Purchasing managers are even more likely to be involved in buying by small service firms than in buying by large producers.
Answer the following statement true (T) or false (F)
False
Purchases by small service firms are often handled by whoever is in charge or their administrative assistant. This may be a doctor, lawyer, owner of a local insurance agency, hotel manager, or their secretary or office manager.
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_____________is the quality of accounting information that makes it dependable in representing the events that it purports to represent
Fill in the blank(s) with correct word
Missionary selling typically entails responsibilities such as making sure the stock is adequately displayed on shelves, setting up displays, providing demonstrations, and other activities sometimes called merchandising
Indicate whether the statement is true or false
The provisions of U.S. GAAP require firms to classify marketable securities into which categories?
a. Debt securities held to maturity for which a firm has both the intent and the ability to hold to maturity—shown on the balance sheet at an amount based on acquisition cost, but subject to impairment. b. Debt and equity securities held as trading securities shown on the balance sheet at fair value, with changes in fair value of securities held at the end of the accounting period reported each period in net income. c. Debt and equity securities held as securities available-for-sale shown on the balance sheet at fair value, with unrealized changes in fair value of securities held at the end of the accounting period included in other comprehensive income, and realized changes in fair value included in net income when a firm sells the securities. d. all of the above e. choices a and b, only.
Trade flows are good indicators of the magnitude of present sales.
Answer the following statement true (T) or false (F)