What are the differences between merchandise and service imports and exports? Provide examples to illustrate your answer

What will be an ideal response?

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The company has $1679 credit sales at year end. Experiences show that 4% of credit sales may not be collectable. What is the estimated bad debt expense to be record at year end?

a. $1200 b. $419 c. $67.16 d. $100 e. None of these

Business

A major element in budgetary control is

a) the valuation of inventories. b) the comparison of actual results with planned objectives. c) approval of the budget by the stockholders. d) the preparation of long-term plans.

Business