If demand is elastic rather than inelastic, sellers typically consider increasing their prices
Indicate whether the statement is true or false
FALSE
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Birken Co purchased a building for $600,000 in 2004 . At the end of 2016, when it had a book value of $450,000, it was appraised for $1,000,000 . A potential buyer offered $900,000 . Birken rejected the offer. What amount should is recorded on Birken's records at the end of 2016 in the account called Buildings?
a. $2,000,000 b. $800,000 c. $500,000 d. $350,000
Which of the following is true regarding the flow of data from the Adjusted Trial Balance columns of the end-of-period spreadsheet to the financial statements?
a. The balance of the revenue account will flow into the retained earnings statement. b. The balance of the accumulated depreciation account will flow into the income statement. c. The balance of the capital stock account will flow into the income statement. d. The balance of the dividends account will flow into the retained earnings statement.
Which of the following is true regarding sales training programs?
A. Research shows that digitally mediated training creates better interpersonal bonds between the salesforce and the sales manager. B. Sales training is a job that is better left to the human resources department. C. The most effective training method uses the same approach for everyone to promote consistency. D. Sales training is an activity that happens only once-when the employee is hired. E. Sales training programs should be customized to the needs of the representative and changing market conditions.
With a mechanic's lien, real estate becomes security for a debt
a. True b. False Indicate whether the statement is true or false