Which ebusiness component manages the transportation and storage of goods?
A. Elogistics
B. Software customization
C. Eprocurement
D. Data integration
Answer: A
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Buckle Company reported the following information for 2011 and 2012. Accounts payable, December 31, 2011 $ 60,000 Accounts payable, December 31, 2012 80,000 Inventory, December 31, 2011 45,000 Inventory, December 31, 2012 60,000 Cost of goods sold--2012 1,000,000 Assume that all merchandise purchases are on account. Under direct method how much cash was paid to suppliers for inventory purchases
during 2012? A) $1,005,000 B) $1,050,000 C) $ 995,000 D) $1,020,000
Prior to adjustment, the Allowance for Bad Debts account has a year-end debit balance of $500 . Estimated uncollectible accounts, based on an aging of the accounts receivable, total $6,200 . After the appropriate adjusting entry to recognize the bad debt expense, the Allowance for Bad Debts account should have a credit balance of:
a. $6,700 b. $5,700 c. $6,200 d. $6,100 e. None of the above are correct.