The T-account close is also called the Benjamin Franklin close.
Answer the following statement true (T) or false (F)
True
The T-account close is based on the process that people use when they make a decision. Some sales trainers refer to it as the Benjamin Franklin close.
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Which of the following statements is true of the monetary aspect of a promise or order in a negotiable instrument?
A. The requirement of a "fixed amount" in a negotiable instrument applies only to interest and not principal. B. The amount of any interest payable is not described in the instrument. C. The promise or order in a negotiable instrument must be to pay a fixed amount of money. D. The amount of principal is calculated by reference to the formula or index referenced in the instrument if a variable rate of interest is prescribed.
Give an account of the social responsibility of businesses and list its four main theories
What will be an ideal response?
Which of the following is not correct regarding the manufacturing overhead budget?
A. Total budgeted cash disbursements for manufacturing overhead is equal to the total of budgeted variable and fixed manufacturing overhead. B. Budgeting overhead requires the use of many factors including production levels, management discretion, corporate policies, and external factors. C. The manufacturing overhead budget should provide a schedule of all costs of production other than direct materials and direct labor. D. Manufacturing overhead costs should be broken down by cost behavior.
A feature of our current tax system is that all income is taxed uniformly
Indicate whether the statement is true or false.