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
B
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A DROP-error occurs when the company accepts a bad idea
Indicate whether the statement is true or false
A company has net income of $855,000; its weighted-average common shares outstanding are 171,000. Its dividend per share is $1.40, its market price per share is $107, and its book value per share is $104.50. Its price-earnings ratio equals:
A. 1.10. B. 3.90. C. 21.40. D. 20.90. E. 2.50.
Hunter Sailing Company exchanged an old sailboat for a new one. The old sailboat had a cost of $160,000 and accumulated depreciation of $100,000. The new sailboat had an invoice price of $270,000. Hunter received a trade in allowance of $70,000 on the old sailboat, which meant the company paid $200,000 in addition to the old sailboat to acquire the new sailboat. If this transaction has commercial substance, what amount of gain or loss should be recorded on this exchange?
A. $10,000 gain. B. $10,000 loss. C. $60,000 loss. D. $0 gain or loss. E. $70,000 loss.
A penalty is a contractual provision designed to deter a party from breaching a contract
Indicate whether the statement is true or false