The type of impulse shopping which is least planned by consumers is unplanned substitution
Indicate whether the statement is true or false
False
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During the knowledge acquisition stage of the selling process, a salesperson should gather all the following information, except:
A) identify the current price that the prospect is paying B) know and understand the prospect's customers C) identify the prospect's needs D) understand the prospect's business
Arun paid the following taxes this year:Real estate taxes on rental property he owns$4,000Real estate taxes on his own residence3,600Federal income taxes8,000State income taxes3,400Local city income taxes500What amount can Arun deduct as an itemized deduction on his tax return?
A. $7,500 B. $19,500 C. $15,000 D. $15,500
Which of the following is not one of the reasons why net income differs from cash flows from operations under the indirect method of calculating cash flows?
a. non-cash items, such as depreciation and amortization b. changes in working capital accounts c. gains and losses related to the sale of plant, property and equipment d. sale or repurchase of capital stock
A law firm billed a client $3000 for work performed in the current month. Which of the following general journal entries will the firm make to record this transaction?
A. Debit Accounts Receivable, $3000; credit Legal Fees Revenue, $3000. B. Debit Cash, $3000; credit Accounts Receivable, $3000. C. Debit Accounts Receivable, $3000; credit Unearned Legal Fees Revenue, $3000. D. Debit Cash, $3000; credit Unearned Legal Fees Revenue, $3000. E. Debit Legal Fees Revenue, $3000; credit Accounts Receivable, $3000.