The following information is from the Income Statement of the Swifty Laundry Service: Revenues
Service Revenues $4810
Expenses Salaries and wages expense $ 1810
Advertising expense 370
Rent expense 220
Supplies expense 150
Insurance expense 70
Total expenses 2620
Net income $2190
The entry to close the expense accounts includes a:

1. is the act of declaring a drivers license void and terminated when it is determined that the license was issued through error or fraud.

Adrawback of short-term contracting as an alternative to making a component in-house is thata. it is the most-integrated alternative to performing an activity so the principal company has no control over the agent. b. the supplying firm has no incentive to make any transaction-specific investments to increase performance or quality. c. it fails to allow a long planning period that individual market transactions provide. d. the buying firm cannot demand lower prices due to the lack of a competitive bidding process.

What type of negotiating strategy requires the supplier to open its books to the purchasers? a. competitive biddingb. cost-based price modelc. price-based modeld. market-based price modele. transparent negotiations