The CISG governs only the formation of the contract of sales and the rights and obligations of the seller and buyer. It does not cover the validity of the contract or any of its provisions
a. True
b. False
Indicate whether the statement is true or false
True
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Generally, the work experience section of your résumé should include ________
A) detailed bullet points describing duties at all prior jobs B) supervisors' information C) salary information D) reasons for leaving past employment E) related internship experiences
In a traditional manufacturing environment, as the cost of goods sold account increases, which account is most likely decreasing?
A) Work in process inventory B) Finished goods inventory C) Raw materials inventory D) Cash
Which of the following is true of cash basis accounting?
A) All credit sales will be recorded as revenue. B) Revenue is recognized when a customer pays cash. C) Expenses are recognized when they are incurred. D) Accounts receivable and accounts payable can never be zero.
What is the net amount due on an invoice where the invoice amount is $2,589 and the terms are 2/10, n/45? Assume the invoice is paid within the discount period
A) $2,640.78 B) $2,537.22 C) $2,389.28 D) $2,071.20