To Obtain a New Customer, a Business Sells Merchandise to the Customer

question 103

Multiple Choice

To obtain a new customer, a business sells merchandise to the customer for $65. Normally, the merchandise sells for $85. For this sale, the business should record revenue of:

• A) $65.
• B) $85.
• C) either amount.
• D) an average of the two amounts.

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Definitions:

Insert Table Rows

The action of adding new rows to an existing table in a document or database.

Sizing Handle

A graphical user interface component, usually seen as small boxes on the corners of a selected object, that allows the user to resize the object.

New Record

Refers to setting or achieving an unprecedented level or result in a particular field.

Lookup Value

In spreadsheet applications, a function that searches for a value in a column or row and returns a corresponding value from another column or row.