Top salesperson Carl noticed that the new salesperson, Brandon, was struggling to make sales. Carl told Brandon that learning sales was a process and made some suggestions for how Brandon could improve his sales techniques. Together, Carl and Brandon practiced the techniques and Brandon said he would start trying them out on clients. The two made an appointment to follow up on how the techniques were working in two weeks. Carl provided _________ to Brandon.
A. coaching
B. counseling
C. conduct training
D. discipline
E. monitoring
A. coaching
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The time period assumption assumes a company prepares financial statements every month
a. True b. False Indicate whether the statement is true or false
Exhibit 22-1 On January 1, 2016, the Chrissy Company purchased a machine for $450,000 with an estimate useful life of six years and a $30,000 salvage value. Straight-line depreciation was used for financial reporting purposes and MACRS depreciation for income tax reporting. Effective January 1, 2018, Chrissy switched to the double-declining-balance depreciation method for financial statement
reporting but not for income tax purposes. Chrissy can justify the change. ? Refer to Exhibit 22-1. Assuming an income tax rate of 35%, what is the amount of cumulative effect change reported in Chrissy's 2018 income statement ? A) $0 B) $77,000 C) $93,333 D) $110,000
The feature of accounting in which means that there are at least two accounts affected in every transaction so that the accounting equation stays in balance is called:
A) the matching feature. B) the classifying feature. C) the dual nature of accounting. D) the full disclosure principle.
Technology that is characterized by low initial costs and high operating costs is termed
A. a quality circle. B. capital-intensive. C. an industrial installation. D. labor-intensive. E. a process layout.