Amy just took a job with a scrap metal collection company. Her job is to search for potential customers that need to get rid of scrap metal or those customers who wish to buy scrap metal. Amy's job fits into the first step of the personal-selling process, that ofÂ
A. gaining commitment.
B. pre-approach.
C. prospecting.
D. advertising.
E. sales promotion.
Answer: C
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Exhibit 15-3 On January 1, 2016, Howard, Inc granted to a key executive a fixed compensatory share option plan for 1,000 shares of $4 par common stock for $30 a share. The fair value per option on that date was $14. The service period extended through December 31, 2017. ? Refer to Exhibit 15-3. What entry, if any, was required on December 31, 2016?
A) no entry was necessary B) Compensation Expense 7,000Paid-in Capital Share Options 7,000 C) Compensation Expense 6,000Paid-in Capital Share Options 6,000 D) Compensation Expense 9,000Deferred Compensation 9,000
If a company uses the direct write-off method of accounting for bad debts:
A) it establishes an estimate for the allowance for doubtful accounts. B) it will record bad debt expense only when an account is determined to be uncollected. C) it will reduce the accounts receivable account at the end of the accounting period for estimated uncollected accounts. D) total assets will stay the same, when an account is written off.
The placement of an employee in another job at a higher level in the organization with an increase in pay and status is known as
A. job enlargement. B. a transfer. C. a promotion. D. job rotation.
A project's net present value is equal to:
A. the present value of the expected future cash inflows minus the present value of all the cash outflows. B. the present value of the cash outflows plus the present value of cash inflows. C. the present value of the last cash inflow. D. the present value of all the expected future cash outflows. E. the present value of all the cash inflows after the full recovery of the initial investment.