Which statement is true about the free trade argument?
a. It has been adopted by numerous nations around the world through reductions in trade barriers.
b. It argues that tariffs and other trade barriers force industries to continually adjust practices.
c. It advocates for the uninhibited flow of goods, services, and capital between nations.
d. It is praised for considering real-world economic conditions and noneconomic factors like national security.
c. It advocates for the uninhibited flow of goods, services, and capital between nations.
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________ is the sharing of forecasts and related business information between retailers and vendors to improve supply chain efficiency and product replenishment.
A. Automated replenishment system B. Collaborative planning, forecasting, and replenishment (CPFR) C. Point-of-sale (POS) D. Electronic data interchange (EDI) system E. Universal Product Code (UPC) system
How is Accumulated Depletion disclosed in the financial statements?
a. Contra-asset account b. Expense account c. Contra-liability account d. Contra-revenue account
The processes involved in the manufacturing cycle include
A) order trigger. B) production scheduling. C) order fulfillment. D) order entry.
West Company declared a $0.50 per share cash dividend. The company has 190,000 shares issued, and 10,000 shares in treasury stock. The journal entry to record the dividend declaration is:
A. Debit Common Dividends Payable $95,000; credit Cash $95,000. B. Debit Retained Earnings $90,000; credit Common Dividends Payable $90,000. C. Debit Retained Earnings $5,000; credit Common Dividends Payable $5,000. D. Debit Common Dividends Payable $90,000; credit Cash $90,000. E. Debit Retained Earnings $95,000; credit Common Dividends Payable $95,000.