Sales/collection Steps LCM Corporation Completes the Steps Listed Below in Its Sales/collection

question 38

Essay

Sales/collection steps
LCM Corporation completes the steps listed below in its sales/collection process. Number them according to the order in which they should occur; if an item is not part of the sales/collection process; mark it with an "X."
a. Customer remits cash to LCM
b. Customers complete an online form indicating what they want to buy
c. Develop a monthly sales budget
d. Hold a meeting for sales staff to introduce new products
e. Inventory is loaded on a truck for delivery to the customer
f. LCM prepares and sends invoices to clients
g. LCM's credit department authorizes the sale
h. Prepare the income statement
i. Staff in the warehouse assemble the goods for the customer
j. Write off bad debts.

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Definitions:

Resistive

Pertaining to resistance, often in the context of materials or components impeding electrical current flow.

Heat

A form of energy that causes substances to increase in temperature or phase change, often produced by the movement of particles.

Cast Iron

A type of iron-carbon alloy that is noted for its high resistance to wear and its ability to be cast into complex shapes.

Metering Valve

A component in the braking system that regulates the pressure to the brakes, often used in rear to balance braking force.