Terms of sale establish
a. when ownership and title of the goods passes from seller to buyer.
b. what must be shown on the bill of lading.
c. which transportation mode must be used.
d. who handles freight claims.
a
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During its first year of operations, 2016, the Cocoa Company reported both a pretax financial and a taxable loss of $300,000. The income tax rate is 30% for the current and future years. Due to a sufficient backlog of sales orders, Cocoa did not establish a valuation allowance to reduce the $90,000 deferred tax asset. However, early in 2017, one major customer, representing 60% of the 2017
year-end sales backlog, went bankrupt. Cocoa now believes that it is more likely than not that 75% of the deferred tax asset will not be realized. The entry to record the valuation allowance would be A) Income Tax Expense 67,500Deferred Tax Asset 67,500 B) Income Tax Benefit from OperatingLoss Carryforward 67,500Deferred Tax Asset 67,500 C) Income Tax Expense 67,500Allowance to Reduce DeferredTax Asset to Realizable Value 67,500 D) Allowance to Reduce Deferred TaxAsset to Realizable Value 67,500Income Tax Expense 67,500
Selling is not the most important part of marketing. Explain why not
What will be an ideal response?
Answer the following statements true (T) or false (F)
1.Relationships between leaders and followers do not tend to change over time. 2.Out-group formation represents a dilemma for a leader. 3.A leader who lacks emotional intelligence could still be politically savvy. 4.The role of followers in leadership processes is often forgotten or underestimated. 5.The currency of exchange (in relationships) can be either tangible or intangible.
Using the Indirect Method For the following question(s), indicate how each transaction described would be classified on a statement of cash flows if the operating activities section is prepared under the indirect method. When using the indirect method, where is the gain from selling a long-term investment appear on the statement of cash flows? (The proceeds from selling the investment are
considered separately.) A) Operating activity B) Investing activity C) Financing activity D) Financing and Investing activities