Using the Continue Option for New Customers Instead of Choosing

question 31

Multiple Choice

Using the Continue option for new customers instead of choosing one-time customer may be preferred because -

• A) continue adds the sale to the customer aged detail report
• B) continue records the customer's name in the journal entry
• C) continue creates a partial customer record that you can complete later
• D) all of the above

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Definitions:

Minimum Payments

The smallest amount of money that one is required to pay on a debt by a specified due date to avoid defaulting.

Interest Costs

The cost associated with borrowing funds, typically expressed as a percentage of the total amount borrowed.

Self-Interest

That which each firm, property owner, worker, and consumer believes is best for itself and seeks to obtain.

Behavioral Economists

Researchers who study the psychological, social, cognitive, and emotional factors on the economic decisions of individuals and institutions and how those decisions vary from those implied by classical theory.