Comprehensive income could contain all of the following except
a. revenues.
b. investments by stockholders.
c. expenses.
d. unrealized investment gains and losses.
B
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Tommy Sanchez receives an annual salary of $62,000 . His employer agrees to pay him a 6 percent commission on all sales during the year in excess of $300,000 . Tommy's sales for the year total $357,000 . Tommy's total earnings are
a. $62,000 . b. None of the answers listed c. $65,420. d. $57,000 .
The par value of a bond is equal to its face value
Indicate whether the statement is true or false
An example of a pricing objective is to
a. ignore long-term pricing strategies in favor of short-term profits. b. increase market share irrespective of the cost of a product. c. maintain a price that is always under that of the competition. d. maintain a minimum rate of return.
In the European Union, approximately 25% of the total kilometers traversed by trucks are made by empty trucks on backhauls. This is an example of ______.
A. the importance of rail transport in the European Union B. the nonimportance of truck transport in the European Union C. economic wastes D. the need for local consumption