Major considerations in channel of distribution selection include degree of directness and number of channel members.
Answer the following statement true (T) or false (F)
True
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Read the information about Cobb Company. By what amount will net income on a single-step income statement differ from net income on a multi-step income statement if Cobb Company prepares both formats?
a. $ 800 b. $ 600 c. $ 200 d. $ -0-
According to Staffan Linder, trade between two countries tends to be MOST pronounced when the countries
a. have similar tastes and preferences. b. experience economies of large-scale production over large output levels. c. have good political relationships. d. have approximately the same per capita income levels.
The balance in Wellstocked Company's accounts payable account on December 31 . 2014, was $1,225,000 before the following information was considered: • Goods shipped FOB destination on December 21, 2014, from a vendor to Wellstocked were lost in transit. The invoice cost of $45,000 was not recorded by Wellstocked. On December 28, 2014, Wellstocked notified the vendor of the lost shipment. •
Goods were in transit from a vendor to Wellstocked on December 31 . 2014 . The invoice cost was $60,000, and the goods were shipped FOB shipping point on December 28, 2014 . Wellstocked received the goods on January 6, 2015. What amount should Wellstocked report as accounts payable in its December 31 . 2014, balance sheet? a. $1,330,000 b. $1,285,000 c. $1,270,000 d. $1,225,000
Larry is a self-employed insurance salesperson. He decides to take his best customer to a Pacers basketball game. Larry is able to buy two floor seat tickets for $500 each. The face amount of the tickets is $200 each. How much of the total cost can Larry deduct?
A. $- 0 - B. $200 C. $400 D. $500 E. $1,000