For the United States, which organization makes loans to foreign buyers of U.S. manufactured goods?
a. Export-Import Bank
b. Domestic International Sales Corporation
c. Organization for Economic Cooperation and Development
d. Commodity Credit Corporation
a. Export-Import Bank
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An entry is required both on the date of declaration and the date of payment
a. True b. False Indicate whether the statement is true or false
The buyer in a straight rebuy usually changes product specifications, prices, delivery requirements, or other terms
Indicate whether the statement is true or false
Indirect costs incurred are charged directly to the Work in Process Inventory account
Indicate whether the statement is true or false
Use the following selected information from Wheeler, LLC to determine the 2018 and 2017 trend percentages for cost of goods sold using 2017 as the base. 2018 2017 Net sales$279,700? $232,100? Cost of goods sold 151,200? 130,290? Operating expenses 54,540? 52,540? Net earnings 28,720? 20,520?
A. 66.2% for 2018 and 64.6% for 2017. B. 116.0% for 2018 and 100.0% for 2017. C. 54.1% for 2018 and 56.1% for 2017. D. 120.5% for 2018 and 100.0% for 2017. E. 36.1% for 2018 and 40.3% for 2017.