit Cost Jan 1, Beginning Inventory 100 $10.00 $1,000.00 Mar 4, Purchase 400 15.00 6,000.00 May 8, Purchase 800 20.00 16,000.00 Nov 3, Purchase 500 30.00 15,000.00 Merchandise Available For Sell 1,800 $38,000.00 If 1,300 units are unsold, what is the ending inventory cost by using the LIFO A) $11,000 B) $9,600 C) $10,900 D) $6,000 E) $7,000 A company can accelerate its cash receipts by all of the following except: A) Selling receivables to a factor B) offering discounts for early payment C) accepting credit cards for customer purchases D) decreasing payment term for credit sales E writing off recevables If beginning inventory is $60,000, cost of goods purchased is $380,000, and ending inventory is $50,000, what is cost of goods sold? A) $390,000 w B) $370,000 C) $330,000 D) $360,000 E) $420,000 Company Xsells its $3.000 Accounts Receivables to the bank with 10% service commission. The bank transfers the necessary amount immediately to Company 's account Which of the following is correct journal entry ro be recorded by Company X? A) Cash 3.000 Accounts Receivable 1,000 Allowance for Doubtful Accounts 2,000 Accounts Receivable Service Charge Expenses Cash 2.700 300 3.000 Cash Service Charge Expenses Accounts Receivable 2.700 300 3,000 OD) Cash ) 3.000 Service Charge Expenses Sales Reveme 300 2.700 E) 2.700 300 Service Charge Expenses Sales Reveme 3.000