About 200 to 300 of the thousands of pieces of legislature proposed in each session of Congress:
a. are valid pieces of legislation
b. pass both the House and Senate
c. are voted on by the general public d. pass the House, but not the Senate
e. are voted on by both Democrats and Republicans
b
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Which one of the following statements is false regarding the gross profit ratio?
a. The gross profit ratio is calculated by dividing net sales by gross profit. b. The gross profit ratio is a measure of profitability. c. The gross profit ratio can help investors decide whether or not to buy a company's stock. d. The gross profit ratio should be compared with both a company's prior years' ratios and also competitor ratios.
Sailor Construction Company has consistently used the percentage-of- completion method. On January 10, 2014, Sailor began work on a $3,000,000 construction contract. At the inception date, the estimated cost of construction was $2,250,000 . The following data relate to the progress of the contract: Gross profit recognized at December 31 . 2014 .......... $ 300,000 Costs incurred Jan. 10, 2011,
through Dec. 31 . 2015 ... 1,800,000 Estimated cost to complete at December 31 . 2015 ....... 600,000 How much gross profit should Sailor recognize for the year ended December 31 . 2015? a. $150,000 b. $262,500 c. $300,000 d. $450,000
A best practice by which salespeople can use technology to strengthen relationships with customers is by:
A) allowing customers to cancel orders without having to talk to a person B) sending email confirmations of appointments or agreements C) sending form letters with business cards through the mail D) placing automated prerecorded phone calls to customers on a programmed schedule E) faxing large numbers of sales letters to potential leads
Jobs that are _____ paying and ____ status in an industrialized country can be exported as _____ paying and _____ status to developing companies.
a. Low; Low; High; High b. Low; High; Low; High c. High; Low; High; Low d. High; High; Low; Low