The operating cycle is the average days' inventory on hand minus the average number of days to collect credit sales
Indicate whether the statement is true or false
False
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Texas Inc sold merchandise to Fagin Corp on December 28, 2014, with shipping terms of FOB destination. Fagin Corp received the merchandise on January 3, 2015 . Which one of the following statements is true?
a. Texas should record sales revenue on December 28, 2014. b. Fagin Corp. should pay the transportation costs. c. Fagin Corp. should include the merchandise in its inventory at December 31, 2014. d. Fagin Corp. should record a liability for the purchase on January 3, 2015.
All of the following are characteristics of a marketing research problem EXCEPT:
A) asks what the decision maker needs to do. B) asks what information is needed and how it should be obtained. C) is information oriented. D) focuses on the underlying causes. E) A and D
When you consider the reason for why audience members are in attendance, you are analyzing the
a. speaking situation. b. attendance situation. c. speaking purpose. d. attendance purpose.
A lack of understanding of one’s own culture along with a lack of understanding of others’ cultures can result in ______.
a. universalism b. relativism c. quick decisions d. having cultural blinders on