A bank with no physical location is referred to as a(n)?
a. Direct bank
b. Indirect bank
c. Virtual bank
d. Hidden bank
a. Direct bank
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The marketing department supports sales by planning, pricing, and promoting goods or services.
Answer the following statement true (T) or false (F)
Which of the following items should not be included in the cost of ending merchandise inventory?
A) units on consignment B) purchased units in transit, shipped FOB destination C) units on hand in the warehouse D) both (a) and (c)
The doctrine of unconscionability applies to Web contracts
Indicate whether the statement is true or false
On September 1, Year 1, Gomez Company collected $12,600 in advance from a customer for services to be provided over a one-year period beginning on that date. How much revenue would Gomez Company report related to this contract on its income statement for the year ended December 31, Year 1? How much would the company report as net cash flows from operating activities for Year 1?
A. $4200; $4200 B. $0; $12,600 C. $4200; $12,600 D. $12,600; $12,600