Avalon Company paid $4,400 cash for an insurance policy providing three years protection against fire loss. This transaction could properly be recorded by a $4,400 debit to Unexpired Insurance and a $4,400 credit to Cash

When candidates are considered for employment or promotion, qualifications and performance should rule.

a. true b. false

Commission is typically used:

A) when the products have long selling cycles like several years. B) when management wants to encourage activities like market research that do not generate revenue. C) for new salespeople, who are unlikely to generate substantial sales in the short run. D) to reward the best performance and motivate a high level of selling effort.