________ use the phone, Internet, and social media to find new leads, learn about customers and their business, or sell and service accounts directly
A) Outside salespeople
B) Sales managers
C) Sales assistants
D) Technical sales-support people
E) Telemarketers and online sellers
E
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____________________ differences result from including revenues and expenses in income before taxes in a different period than those items affect taxable income
Fill in the blank(s) with correct word
If a firm's sales index in January is 63 and average monthly sales are $200,000, what is the January sales level?
a. $12,600 b. $126,000 c. $200,000 d. $363,000
Packard Company engaged in the following transactions during Year 1, its first year of operations: (Assume all transactions are cash transactions.) 1) Acquired $1800 cash from the issue of common stock. 2) Borrowed $1270 from a bank. 3) Earned $1450 of revenues. 4) Paid expenses of $420. 5) Paid a $220 dividend. During Year 2, Packard engaged in the following transactions: (Assume all transactions are cash transactions.) 1) Issued an additional $1175 of common stock. 2) Repaid $815 of its debt to the bank. 3) Earned revenues of $1600. 4) Incurred expenses of $700. 5) Paid dividends of $270. What is the net cash inflow from operating activities that will be reported on Packard's statement of cash flows for Year 1?
A. $905. B. $1030. C. $1890. D. $1175.
Congress enacts the Supplemental Income Tax Act (SITA) to exempt the citizens of Louisiana from their federal taxes until New Orleans is rebuilt from the ravages of Hurricane Katrina. SITA will most likely be
A. rendered invalid under the supremacy clause. B. rendered valid the equal protection clause. C. struck down under the taxing and spending clause. D. upheld under the commerce clause.