An incremental close is especially appropriate for a product:
A) with a direct sales cycle
B) with a long, complex sales cycle
C) that is extremely expensive
D) that involves a buying committee
E) that involves few closing clues
B
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Which of the following is not an issue in accounting for defined benefit plans?
a. The amount of pension expense to be recognized b. The amount of pension liability to be reported c. The amount of funding (contributions) required by the plan d. Disclosures needed to supplement the financial statements
Singer and McMann are partners in a business. Singer's original capital was $40,000 and McMann's was $60,000. They agree to salaries of $12,000 and $18,000 for Singer and McMann respectively and 10% interest on original capital. If they agree to share remaining profits and losses on a 3:2 ratio, what will Singer's share of the income(loss) be if the net loss for the year was $10,000?
A) ($12,600) B) ($14,000) C) ($6,000) D) ($10,000)
The rate of return on common stockholders' equity shows the relationship between net income available to common stockholders and their average common equity invested in the company
Indicate whether the statement is true or false
Robert uses the Internet to defraud Prairie Valley Credit Union. He is found guilty of wire fraud. He can be punished by
a. imprisonment for not more than one year. b. imprisonment for up to thirty years and fines of up to $1 million. c. fines for not more than $50,000. d. death.