Seville Co. issued 1,680 shares of $50 par value stock for $126,000. What is the total amount of contributed capital?
A. $84,000
B. $126,000
C. $42,000
D. $50
Answer: B
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When recruiting the sales force, sales managers prefer salespeople who
A. often avoid getting involved in negotiation process. B. get their point across confidently without being overbearing or aggressive. C. ensure that there is no negotiation during the process of closing a sale. D. are transaction-oriented rather than relationship-oriented.
When a salesperson calls on a new business prospect,
A. the probability of encountering a gatekeeper is high. B. the salesperson may have trouble identifying all of the buying center members. C. the salesperson usually must see the purchasing manager first. D. All these answers are correct.
In Case 3, dealing with NASA was an example of ______.
A. discontinuous change B. revolutionary change C. evolutionary change D. none of these
Marquez purchased some equipment for $58,750 on August 15, 2017. He decided he did not need the equipment so he sold it on June 13, 2018 for $56,500. The equipment was subject to depreciation of $6,964 for 2017 and 2018. What gain or loss will Marquez recognize on the sale of the equipment?
A. $2,250 capital loss. B. $4,714 ordinary gain. C. $4,714 capital gain. D. $2,250 ordinary loss.