The World Trade Organization (WTO) appellate body hears appeals that are limited to issues of law, not fact
Indicate whether the statement is true or false
TRUE
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The reliance that many jobs have on foreign trade is called
A) ethnocentrism B) global interdependence C) individualism D) collectivism
On March 12, Klein Company sold merchandise in the amount of $7,800 to Babson Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,500. Klein uses the perpetual inventory system and the net method of accounting for sales. On March 15, Babson returns some of the merchandise, which is not defective. The selling price of the returned merchandise is $600 and the cost of the merchandise returned is $350. The entry(ies) that Klein must make on March 15 is (are):
A.
| Accounts receivable | 600 | |
| Sales returns and allowances | 600 | |
| Cost of Goods Sold | 350 | |
| Merchandise inventory | 350 |
B.
| Sales returns and allowances | 588 | |
| Accounts receivable | 588 | |
| Merchandise inventory | 350 | |
| Cost of goods sold | 350 |
C.
| Sales returns and allowances | 588 | |
| Accounts receivable | 588 | |
| Merchandise inventory | 343 | |
| Cost of goods sold | 343 |
D.
| Sales returns and allowances | 350 | |
| Accounts receivable | 350 |
E.
| Accounts receivable | 600 | |
| Sales returns and allowances | 600 |
A business strategy that integrates the functions of sales, marketing, and customer service, using technology and massive databases of information is called
A. customer relationship management (CRM). B. vision and goals. C. performance indicators. D. strategic planning.
Morefield Custom Design sends 30 recliners by rail to Danville Furniture. To show where the goods will be shipped and who gets them when they arrive, Morefield will obtain ____, which can be used as collateral in a secured transaction.
A. a warehouse receipt B. a bill of lading C. chattel paper D. a deposit account