The franchise agreement is not likely to set out standards such as sales quotas and record-keeping requirements
Indicate whether the statement is true or false
F
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A gratuitous agent is one who:
A. has no prior experience as an agent. B. is employed to find a buyer for one party and a seller for another. C. freely substitutes his or her judgment for that of the principal. D. acts without pay.
A salesperson should plan for full-line selling during the preapproach step of the sales process
Indicate whether the statement is true or false
A machine costs $180,000 and will have an eight-year life, a $20,000 salvage value, and straight-line depreciation is used. Management estimates the machine will yield an after-tax net income of $12,500 each year. Compute the accounting rate of return for the investment.
A. 11.8%. B. 12.5%. C. 26.8%. D. 10.8%. E. 22.5%.
Chubb Company paid cash to purchase equipment on January 1, Year 1. Select the answer that shows how the recognition of depreciation expense in Year 2 would affect assets, liabilities, equity, net income, and cash flows. AssetsLiabilitiesEquityNet IncomeCash flowA.+NA+?NAB.??NA++C.?NA???D.?NA??NA
A. option A B. option B C. option C D. option D