When a customer pays a seller a significant period of time after the goods are delivered, the consideration received by the seller always includes both transaction revenue and interest income
Indicate whether the statement is true or false
True
You might also like to view...
Merchandise inventory turnover measures the relationship between
a. assets and current liabilities. b. merchandise inventory and current liabilities. c. expenses and merchandise inventory. d. cost of goods sold and merchandise inventory.
What is the most accurate statement about keeping the indirect strategy ethical?
A) The indirect organizational strategy is unethical and manipulative because the writer deliberately delays the main idea. B) When you use the indirect strategy, your motives are to deceive the reader and to hide the news. C) Because the indirect strategy provides a setting in which to announce bad news, it should be used to avoid the truth. D) By delaying bad news, you soften the blow somewhat, as well as ensure that your reasoning will be read while the receiver is still receptive.
Based on the GLOBE study, Germany was found to be:
a. High for both assertiveness and uncertainty avoidance b. High assertiveness and low uncertainty avoidance c. Low assertiveness and high uncertainty avoidance d. Low on both assertiveness and uncertainty avoidance
Franz asks Gateway Mortgage Credit for a loan to pay for the purchase of a home. With a poor credit score and a high current debt-to-income ratio, Franz does not qualify for a standard mortgage. Gateway is most likely to provide
A. a deed in lieu of foreclosure. B. a reverse mortgage. C. a subprime mortgage. D. a workout agreement.