Karen's cell phone is only a year and half old, but a newer model has just been released,
and she wants to replace her phone with the new model. What characteristic of the
current business environment does this illustrate?
A. Spending trends
B. Growth of service businesses
C. Globalization
D. Shrinking product life cycles

Which of the following statements accurately describes how costs and benefits are calculated?

On september 12, ryan company sold merchandise in the amount of $5,800 to johnson company, with credit terms of 2/10, n/30. the cost of the items sold is $4,000. ryan uses the periodic inventory system and the net method of accounting for sales. on september 14, johnson returns some of the non-defective merchandise, which is restored to inventory. the selling price of the returned merchandise is $500 and the cost of the merchandise returned is $350. the entry or entries that ryan must make on september 14 is (are): multiple choice sales returns and allowances 490 accounts receivable 490 merchandise inventory 350 cost of goods sold 350 sales returns and allowances 490 accounts receivable 490 sales returns and allowances 500 accounts receivable 500 sales returns and allowances 490 accounts receivable 490 merchandise inventory 343 cost of goods sold 343 sales returns and allowances 350 accounts receivable 350

True or false entrepreneurs try to meet the needs of the marketplace by supplying a service or product