Which of the following serves as the journal of last resort?
A) purchases journal
B) sales journal
C) general journal
D) cash payments journal
C) general journal
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Antonio is single and has taxable income of $170,000 without considering the sale of a capital asset (land held for investment) in September of 2019 for $25,000. That asset was purchased six years earlier and has a tax basis of $5,000. The tax liability applicable to only the capital gain (without consideration of any additional Medicare tax) is
A. $3,000. B. $6,400. C. $4,000. D. $3,750.
Which of the following statements holds true for an everyday low-pricing (EDLP) strategy?
A. Slow-selling merchandise can be sold by discounting the price. B. The use of EDLP increases the need for advertising. C. Customers need to wait for items to go on sale. D. It allows retailers to charge higher prices to customers who are not price sensitive. E. EDLP retailers do not have to incur the labor costs of changing price tags.
What are the elements of the circular relationship in managing a sales call?
A. Planning, implementation, and evaluation. B. Preapproach, presentation, and close. C. Presentation, close, and follow up. D. Planning, implementation, and documentation. E. Approach, presentation, and close.
Consumers engage in limited search for items like midrange fashion apparel, home furnishings, and appliances. These are examples of ________ goods, which are candidates for selection distribution.
A. durable B. convenience C. shopping D. technology E. impulse