Under an FOB contract, the seller delivery's the goods on board the ship decks and has no further transportation obligations
Indicate whether the statement is true or false
True
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Logan Sales provides the following information:
Net credit sales: $790,000 Beginning net accounts receivable: $43,000 Ending net accounts receivable: $22,000 Calculate the accounts receivable turnover ratio. (Round your answer to the nearest whole number.) A) 18 times B) 24 times C) 36 times D) 34 times
In what type of sales situations should a salesperson use benefit statements?
What will be an ideal response?
All of the following are associated with reporting controllable costs except:
A. Uncontrollable costs are allocated equally. B. Lower-level managers are responsible for detailed costs and so receive detailed reports. C. Higher-level managers receive summarized reports for focusing on broader issues. D. Responsibility and control broaden for higher-level managers. E. At lower levels, management have fewer controllable costs.
Cal purchased a whole life policy 6 years ago. The policy requires annual premium payments
Cal forgot to pay the premium that was due 2 weeks ago. He wonders if his life insurance is still in force. Which life insurance policy provision is designed to keep the policy in force for a short time even if the premium payment is late? A) waiting period B) grace period C) guaranteed purchase option D) reinstatement clause