Recalling Chapter 15's "FYI: The Greatest Public Relations Writer of all Time," which of the following is NOT part of Sir Winston Churchill's writing formula?
A) Get straight to the point
B) Define technical terms
C) Paint pictures
D) Tell the truth
B
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Which of the following is a poor choice for a sales presentation when a salesperson is interested in building a long-term relationship?
A) presenting the value proposition B) letting the customer ask questions C) using a canned presentation D) focusing on listening to the customer E) incorporating sound and other media into the presentation
If a business issued bonds payable in exchange for land, the transaction would be reported in a separate schedule on the statement of cash flows
Indicate whether the statement is true or false
An asset was purchased for $5,000, has an estimated 4-year life, and a $200 salvage or scrap value. The annual depreciation for this asset will be $1,250 per year
Indicate whether the statement is true or false
Sorin Inc., a company that produces and sells a single product, has provided its contribution format income statement for January. Sales (3400 units)$88,400?Variable expenses 43,316?Contribution margin 45,084?Fixed expenses 33,400?Net operating income$11,684??If the company sells 3800 units, its total contribution margin should be closest to: (Do not round intermediate calculations.)
A. $50,388 B. $45,084 C. $70,400 D. $13,059