Peterson, an American exporter, sells lumber to Hydeaki, a Japanese importer, using a documentary letter of credit. In this situation, the correspondent bank will be in Japan
Indicate whether the statement is true or false
False
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A decrease in the Retained Earnings account is recorded with a debit
Indicate whether the statement is true or false
Which of the following statements is not true?
a. Performance reports should be tailored to the responsibilities of the manager or department for which they are prepared. b. Performance reports normally report standard costs and variances. c. Performance reports should contain space for explanation of variances. d. Performance reports do not present the causes of variances.
In which revenue model does an existing business allow another party to trade under the name of that business?
a. an intermediation revenue model b. a franchising revenue model c. a brokerage model d. an advertising model
Attracting a new customer is five times as costly as retaining an existing one.
Answer the following statement true (T) or false (F)