A company reported a gross profit percentage of 27% with net sales of $1,215,000. What is the amount of cost of goods sold?
A. $328,050
B. $349,788
C. $886,950
D. $1,193,263
Answer: C
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Companies that engage in long-term contracts can recognize income using either the _____________________________________________ method or the ________________________________________ method
Fill in the blank(s) with correct word
What is the preapproach?
What will be an ideal response?
The Achilles' heel (or biggest disadvantage/pitfall) of relying heavily on alliances and cooperative strategies is
A. that partners will not fully cooperate or share all they know, preferring instead to guard their most valuable information and protect their more valuable know-how. B. having to compromise the company's own priorities and strategies in reaching agreements with partners. C. the added time and extra expenses associated with engaging in collaborative efforts. D. becoming dependent on other companies for essential expertise and capabilities. E. the collaborative arrangements will not live up to expectations.
Boris tells a colleague about a major prospect he plans to call on in the next few days and asks the colleague to pretend to be a customer while he makes his sales presentation. Boris and his colleague are engaged in
A. role playing. B. closing the sale. C. requalifying leads. D. approach dynamics. E. cold calling.