When a sale is made on ____________, the seller assumes all the payment-related risk, so such terms should be offered only to reliable customers.

Fill in the blank(s) with the appropriate word(s).


open account

When a sale is made on open account, the seller assumes all the payment-related risk, so such terms should be offered only to reliable customers.

Business

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Income tax was $175,000 for the year. Income tax payable was $30,000 and $40,000 at the beginning and end ofthe year, respectively. Cash payments for income tax reported on the statement of cash flows using the directmethod is

a. $175,000 b. $165,000 c. $205,000 d. $215,000

Business

What year was the first public relations course taught, at New York University?

A. 1923 D. 1953 B. 1933 E. 1963 C. 1943

Business

The No Electronic Theft Act (NET) of 1997 permitted distribution of copyrighted material for the purposes of education and research

Indicate whether the statement is true or false

Business

Increasingly, organizations are restricting the use of their e-mail systems for business use only

Indicate whether the statement is true or false.

Business