Following the economic crisis in Asia, many companies in that region have turned to direct mail in order to save costs
Indicate whether the statement is true or false
TRUE
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Explain the concepts of the glass ceiling and the glass cliff and their relationship to each other.
What will be an ideal response?
A building with a book value of $ 46,000 is sold for $51,000 cash Using the indirect method, this transaction should be shown on the statement of cash flows as follows:
A) an increase of $46,000 from investing activities B) an increase of $51,000 from investing activities and a deduction from net income of $5,000 C) an increase of $51,000 from investing activities D) an increase of $46,000 from investing activities and an addition to net income of $5,000
A global strategy is one in which a company performs all of the following tasks, except it
A. coordinates its actions worldwide with strong headquarters control that represents a think-global, act-global approach. B. sells much of the same products everywhere. C. strives to build global brands. D. employs the same basic competitive approach in all countries where it operates. E. uses local brand names to cater to a country's specific needs.
On February 3, Smart Company sold merchandise in the amount of $5,800 to Truman Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Smart uses the perpetual inventory system and the gross method. Truman pays the invoice on February 18, and takes the appropriate discount. The journal entry that Smart makes on February 18 is:
A.
| Cash | 4,000 | |
| Accounts receivable | 4,000 |
B.
| Cash | 5,684 | |
| Accounts receivable | 5,684 |
C.
| Cash | 3,920 | |
| Sales discounts | 80 | |
| Accounts receivable | 4,000 |
D.
| Cash | 5,800 | |
| Accounts receivable | 5,800 |
E.
| Cash | 5,684 | |
| Sales discounts | 116 | |
| Accounts receivable | 5,800 |