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At the beginning of the period, a company had $350,000 worth of assets, $110,000 worth of liabilities, and $240,000 worth of equity. Assume the only change during the period was a $30,000 purchase of equipment by issuing a note payable. Show the accounting equation with the appropriate amounts at the end of the period.
Cold Call
The practice of contacting potential customers or clients who have not previously expressed interest in the offered products or services, typically via telephone.
Personal Selling Process
A series of steps taken by sales professionals to identify potential customers, communicate the benefits of a product or service, and close the sale.
Prospecting Stage
The initial phase in the sales process, where potential clients or customers are identified and qualified as leads.
Toll-free Number
A telephone number that is billed for all arriving calls instead of incurring charges to the originating caller, typically used by businesses to encourage customer contact.
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