Distinguish between a "sale on approval" and a" sale or return."
(A) Sale on approval: (1) goods purchased by the buyer primarily for use; (2) goods may be returned by the buyer within a certain time limit if not satisfied; (3) acceptance of the goods takes place when the buyer decides to purchase after the actual time limit (or a reasonable) time expires.
(B) Sale or return: (1) goods purchased by a merchant buyer from a merchant seller primarily for resale; (2) merchant buyer accepts title (ownership) and risk of loss immediately at the time of the sale. (3) merchant buyer may cancel the sale after a reasonable time and return the goods to the merchant seller.
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New, emerging musical artists are now more receptive about using their songs in advertisements because they believe that using the songs will capture the kind of attention that will lead radio disc jockeys to play the song on the air
Indicate whether the statement is true or false
A consumer who uses Google to find comparative reports on new automobiles, is most likely using which of the following information sources for assistance?
A) personal B) public C) experiential D) commercial E) under-the-radar
Small sellers should first concentrate their marketing efforts on reaching ________
A) approvers B) initiators C) influencers D) users E) initiators
A company has the following accounts receivable and estimates of uncollectible accounts: 1. Accounts not yet due = $60,000; estimated uncollectible = 3%.2. Accounts 1-30 days past due = $20,000; estimated uncollectible = 20%.3. Accounts more than 30 days past due = $10,000; estimated uncollectible = 50%. Compute the total estimated uncollectible accounts.
What will be an ideal response?