If an accrued liability for salaries is not recorded, income for the following period will be overstated
Indicate whether the statement is true or false
False
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In the context of effective delegation, the first step leaders should take when deciding what to delegate is to identify all their present activities.
Answer the following statement true (T) or false (F)
Match each term with the correct statement below.
a. wholesaling b. retailing c. agent d. broker e. contractual VMS f. corporate VMS g. administered VMS h. e-tailing i. order processing 1. The process of a marketing intermediary selling goods to other organizations, rather than the ultimate consumer. 2. The condition that exists when channel organizations are bound together through legal agreements. 3. The process of selling goods and services to customers over the Internet. 4. The process of selling goods and services to the ultimate consumer for personal use. 5. A marketing intermediary that negotiates contracts between the manufacturer and a third party, but never actually has legal title to the goods. 6. The element of physical distribution that focuses on the receipt and preparation of an order for shipment. 7. The condition that exists when channel members remain independent but are dominated by a single channel member.
Indirect exporters commonly employ the services of export trading companies and export management companies
Indicate whether the statement is true or false
Catano Corporation pays for 40% of its raw materials purchases in the month of purchase and 60% in the following month. If the budgeted cost of raw materials purchases in July is $256,550 and in August is $278,050, then in August the total budgeted cash disbursements for raw materials purchases is closest to:
A. $111,220 B. $153,930 C. $166,830 D. $265,150