Most international customers will pay cash in advance unless the order is for a custom-made product.
Answer the following statement true (T) or false (F)
False
Few customers will pay cash in advance unless the order is for a custom-made product.
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Provide a brief definition of each of the following terms.
Sharp Inc manufactures high quality sunglasses that carry the endorsements of several sports personalities. In an effort to achieve sales targets for the fourth quarter of the year, Sharp Inc pressured its independent distributors to make unusually large orders of the sunglasses. Low-priced imitations of these sunglasses hit the market soon thereafter, causing the distributors to accumulate large
inventories. The distributors shipped these sunglasses back to Sharp Inc Sharp Incstored the returned sunglasses in a remote warehouse out of the view of its auditors and did not record them as returned goods. The actions a. are in accordance with U.S. GAAP. b. are in accordance with IFRS. c. violate ethical principles. d. are in accordance with U.S. GAAP, but not IFRS. e. are in accordance with IFRS, but not U.S. GAAP.
The "triple bottom line" refers to what three performance metrics a company should simultaneously succeed in?
A. planning, execution, and results B. legal, social, and economical C. legal, social, and environmental D. pay, power, and performance E. economic, social, and environmental
Which of the following is true about Social Security retirement benefits?
A. An earnings test exists for those beneficiaries aged 50 and under. B. Currently, an earnings test is required for those who have reached retirement age. C. Benefits are subject to federal income tax. D. An earnings test increases a person's incentive to retire. E. Benefits are entirely free from state income tax throughout the United States.