According to the text, what is the most difficult trait for a salesperson to develop?
A. Patience
B. Kindness
C. Caution
D. Self-control
E. Fairness
Answer: D
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Journalize the following transaction for a merchandiser that uses the perpetual inventory system. Sold goods to A. Pitt, on account, $2,500 (cost, $1,750). Omit explanations.
What will be an ideal response?
Spontaneous funds are generally defined as follows:
A. A forecasting approach in which the forecasted percentage of sales for each item is held constant. B. Funds that a firm must raise externally through short-term or long-term borrowing and/or by selling new common or preferred stock. C. Funds that arise out of normal business operations from its suppliers, employees, and the government, and they include immediate increases in accounts payable, accrued wages, and accrued taxes. D. The amount of cash raised in a given year minus the amount of cash needed to finance the additional capital expenditures and working capital needed to support the firm's growth. E. Assets required per dollar of sales.
Generally, yields are ________ for securities that are exposed to ________ liquidity risk
A) higher; more B) higher; less C) lower; less D) Both A and C are correct.
As the inventory turnover increases, the average sales period decreases.
Answer the following statement true (T) or false (F)