Field warehousing can be an important source of:
A) short-term financing with low risk to the lender
B) cash management for those who factor receivables
C) investing for those who follow the "relaxed cash strategy"
D) additional storage space for cash-strapped firms
Ans: A) short-term financing with low risk to the lender
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The implied obligation of managers, acting in their official capacities, to serve or protect the interests of groups other than themselves is referred to as ________
A) ethics B) managerial values C) political activism D) corporate social responsibility
In 2011, Seven Seas sold $20,000 worth of merchandise on account. Its accountant estimated that $400 of that amount would be uncollectible. In 2011, Saki, a Japanese customer, purchased $500 of merchandise on account from Seven Seas
In 2012, Saki declared bankruptcy while still owing the $500. What is the amount of bad debts expense Seven Seas should report on December 31, 2011? A) $100 B) $400 C) $500 D) $900