In the event that a firm goes bankrupt and is liquidated, who is paid off first, second, and third between workers, debt holders, and stockholders?
A. (1) debt holders; (2) workers; (3) stockholders
B. (1) stockholders; (2) workers; (3) debt holders
C. (1) workers; (2) debt holders; (3) stockholders
D. (1) workers; (2) stockholders; (3) debt holders
Answer: C
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Tangible assets that are attached to natural resources are depreciated over
A) the life of the natural resource B) the shorter of the tangible asset's life or the natural resource's life C) the life of the tangible asset D) the longer of the tangible asset's life or the natural resource's life
On January 1, Biden, Inc.'s Work-in-Process Inventory account had a balance of $31,900. During the year, $58,500 of direct materials was placed into production. Manufacturing wages incurred amounted to $85,000, of which $64,500 were for direct labor. Manufacturing overhead is allocated on the basis of 120% of direct labor cost. Actual manufacturing overhead was $90,300. Jobs costing $220,800 were completed during the year. What is the December 31 balance of Work-in-Process Inventory?
A) $154,900 B) $31,900 C) $232,300 D) $11,500
According to the text, the development of a strong relationship between the salesperson and the prospect begins:
A. with the follow-up. B. when the customer is presented with product benefits. C. when all objections have been handled. D. when the first order is placed. E. when the salesperson analyzes the customer's needs.
Describe what techniques or practices you would use in demonstrating active listening during an interview.
What will be an ideal response?