On February 22, Brett Corporation acquired 200 shares of its $5 par value common stock for $25 each. On March 15, the company resold 70 shares for $30 each. What is true of the entry for reselling the shares?
A. Credit Additional Paid in Capital $350.
B. Debit Treasury Stock $1,750.
C. Credit Treasury Stock $2,100.
D. Credit Cash $1,750.
Answer: A
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Consider a perpetuity that pays $150 every year. If the annual rate of discount is 4 percent, the present value of the perpetuity is
A. $210.00. B. $3,000.00. C. $3,600.00. D. $3,750.00.
What should the sales director of RealPlan most likely do before sending salespeople out to call on business buyers for the first time?
A) Make sure the salespeople have talked to businesspeople before. B) Ask the salespeople to rehearse the standard customer presentation. C) Adjust the sales forecast using the normal sales cycle for customers. D) Build long-term strategic alliances by creating systems selling appeals. E) Discuss the differences between consumer buyers and business buyers.
The term “CD” stands for:
a. clear deposit b. certain debt c. certificate of deposit d. creation of deposit e. checking deposit
Manfred was raised in a culture with a strong value of social support seeking, so on the job he is likely to
A) ask for help and comfort when facing a difficult problem. B) take members of the custodial staff to lunch. C) be persistent in asking for salary increases. D) avoid assignments that would require him to work on weekends.