Which one of these would a financial advisor say is most important?
A) Making decent dough over the long haul
B) Making a quick buck
C) Avoiding paying taxes whenever possible
D) Properly financing a large purchase
A
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The OE/S process addresses the decision needs of managers of various sales and marketing functions through the use of:
a. vertical information flows b. horizontal information flows c. both vertical and horizontal information flows d. neither vertical nor horizontal information flows
On November 1, 2018, A U.S. company sold merchandise to a foreign company for 375,000 krone. The payment in krone is due on January 31, 2019. The spot rate was as follows: $0.20 per krone on November 1, 2018; $0.21 per krone on December 31, 2018; and $0.19 per krone on January 31, 2019 when the payment was received. Which of the following incorrectly describes the accounting for this foreign currency transaction?
A. The foreign currency transaction gain included on the income statement for the year ending December 31, 2018 was $3,750. B. The receivable was recorded at $75,000 on November 1, 2018. C. The foreign currency transaction loss included on the income statement for the year ending December 31, 2019 was $3,750. D. The receivable was recorded at $78,750 on the December 31, 2018 balance sheet.
Technology can be a wonderful way to creatively and professionally begin a sales presentation and enhance a demonstration.
Answer the following statement true (T) or false (F)
U.S. GAAP requires firms to expense research and development (R&D) costs in the period incurred
Indicate whether the statement is true or false