Because the sales force is under the supervision of the sales manager, salesperson evaluations are typically based on sales criteria, like sales volume.
Answer the following statement true (T) or false (F)
True
Sales may be analyzed by total sales volume, territories, product line, customer type, or sales representative attitudes.
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Asset turnover represents
a. The ability of the firm to generate income from operations for a particular level of sales. b. The ability to generate sales from a particular investment in assets. c. The ability to manage the level of investment in assets for a particular level of assets. d. The number of days, on average, it takes management to turnover assets.
Automobile liability insurance covers damages that an insured causes to third parties
Indicate whether the statement is true or false
One advantage of peer evaluations is that
A. peers are less politically motivated than supervisors. B. peers may furnish more accurate and valid information than supervisors. C. peers may work harder to help other employees improve performance. D. peers are often partially responsible for the performance of other co-workers.
During March, Perpetual Envy Inc. provides $33,000 in consulting services for a customer. The customer paid $16,500; the other $16,500 was on account. Which of the following statements about these transactions is correct?
A. Cash increases by $16,500, Accounts Receivable increases by $16,500, and Consulting Revenue increases by $33,000. B. Cash increases by $16,500, Consulting Revenue increases by $16,500, and Accounts Receivable increases by $33,000. C. Accounts Receivable increases by $16,500, Liabilities decrease by $16,500, and Stockholders' Equity increases by $33,000. D. Revenues increase by $16,500, liabilities decrease by $16,500, and stockholders' equity is unchanged.