Before a Manager Decides to Drop an Unprofitable Customer,the Manager

question 22

True/False

Before a manager decides to drop an unprofitable customer,the manager should evaluate all the implications of the action for the affected customer,for other customers,and for the company.

Distinguish between various types of revenues and expenses and their recognition.

Recognize the importance of adhering to accounting principles such as the matching and revenue recognition principles.

Calculate key financial ratios and interpret their significance.

Understand the process and importance of closing entries in the accounting cycle.

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