B. Foundations
A. family
B. corporate
C. operating
D. independent
C. operating
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'Preapproach' is the first stage in the selling process.
Answer the following statement true (T) or false (F)
?As the Industrial Revolution came to the United States, most firms operated in a(n) ____ orientation.
A. ?market B. ?societal C. ?sales D. ?evolutionary E. ?production
Pants Company and Shirt Company both produce and purchase fabric for resale each period and frequently sell to each other. Since Pants Company holds 80 percent ownership of Shirt Company, Pants' controller compiled the following information with regard to intercompany transactions between the two companies in 20X7 and 20X8: Percent Resold toNonaffiliate in YearProduced bySold to20X720X8Cost toProduceSale Priceto Affiliate20X7Pants Co.Shirt Co.70%30%$170,000 $200,000 20X7Shirt Co.Pants Co.50%30% 50,000 80,000 20X8Pants Co.Shirt Co. 75% 35,000 52,000 20X8Shirt Co.Pants Co. 40% 230,000 280,000 Required:a. Give the consolidating entries required at December 31, 20X8, to eliminate the effects of the inventory transfers in preparing a full set of consolidated
financial statements.b. Compute the amount of cost of goods sold to be reported in the consolidated income statement for 20X8. What will be an ideal response?
Mikinos has been raised to seek security through his religion. He has been taught very clear rules about how to behave. He was raised in a(n) ________ culture.
A. individualist B. uncertainty avoidance C. power distance D. short-term orientation E. masculinity