Trade credit is the most popular form of short-term financing available for most businesses.
Answer the following statement true (T) or false (F)
True
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In contemplation of death during risky surgery, Donnelly, a guitarist, gives his guitars to Cathy. The surgery is successful, and Donnelly does not die. The gift of the guitars is? A) not revoked because it was a gift causa mortis
B) not revoked because it was a gift inter vivos. C) revoked because it was a gift causa mortis. D) revoked because it was a gift inter vivos.
A line of credit is a short-term loan used in a business to help with financing fixed assets.
Answer the following statement true (T) or false (F)
In absorption costing, nonmanufacturing costs are assigned to units of product.
Answer the following statement true (T) or false (F)
Porter has identified three _________ business strategies for entering a new market: (1) broad cost leadership, (2) broad differentiation, and (3) focused strategy.
Fill in the blank(s) with the appropriate word(s).