The business-to-consumer (B2C) contract is an example of an Internet contract.
Answer the following statement true (T) or false (F)
True
The business-to-consumer (B2C) is an example of an Internet contract. This is commonly used by small businesses to sell over the Internet.
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Under a backflush accounting system, the following entry is made when products are completed:
a. Debit-Finished Goods Credit-Work In Process b. Debit-Cost of Goods Sold Credit-Raw and In Process Credit-Conversion Costs c. Debit-Finished Goods Credit-Raw and In Process Credit-Conversion Costs d. Debit-Cost of Goods Sold Credit-Finished Goods
Analysts predict that B2B e-commerce in the United States will grow to approximately ________ by 2022.
A. $7.3 billion B. $73 billion C. $730 billion D. $7.3 trillion
A physical asset such as a high-definition, flat-screen TV or a Harley Davidson motorcycle is called a(n)
A) financial asset. B) liability. C) tangible asset. D) investment.
What is managerial accounting and how is it used to aid decision makers?
What will be an ideal response?