GR8 Marketing Company and Brainfreeze Tunes, Inc, sign a document that states GR8 agrees to create a marketing campaign for Brainfreeze, which agrees to pay GR8 for the service. GR8 and Brainfreeze have
A) an executed contract
B) an express contract.
C) an implied contract.
D) a quasi contract.
B
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During a negotiation men tend to
A. perceive negotiation as part of the larger context within which it takes place. B. seek empowerment when there is interaction among all parties in the relationship. C. demarcate negotiating from other behaviors that occur in the relationship. D. None of these choices is correct.
Jessica sells exercise equipment to health clubs and similar facilities. During a sales call, her prospect says, "Our clients are quite happy with the results they are getting from the use of our current equipment." This is an example of a ________ objection.
A. stalling B. dodging C. process D. hidden E. product
Which of the following statements is true regarding activity-based costing in administration?
A. Activity-based costing for administrative services follows the same four-step procedure described for manufacturing. B. All cost drivers in an administrative system will be time-related. C. The principles of ABC are different when applied to administrative services. D. ABC in administration involves five steps.
Texark Inc., a calendar year taxpayer, reported $5,210,300 net income before tax on its financial statements prepared in accordance with GAAP. The corporation's records reveal the following information.• Depreciation expense per books was $713,700, and MACRS depreciation was $662,000. • Texark exchanged old realty (-0- tax basis; $44,200 book basis) for new realty (FMV $50,000). Book gain was included in book income, although the exchange was nontaxable for tax purposes. • Texark received a $100,000 insurance reimbursement for the destruction of machinery with a $29,000 tax basis and a $70,000 book basis. Texark spent $110,000 to replace the machinery before year-end. Compute Texark's taxable income.
What will be an ideal response?