It is advisable to treat local distributors as temporary market-entry vehicles

Indicate whether the statement is true or false


FALSE

Business

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Potential export problems include packaging, government red tape, warehousing, advertising, and trade restrictions

Indicate whether the statement is true or false

Business

If the average aggregate inventory value is $1,200,000 and the cost of goods sold is $600,000, which of the following is inventory turnover?

A. 2 B. 0.5 C. 10.4 D. 60 E. None of these

Business

Capital project funds exist for the duration of the project for which it is created and are then closed.

Answer the following statement true (T) or false (F)

Business

The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year:Raw MaterialsBeg Bal4,500 8,000 4,700      Work in ProcessBeg Bal3,600 21,700 5,700   8,000   7,800      Finished GoodsBeg Bal1,700 19,900 21,700      Manufacturing Overhead 2,300 7,800 3,000   2,700      Wages & Salaries Payable 19,900Beg Bal2,000   11,000    Cost of Goods SoldBeg Bal19,900          The manufacturing overhead applied was:

A. $3,000 B. $2,700 C. $13,700 D. $7,800

Business