Which compensation plan would appeal to a salesperson who likes the idea of "pay for performance," but also likes some job security?
A) guaranteed salary
B) straight salary
C) fixed salary plus bonus
D) straight commission plan
E) commission plan with a draw provision
E
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In 2015, Broyles, Inc. reacquired 3,000 shares of its common stock at $55 per share. In 2016, Broyles, Inc. reissued 1,000 shares of the stock at $75 per share. Which of the following would be included in the 2016 entry?
a. Credit Cash for $165,000. b. Debit Treasury Stock for $75,000. c. Credit Treasury Stock for $55,000. d. Credit Cash for $75,000.
Which of the following, if true, most strengthens the case that the timing of BrightLine's new model release may be unethical?
A) The new model is priced the same as the old model. B) Smartphone users like their phones to have all of the latest features. C) Smartphone components contain toxic materials that end up in the environment when they are discarded. D) The smartphone market is highly competitive. E) Users had many complaints about BrightLine's previous smartphone model.