True or False and explain:
An online bookstore located in Canada receives an order from a customer in the UK, so they are now a multinational company.
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financial accounting
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Question 4 (1 point) If a company determines that they will no longer be able to collect an account receivable, then this account receivable will be "written off" and removed from that company's balance sheet. True False Question 5 (1 point) When a company receives cash from a customer for a receivable that was previously written-off, the net affect on total assets is $0. True False Question 6 (1 point) On July 1st, a...
ISO 9000 is a set of international performance standards on quality management developed and published in 1987 by the International Organization for Safety. a. TRUE. b. FALSE. The central issue of Statistical Quality Control (SPC) is to identify, while products are being manufactured, the ones that vary too much from the norm, as they may not be manufactured within the specifications demanded by the customer. a. TRUE. b. FALSE.
When a company receives payment from a customer whose account was previously written off, the account is reinstated and the net realizable value of Accounts Receivable increases True or False True False
QUESTION 1 An Indemnity may be satisfied by: Cash Payment Replacement of what was damaged Repair of what was damaged All of the above QUESTION 2 The Financing form where a company receives funding to purchase materials to satisfy a customer order is called: Secured Loan Factoring Bank Loan Purchase Order Factoring QUESTION 3 None of the owners of a company that receives a SBA 7(a) loan are required to provide personal guarantees. True False ĚO OOO The SBA acts...
For the following statement, please choose either true or false, and explain: It is risky to operate multinationally, so it is not always wise to expand globally.
The basic principles of capital budgeting are valid for both domestic and multinational capital budgeting analysis. However, it is important to recognize the unique risks that multinational firms face when they perform capital budgeting analysis in a foreign market. For instance, a U.S.-based multinational firm might conduct business in Brazil, but any profits made must be repatriated, or returned, to the parent company and converted to U.S. dollars. There are significant risks inherent in these rather simple operations. In the...
system analysis and design lab
Constructing Data Flow Diagrams Boots Pharmacies are a series of pharmacies that are mainly opened in malls. During pandemic lockdown, there sales were reduced a lot as malls were closed, so they decided to create an online ordering system. The ordering process is described below: The customer will type in browser the pharmacy website link, then the website will load into the customer's browser. A two- way relationship between system and customer to: select medicine...
Question 1-True/False and Explain 1.The more inelastic the demand, the greater the output decrease of a per unit tax on producers Price Qty True or false 2. If in the future, there are newly discovered health problems associated with Cannabis, the demand will decrease, and some sellers will leave the market. As a result, the price effect on Cannabis is indeterminate but total sales will decrease. Price True or false 3. Because of a trade disagrecment between Canada and Pottsville,...
Part I (60 Points) Theory 1. The purpose of the Sarbanes-Oxley Act is to restore public confidence and trust in the financial reporting of companies. A True. B. False. IMPORTANT 2. Internal control consists of policies and procedures used by a company to A. Safeguard its assets. B. Process information accurately. C. Compliance with laws and regulations. D. All of the above. 3. At ASU Bookstore, a sales employee assists customers with finding the items the customer wishes to purchase,...