Under a distributorship:
a. the distributor, like an agent, does not take title to the merchandise it receives.
b. the producer bears many of the risks connected with commercial sales.
c. both the producer and the distributor must take special care to ensure that the arrangement does not violate the antitrust laws of their respective governments.
d. multinational enterprises wishing to exploit an intellectual property right sell to a foreign company the right to use such property.
c
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Explain how just-in-time processes relate to the quality of an organization's outputs
What will be an ideal response?
Wala Inc. bases its selling and administrative expense budget on the number of units sold. The variable selling and administrative expense is $8.20 per unit. The budgeted fixed selling and administrative expense is $132,800 per month, which includes depreciation of $14,400. The remainder of the fixed selling and administrative expense represents current cash flows. The sales budget shows 8,000 units are planned to be sold in July.Required:Prepare the selling and administrative expense budget for July.
What will be an ideal response?
Kyle sold land on the installment basis for $100,000. His basis in the land was $70,000. Kyle received a $40,000 down payment and a real estate installment sale contract calling for $60,000 in additional payments in future years. In addition, Kyle paid $6,000 in commissions on the sale. What is the gross profit to be recognized in the current year?
A) $0 B) $9,600 C) $12,000 D) $24,000
The Digital Millennium Copyright Act (DMCA) was signed into law in 1998 and implements two 1996 WIPO treaties
a. True b. False Indicate whether the statement is true or false