The Fair Debt Collection Practices Act applies directly to creditors
a. True
b. False
Indicate whether the statement is true or false
False
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A debit to Sales Returns and Allowances and a credit to Accounts Receivable:
A. Is recorded when a customer takes a discount. B. Reflects a decrease in amount due to a supplier. C. Recognizes that a customer returned merchandise and/or received an allowance. D. Reflects an increase in amount due from a customer. E. Records the cost side of a sales return.
If a contract requires the seller to deliver the goods to a carrier at a named place, who will then carry the goods to the buyer, the risk of loss passes to the buyer ________
A. when the goods leave the warehouse of the seller B. as soon as he/she accepts the contract in writing C. when the goods are handed over to the carrier at that place D. at the time the contract is concluded
In a limited partnership, there must be a least one general partner
Indicate whether the statement is true or false
________ integrates manufacturing and supply where manufacturing occurs just as raw materials arrive
A) Just in case manufacturing B) Just in time delivery C) Material requirements planning D) Economic order quantity