Equipment with an original cost of $75,000 and accumulated depreciation of $40,000 is sold for $28,000 . The entry to record the sale includes a
a. debit
to Accumulated Depreciation, $28,000; b. credit to Gain on Sale of
Equipment, $7,000; c. debit to Cash, $40,000; d. all of these; e. none of these.
E
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The American economy consists of a complex combination of organizations and variables, such as countless companies differing in size and what they sell, current events, and markets (for example, the housing market and the stock market). According to ________, all of these independent factors interact with one another according to certain simple rules.
A. complexity theory B. a closed market system C. a market web D. contingency theory E. behavioral theory
Firms that serve small segments not being pursued by other firms are called ________
A) market followers B) market mavens C) market challengers D) market nichers E) market leaders
The customer strategy always takes into consideration:
A) maintaining a close partnership B) what the customer needs C) the profit margins of the product D) the relationship between the selling partners E) the company's sales quotas
Guest workers
A. are temporary economic immigrants. B. work on an illegal basis. C. are only employed in the agricultural and construction sectors. D. tend to be highly skilled workers, and thus are well-respected guests. E. often immigrate during an economic downturn.