According to the Action Selling training course, the key to sales success is:
A) telling customers about product benefits
B) asking customers effective questions
C) closing deals with customers
D) providing adequate reasoning
E) making many sales calls
B
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Verity Siding Company, owned by S. Verity, began operations in May and completed the following transactions during that first month of operations. Show the effects of the transactions on the accounts of the accounting equation by recording increases and decreases in the appropriate columns in the table below. Do not determine new account balances after each transaction. Determine the final total for each account and verify that the equation is in balance.May 1S. Verity invested $90,000 cash in the company.?2The company purchased $25,000 in office equipment. It paid $10,000 in cash and signed a note payable promising to pay the $15,000 over the next three years.?2The company rented office space and paid $3,000 for the May rent.?6The company installed new vinyl siding for a customer
and immediately collected $5,000.?7The company paid a supplier $2,000 for siding materials used on the May 6 job.?8The company purchased a $2,500 copy machine for office use on credit.?9The company completed work for additional customers on credit in the amount of $16,000.?15The company paid its employees' salaries $2,300 for the first half of the month.?17The company installed new siding for a customer and immediately collected $2,400.?20The company received $10,000 in payments from the customers billed on May 9.?28The company paid $1,500 on the copy machine purchased on May 8. It will pay the remaining balance in June.?31The company paid its employees' salaries $2,400 for the second half of the month.?31The company paid a supplier $5,300 for siding materials used on the remaining jobs completed during May.?31The company paid $450 for this month's utility bill.VERITY SIDING CO.???????????Assets =Liabilities + EquityDate?Accounts?AccountsNotesS. VerityS. Verity??MayCashReceivableEquipmentPayablePayableCapitalWithdrawalsRevenuesExpenses1?????????2?????????2?????????6?????????7?????????8?????????9?????????15?????????17?????????20?????????28?????????31?????????31?????????31?????????? $ - $ - $ - $ - $ - $ - $ - $ - $ - What will be an ideal response?
Janice was questioned recently about her department's spending in excess of the budget. This is an example of using the budget for performance measurement.
Answer the following statement true (T) or false (F)
In marketing, an action that is legal is by definition ethical
Indicate whether the statement is true or false
An intercompany transaction is a transaction between
a. two subsidiary corporations only. b. the subsidiaries and the parent company only. c. any two members of a consolidated entity. d. any two members of a consolidated entity, conducted at arm's-length. e. any three members of a consolidated entity.