In the United States, corporations are subject only to taxes imposed by the federal government.
Answer the following statement true (T) or false (F)
False
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Ava works in a call center, the more calls she makes, the higher the chance of closing a sale, leading to greater financial compensation. This is an example of which intermittent reinforcement schedule?
What will be an ideal response?
Clay Inc. has two divisions, Myrtle and Laurel. Following is the income statement for the previous year: Myrtle Laurel TotalSales$560,000 $336,000 $896,000Variable Costs 176,000 174,000 350,000Contribution Margin 384,000 162,000 546,000Fixed Costs (allocated) 284,375 170,625 455,000Profit Margin$99,625 $(8,625) $91,000What would Clay's profit margin be if the Laurel division was dropped and all fixed costs are unavoidable?
A. $384,000 profit B. $99,625 profit C. $91,000 profit D. $71,000 loss
The responsibility to review the work of the accountants and issue opinions as to the fairness of the financial statements rests with
a. the external auditor. b. the board of directors. c. the internal auditors. d. management.
Which step in the presentation plan involves determining needs and selecting a product solution?
A) approach B) needs identification C) presentation D) negotiation E) close