Do you think Dawn engaged in unlawful solicitation, lawful solicitation, or no solicitation at all?
What will be an ideal response?
Even if Dawn had simply wanted to help a newcomer, she engaged in unlawful solicitation.
The solicitation rules prohibit a member of the legal team from soliciting a prospective client
where the primary motive is for “pecuniary gain.” Since her boss earns his living on
contingency fees, then Dawn’s suggestion that Candice consider talking to her boss is
prohibited solicitation.
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Which of the following is a good strategy for effectively handling rude or inconsiderate customers?
A. Don't maintain decorum. B. Don't make direct eye contact. C. Don't compromise, even if needed. D. Don't resort to retaliation.
Process costing is generally used for products:
a. that are custom-made. b. that are manufactured in small quantities. c. that are difficult to manufacture under job order costing. d. that are similar in nature and produced in large quantities. e. that can be manufactured in one department only.
McClintock Co. had the following transactions involving plant assets during Year 1. Unless otherwise indicated, all transactions were for cash.Jan. 2Purchased a truck for $70,000 plus sales taxes of $3,000. The truck is expected to have a $14,000 salvage value and a 4 year life.Jan. 3Paid $2,500 to have the company's logo painted on the truck. This did not change the truck's salvage value.Dec. 31Recorded straight-line depreciation on the truck.Prepare the general journal entries to record these transactions.
What will be an ideal response?
The operating cycle is the recurring transition of a firm's working capital from cash to inventories and inventories to receivables and back to cash
Indicate whether the statement is true or false