What does the E-SIGN Act provide?
A) Electronically signed contracts cannot be denied effect because they are in electronic form.
B) Electronic records can be sent to consumers who make purchases, without their specific consent to receiving the record.
C) It defines which technologies should be used to create a legally binding signature in cyberspace.
D) Only smart card verification creates a legally binding signature in cyberspace.
A
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Trainor Company estimates bad debt expense using a percentage of credit sales (5%). The company began its current year with an $8,500 balance in the allowance account. During the current year, $10,500 of accounts receivable were written off, and $1,200 of previously written off accounts were collected. Credit sales for the year were $255,000. The bad debt expense for the year was
A) $12,750 B) $11,550 C) $10,500 D) $8,500
Conversion cost does not include
a. direct labor. b. direct material. c. factory depreciation. d. supervisors' salaries.
CISG may apply even if the buyer's and seller's places of business are not in a contracting state
Indicate whether the statement is true or false
Niche marketing is a form of concentrated targeting.
Answer the following statement true (T) or false (F)