The direct close describes an explicit manner of closing.

Answer the following statement true (T) or false (F)


True

The direct close describes an explicit manner of closing. The salesperson asks the customer for a decision in a straightforward, candid manner.

Business

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Since partners' salaries are not treated as an expense of the partnership, it is not necessary to keep a salary expense account for each partner

a. True b. False Indicate whether the statement is true or false

Business

With the retail inventory method, how is the total beginning inventory value used in the calculation of the cost-to-retail ratio for the current period under the following cost flow assumptions? FIFO Average Cost LIFO I. Include Include Exclude II. Include Exclude Exclude III. Exclude Exclude Exclude IV. Exclude Include Exclude

A) I B) II C) III D) IV

Business

The first step in the workload approach for designing salesforce size is to establish desirable call frequencies for each customer class

Indicate whether the statement is true or false

Business

A donor made an unconditional pledge in 2016 of $ 50,000 to a private not-for-profit organization with the intent to pay the cash in 2017 for unrestricted use in 2017. The organization should:

A. record the pledge as unrestricted revenue in 2016. B. record the pledge as temporarily restricted revenue in 2016 and reclassify it to unrestricted in 2017. C. record the pledge receivable and deferred revenue in 2016. D. record the pledge as temporarily restricted revenue in 2016 and reclassify it to unrestricted in 2017, but only in an amount equivalent to the amount that is spent in 2017.

Business