When operating in global business, American firms must take into account:
a. U.S. federal laws
b. the laws of all countries in which they have operations
c. international treaties and trade agreements that may apply d. laws in U.S. states
e. all of the other choices can be correct
e
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Assume that Healthy Lawn Maintenance estimates that it will not collect 2% of total credit sales in a given month. At the end of each month, it makes an adjusting entry. The aggregate effect of these entries during 2013 is as follows:
a. Bad Debt Expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40,000 Accounts Receivable, net. . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 40,000 b. Allowance for Uncollectibles . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40,000 Bad Debt Expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40,000 c. Bad Debt Expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40,000 Allowance for Uncollectibles . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 40,000 d. Bad Debt Expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40,000 Accounts Receivable, gross . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 40,000 e. Accounts Receivable, gross . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40,000 Bad Debt Expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40,000
Which of the following would most likely help Shane close a sale with the church representative?
A) considering the value proposition from the prospect's point of view B) focusing on every benefit and feature of rail car advertising C) negotiating tough points during the close D) mentioning additional fees during the close E) asking for the order only one time
Goodwill can be recorded as an asset when a(n):
A) business has above normal profitability compared to other businesses in its industry. B) business can determine that it has created customer goodwill and name recognition. C) offer is received to purchase the business at a price in excess of the value of the assets. D) business is purchased and payment is made in excess of the value of the net assets.
Fad products are characterized by popular styles, and they appeal to the mass market.
Answer the following statement true (T) or false (F)