Phone calls and e-mail messages are usually taken more seriously than a written claim letter
Indicate whether the statement is true or false
False
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All of the following are examples of internal control activities except
a. rotation of key personnel. b. company picnics for all employees. c. bank reconciliations. d. insistence that employees take earned vacations.
Assuming you are a salesperson, in which of the following mental steps does the prospect decide he should buy from you because there are no remaining doubts in his mind?
A. Action B. Conviction C. Purchase D. Acceptance E. Desire
Which of the following is true about the sales force of a company?
A) Salespeople represent customers to the company and manage the buyer-seller relationship. B) Salespeople represent workers' interests to upper management. C) The primary responsibility of a sales force is to formulate operational strategies. D) The sales force is responsible for product development and product strategy. E) The sales force oversees the auditing process and recovers money from defaulting customers.
The books of the Speedster Company for the year ended December 31 . 2014, showed pretax income of $295,000 . In computing the taxable income for federal income tax purposes, the following timing differences were taken into account: Depreciation deducted for tax purposes in excess of depreciation recorded on the books ................... $14,500 Income from installment sale reportable for tax
purposes in excess of income recognized on the books .......... 11,500 What should Speedster record as its current federal income tax liability at December 31 . 2014, assuming a corporate income tax rate of 30 percent? a. $80,700 b. $84,700 c. $87,600 d. $89,400