A form of time draft known as a trade acceptance is used as a credit device in commercial transactions
Indicate whether the statement is true or false
True
You might also like to view...
Ashley's is a clothing retailer. It recently launched a new range of cotton and linen clothing aimed at women in Middle Eastern countries. Light fabrics are preferred in these countries due to the hot climate. The segmentation approach used by Ashley's is
A. demographic segmentation. B. geodemographic segmentation. C. psychographic segmentation. D. lifestyle segmentation. E. geographic segmentation.
Honig Corporation had the following shares of stock outstanding on December 31, 2010: Common stock, $50 par value, 100,000 shares outstanding Preferred stock, 8 percent, $100 par value, cumulative, 10,000 shares outstanding Dividends were in arrears for 2008 and 2009 . On December 31, 2010, total cash dividends of $400,000 were declared. The total amounts payable to preferred stockholders and
common stockholders, respectively, are a. $200,000 and $200,000. b. $160,000 and $240,000. c. $240,000 and $160,000. d. $80,000 and $320,000.
Edgar Schein conceptualized culture as existing at three levels. Which one of the following is NOT one of those levels?
a. Values b. Basic assumptions c. Climate d. Artifacts
Sellers allow customers to use credit cards for all of the following reasons except:
A. To increase total sales volume. B. To speed up receipt of cash from the credit sale. C. To be able to charge more due to fees and interest. D. To lessen the risk of extending credit to customers who cannot pay. E. To avoid having to evaluate a customer's credit standing for each sale.