Sales should never be closed immediately following the approach.
Answer the following statement true (T) or false (F)
False
Closing is appropriate when the prospect is ready, which may be as early as the approach stage. However, in most cases, close occurs after the presentation.
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A company receives $220 for merchandise, of which $15 is for sales tax and $5 is for excise tax. The entry to record the sale would include a:
a. debit to Cash for $200. b. credit to Sales Tax Expense for $20. c. credit to Sales for $220. d. credit to Sales Tax Payable for $15.
The December 31, Year 1, balance sheet of Rowan Company shows current assets of $32,000 and current liabilities of $18,000. On January 1, Year 2, the company recorded the following entries: Cash14,800? Common stock 14,800?Cash4000? Accounts receivable 4000? After the two journal entries were recorded, what is the company's current ratio?
A. 1.8 to 1 B. 2.8 to 1 C. 2.6 to 1 D. 1.7 to 1
Use the information in Table 10.2. The total cost of the staffing plan, using a level strategy in which no overtime is allowed and the undertime paid for, is:
A) less than or equal to $60,000. B) greater than $60,000 but less than or equal to $65,000. C) greater than $65,000 but less than or equal to $70,000. D) greater than $70,000.
Facts and figures that are collected, analyzed and summarized for presentation and interpretation are a. variables
b. elements. c. time series data. d. data.