Assume the gross amount of an invoice is $300 and a trade discount of 15% is allowed. The net amount is
a. $300; b. $255; c. $45; d. $15; e. $0
B
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Which of the following statements about an offer is true?
A. The death of an offeror will terminate the offer. B. An offer is effective upon dispatch. C. A grumbling acceptance is a rejection and terminates the offer. D. Any definite offer made by a merchant is called a "firm offer."
If underapplied factory overhead is immaterial, the account is closed by a credit to Cost of Goods Sold
Indicate whether the statement is true or false
Many multinational organizations as well as nationally and locally based ones are actively involved in ______.
a. community initiatives such as a mentorship programs for disadvantaged students b. selection of local community leaders c. developing marketing plans for local businesses d. profit sharing in public-private partnerships pursuing sustainable projects
Agency relationships exist only within employment relationships.
Answer the following statement true (T) or false (F)