Net Sales equals Gross Sales - Sales Returns and Allowances - Accounts Receivable

Indicate whether the statement is true or false.

Answer: FALSE

Business

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Which of the following is the best example of business ethics guided by culture?

A. Emilia usually consulted with her lawyer before she fired any of her employees. B. Emilia typically wore dresses in public because women in her family traditionally favored dresses. C. Emilia generally followed guidelines set forth in the Bible in conducting business. D. Emilia never offered extra credit to her students because she believed grades should be based on regularly-assigned work.

Business

Title to a spouse's martial property can be transferred upon death by use of

a. an oral will b. a tenancy in common c. a living trust d. a letter of intent

Business