Explain how do you account for financial losses

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Explain how do you account for financial losses in order to maintain quality customer service? For example, a restaurant that gives a free meal to an upset customer or a company that gives repeat customers a discount? From the viewpoint of a management accountant, how would this cost be classified and how would it figure into a company’s financial statements? Need enough points to write 300 word paper.

Reference no: EM13114623

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