The Dance Company, a renowned dance studio in Manhattan, enters into an agreement with La Danza in Spain to operate several dance studios
La Danza will provide capital for running the dance studios and The Dance Company will contribute its world-renowned expertise about the art of dance. In this case, The Dance Company enters a foreign market through ________.
A) contract manufacturing
B) management contracting
C) licensing
D) joint ownership
E) direct investment
B
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Which of the following is recorded in the cash payments journal?
A) adjusting entry for accrued salaries B) receipt of cash on supplies returned C) receipt of cash from services rendered D) payment of employees' salaries
A $10,000, 6%, 60-day note is received today. Because the business is short of cash, the note is discounted with a lender immediately (same day). If the discount rate charged by the lender is also 6%, what will be the amount of the interest expense incurred on this transaction?
a. $100 b. $1 c. $10 d. $50 e. None of the above
The degree of ______ in an organization is indicated by the extent to which decision-making is concentrated at a single point.
A. decentralization B. centralization C. complexity D. coordination
Suspension of performance is a remedy exclusively available to the seller
Indicate whether the statement is true or false