________ play an important role in matching supply and demand by providing consumers with a broad assortment of products in small quantities

When paying via ________, the goods are shipped by the exporter and received by the importer before payment, and the exporter then bills the importer for the goods, stipulating the amount, form, and time at which payment is expected

A) payment in advance B) open account C) letters of credit D) countertrade

The following journal entry was included in the accounting records of Jonase, Inc Feb. 11 Cost of Goods Sold 7,000 Inventory 7,000 This entry is needed when Jonase records the:

A) cost of merchandise sold. B) sales price of merchandise sold. C) cost of merchandise returned by a customer. D) net effect of a sales transaction.