Which of the following is true of QR codes?
A. They are primarily Web 1.0 applications.
B. They are Web-based publications consisting primarily of periodic articles.
C. They are used to reflect the writings of a business or a corporation.
D. They are being threatened by near field communication.
E. They are considered a part of augmented reality.
Answer: D
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Fill in the blank(s) with the appropriate word(s).
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A carpet manufacturer has delivered carpet directly to the end consumer rather than to the carpet dealer. The carpet manufacturer is practicing which of the following?
A) postponement B) cross-docking C) channel assembly D) drop shipping E) float reduction
All of the following statements regarding valuation of receivables under U.S. GAAP and IFRS are true except:
A. Both require that the expense related to uncollectibles be recorded when the receivable is determined to be uncollectible. B. Both require that the expenses for estimated collectibles be recorded in the same period revenues generated from those receivables are recorded. C. Both require the allowance method for uncollectibles unless uncollectibles are immaterial. D. Both require that receivables be reported net of estimated collectibles. E. Both allow using percent of sales, percent of receivables, or aging of receivables to estimate uncollectibles.