Knowing the needs of the receiver is essential to preparing an effective sales message
Indicate whether the statement is true or false
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Reasons for sourcing globally that were discussed in the text include all of the following except
A. avoiding taxes in the home country. B. improving the quality of a company's products. C. obtaining a lower price. D. accessing products not available locally.
Hardhat Machine Company sold goods to Irish Eyes Company of Northern Ireland. Big Bank issued a letter of credit on behalf of Irish Eyes and the letter was given to Hardhat. The documents required by the letter of credit are presented to the bank for payment while the goods are still in transit. Is Hardhat entitled to be paid?
a. No, payment is not due until the goods are delivered. b. No, payment is not due until 30 days after delivery. c. No, payment is not due until the buyer has had a reasonable time to inspect the goods. d. Yes, the letter of credit is a promise by the bank to pay when certain documents are presented.
Which of the following is not a taxpayer filing status for purposes of determining the appropriate tax rate schedule?
A. Head of household B. Single C. Qualifying widow or widower D. Married filing separately E. All of these are taxpayer filing statuses
Which of the following statements is correct?
A. A firm has estimated that it will save $40,000 in utility expenses annually if it replaces an old machine with a new, more technologically advanced machine. The $40,000 is a relevant cash flow that should be included in the computation of the machine's supplemental operating cash flows. B. Inflation does not need to be considered in capital budgeting analyses. C. The tax deduction associated with a project's depreciation expense is not a relevant cash flow in capital budgeting analyses. D. The sunk costs associated with a project are relevant cash flows that should be included in capital budgeting analyses. E. The cost of advertising a product that the firm currently produces and sells is a relevant cash flow that should be included in the evaluation of a new capital budgeting project.