Suma Corp reported the following information for 2015 and 2016. Salaries payable, December 31, 2015 $ 3,700 Salaries payable, December 31, 2016 1,800 Salaries expense—2016 57,000 How much cash was paid for salaries during 2016?
a. $55,100
b. $55,200
c. $57,000
d. $58,900
d
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Which of the following is a form of trade protectionism?
A. A trade bloc B. A countertrade C. A revenue tariff D. An embargo E. Outsourcing
The customer relationship management process involves all the activities related to receiving and approving orders, shipping the goods on time, and collecting payment
Indicate whether the statement is true or false
Payment to a creditor is an example of a nonexchange business transaction
Indicate whether the statement is true or false
The Incoterm acronym CIP (named place of destination) refers to the situation where ______ and ______ are paid to destination, with risk passing from the seller when goods are handed to the carrier.
Fill in the blank(s) with the appropriate word(s).