According to the Text, Technological Advances Such as E-Mail and VoIP

question 31

True/False

According to the text, technological advances such as e-mail and VoIP have increased the appeal of international trade because it is now easy and inexpensive to manage customer needs and communicate with customers frequently.

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Definitions:

Net Sales

Sales revenue minus deductions for returns, allowances for damaged or missing items, and discounts.

Semiannually

Occurring twice a year or every six months, often used in the context of payments, interest accrual, or reporting periods.

Average Inventory

An accounting measure used to estimate the value or quantity of inventory over a period, typically calculated as the sum of the starting and ending inventory divided by two.

Beginning Inventory

The value of a company’s inventory at the start of an accounting period, before any purchases or sales have occurred.