A Company Factored $30,000 of Its Accounts Receivable and Was

question 177

True/False

A company factored $30,000 of its accounts receivable and was charged a 2% factoring fee. The journal entry to record this transaction would include a debit to Cash of $30,000, a debit to Factoring Fee Expense of $600, and credit to Accounts Receivable of $30,600.

Understand the significance of tailored marketing approaches for different geographic markets.

Recognize the use and impact of various marketing strategies (e.g., guerilla marketing, pull marketing).

Explain the concept and strategies for global branding and its impact on market presence.

Understand the role of glocalization in balancing global standardization and local customization of products and marketing strategies.

---

Definitions:

Gun-Free School Zone Act

Federal legislation in the United States that prohibits the unauthorized possession of firearms in designated school zones.

Commerce Clause

A provision in the United States Constitution that grants Congress the power to regulate trade between states, with foreign nations, and among Indian tribes.

Congress

The bicameral legislature of the United States, consisting of the House of Representatives and the Senate, responsible for making federal laws.

Constitutionality

The quality or condition of being in accordance with the constitution, often referring to laws or actions being tested for compliance with the constitutional framework.