Answers
Answer:
Alpha
The effects on assets, liabilities, and net income are as follows:
Assets are understated by $500
Liabilities are understated by $700
Net income is overstated by $200
Explanation:
a) Data and Calculations:
Interest earned from a note receivable = $500
Interest incurred from a note payable = $700
Failure to record these has the following effects:
Assets are understated by $500 (< $500)
Liabilities are understated by $700 (< $700)
Net income is overstated by $200
b) Adjusting Journal Entries (AJEs) ensure that the accounts are up-to-date in accordance with the accrual concept of financial accounting. The accrual concept requires that transactions affecting a financial period must be reported in the affected period. This implies that expenses incurred must be recognized in the period they are incurred and not when cash is paid. Similarly, revenue earned must be recognized in the period they are earned and not when cash is received.
Related Questions
The following were selected from among the transactions completed during the current year by Danix Co., an appliance wholesale company: Jan. 21 Sold merchandise on account to Black Tie Co., $29,400. The cost of merchandise sold was $17,640. Mar. 18 Accepted a 60-day, 6% note for $29,400 from Black Tie Co. on account. May 17 Received from Black Tie Co. the amount due on the note of March 18. June 15 Sold merchandise on account to Pioneer Co. for $15,700. The cost of merchandise sold was $9,420. 21 Loaned $6,000 cash to JR Stutts, receiving a 30-day, 8% note. 25 Received from Pioneer Co. the amount due on the invoice of June 15. July 21 Received the interest due from JR Stutts and a new 60-day, 9% note as a renewal of the loan of June 21. (Record both the debit and the credit to the notes receivable account.) Sept. 19 Received from JR Stutts the amount due on her note of July 21. 22 Sold merchandise on account to Wycoff Co., $60,000. The cost of merchandise sold was $36,000. Oct. 14 Accepted a 60-day, 6% note for $60,000 from Wycoff Co. on account. Nov. 13 Wycoff Co. dishonored the note dated October 14. Dec. 28 Received from Wycoff Co. the amount owed on the dishonored note, plus interest for 15 days at 12% computed on the maturity value of the note. Required: Journalize the entries to record the transactions. Assume 360 days in a year. If an amount box does not require an entry, leave it blank.Jan. 21-sale Jan. 21-cost Mar. 18 May 17 June 15-sale June 15-cost June 21 June 25 July 21 Sept. 19- note Sept. 22-sale Sept. 22-cost Oct. 14 Nov. 13 Dec. 28
Answers
The journal entries for the transactions by Danix co during the year, using a 360-day year are as follows:
Jan. 21 Debit Accounts Receivable (Black Tie Co.) $29,400
Credit Sales Revenue $29,400
Debit Cost of Goods Sold $17,640
Credit Inventory $17,640
Mar. 18 Debit Note Receivable (Black Tie Co.) $29,400
Credit Accounts Receivable (Black Tie Co.) $29,400
60-day, 6% note
May 17 Debit Cash $29,694
Credit Note Receivable (Black Tie Co.) $29,400
Credit Interest Revenue $294
June 15 Debit Accounts Receivable (Pioneer Co.) $15,700
Credit Sales Revenue $15,700
Debit Cost of Goods Sold $9,420
Credit Inventory $9,420
June 21 Debit 8% Note Receivable (JR Stutts) $6,000
Credit Cash $6,000
a 30-day, 8% note.
June 25 Debit Cash $15,700
Credit Accounts Receivable (Pioneer Co.) $15,700
July 21 Debit Cash $40
Credit Interest Revenue $40 ($6,000 x 8% x 30/360)
9% Note Receivable (JR Stutts) $6,000
Credit 8% Note Receivable (JR Stutts) $6,000
To record the exchange with a 60-day, 9% note.
Sept. 19 Debit Cash $6,090
Credit 9% Note Receivable (JR Stutts) $6,000
Credit Interest Revenue $90
($6,000 x 9% x 60/360)
Sept. 22 Debit Accounts Receivable (Wycoff Co.) $60,000
Credit Sales Revenue $60,000
Debit Cost of Goods Sold $36,000
Credit Inventory $36,000
Oct. 14 Debit 6% Note Receivable (Wycoff Co.) $60,000
Credit Accounts Receivable (Wycoff Co.) $60,000
Accepted a 60-day, 6%
Dec. 13 Debit Accounts Receivable (Wycoff Co.) $60,600
Credit Interest Receivable $600
Credit 6% Note Receivable (Wycoff Co.) $60,000
Dec. 28 Debit Cash $60,903
Credit Interest Receivable $600
Credit Accounts Receivable (Wycoff Co.) $60,600
Credit Interest Revenue $303
($60,600 x 12% x 15/360) interest for 15 days at 12% computed on the maturity value of the note.
Data Analysis:
Jan. 21 Accounts Receivable (Black Tie Co.) $29,400 Sales Revenue $29,400
Cost of Goods Sold $17,640 Inventory $17,640
Mar. 18 Note Receivable (Black Tie Co.) $29,400 Accounts Receivable (Black Tie Co.) $29,400 60-day, 6% note
May 17 Cash $29,694 Note Receivable (Black Tie Co.) $29,400 Interest Revenue $294
June 15 Accounts Receivable (Pioneer Co.) $15,700 Sales Revenue $15,700 Cost of Goods Sold $9,420 Inventory $9,420
June 21 8% Note Receivable (JR Stutts) $6,000 Cash $6,000 a 30-day, 8% note.
June 25 Cash $15,700 Accounts Receivable (Pioneer Co.) $15,700
July 21 Cash $40 Interest Revenue $40 ($6,000 x 8% x 30/360)
9% Note Receivable (JR Stutts) $6,000 8% Note Receivable (JR Stutts) $6,000
60-day, 9% note
Sept. 19 Cash $6,090 9% Note Receivable (JR Stutts) $6,000 Interest Revenue $90 ($6,000 x 9% x 60/360)
Sept. 22 Accounts Receivable (Wycoff Co.) $60,000 Sales Revenue $60,000
Cost of Goods Sold $36,000 Inventory $36,000
Oct. 14 6% Note Receivable (Wycoff Co.) $60,000 Accounts Receivable (Wycoff Co.) $60,000
Accepted a 60-day, 6%
Dec. 13 Accounts Receivable (Wycoff Co.) $60,600 Interest Receivable $600 6% Note Receivable (Wycoff Co.) $60,000
Dec. 28 Cash $60,903 Interest Receivable $600 Accounts Receivable (Wycoff Co.) $60,600Interest Revenue $303 ($60,600 x 12% x 15/360) interest for 15 days at 12% computed on the maturity value of the note.
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Local planning teams are often called planning .
Answers
Answer:Commissions
Explanation:an instruction, command, or duty given to a person or group of people.
If the amount of gasoline purchased per car at a large service station has a population of $15 and a population standard deviation of$4 then 99.73% of all cars will purchase between $3 and $27
Answers
The range between $3 and $27 is three standard deviations away from the mean.
Since we know that 99.73% of the data falls within three standard deviations of the mean, we can estimate that 99.73% of all cars will purchase gasoline between $3 and $27.
According to the given information, the population mean is $15, and the population standard deviation is $4.
This means that 99.73% of all cars will purchase gasoline within three standard deviations of the mean, using the empirical rule.
Therefore, we can use the empirical rule to estimate the percentage of cars that will purchase gasoline between $3 and $27.
The empirical rule is also known as the 68-95-99.7 rule, which states that:Approximately 68% of the data falls within one standard deviation of the meanApproximately 95% of the data falls within two standard deviations of the meanApproximately 99.7% of the data falls within three standard deviations of the mean.
To find the number of standard deviations that correspond to $3 and $27, we need to calculate the z-scores.
The z-score formula is given as:z = (x - μ) / σwhere z is the standard score, x is the value of the variable, μ is the population mean, and σ is the population standard deviation.
To find the z-score for $3, we plug in the values:z = (3 - 15) / 4z = -3To find the z-score for $27, we plug in the values:z = (27 - 15) / 4z = 3.
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Assign the correct ICD-10-CM
diagnosis codes and ICD-10-PCS
procedure codes for the following: Anemia due to malignant neoplasm of the pylorus (Note: sequencing is important)
Answers
The correct ICD-10-CM diagnosis code and the ICD-10-PCS procedure code for Anemia due to malignant neoplasm of the pylorus are Code D63.0 and Code D64. 9.
What are the ICD-10-CM diagnosis codes and ICD-10-PCS procedure codes?The ICD-10-CM diagnosis codes and ICD-10-PCS procedure codes are the harmonized US health codes used for diagnosis, treatment, and reimbursement purposes. ICD-10-PCS codes support data collection, payment and electronic health records in hospitals.
Thus, the ICD-10-CM diagnosis codes and ICD-10-PCS procedure codes, which are important to ensure harmonized diagnosis, treatment, and reimbursement for cases of Anemia, are Code D63.0 and Code D64. 9..
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Customers today demand service that is what?
Answers
Customers today demand services that are comparable to the kinds and quantities of goods and services which people will purchase, or would purchase, if they were offered.
Why is demand important?Demand is the term used to describe a consumer's desire and desire to purchase a good or service at a specific time or over time. In accordance with their budget for discretionary spending, consumers must also be able to afford the items they want or need.
What's the process of a demand?Consumer spending, public and private business investment, and the balance of imported and exported goods are all added together to compute aggregate demand. The equation AD ≈ C + I (+ G + Nx is used to represent it. The following are the aggregate demand's constituents: C stands for consumer expenditures on services and goods.
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what is paying divedends to stockholders do?
Answers
Dividends are paid out by companies as a strategy to reward present stockholders and lure in new ones.
Owners of one or more shares of a company's capital stock are referred to as stockholders or shareholders. As a result of being seen as distinct from the corporation, an investor is only partially liable for its debts. Common stockholder is a term used to describe a person who owns shares of common stock in a firm. The corporation's board of directors is chosen by the company's common investors, who also cast ballots on specific decisions like the company's merger with another corporation. When a business succeeds more and more, common stockholders typically benefit financially. Some businesses also issue preferred stock along with common stock. Preferred stockholders are the people who own shares of preferred stock.
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Rational investor's are motivated to purchase an asset because of its
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Stargel Inc. common stock was $119.70 on December 31, 2014.
Stargel Inc.
Comparative Retained Earnings Statement
For the Years Ended December 31, 2014 and 2013
2014 2013
Retained earnings, January 1 . . . . . . . . . . . . . .$5,375,000 $4,545,000
Add net income for year . . . . . . . . . . . . . . . . . . . 900,000 925,000
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$6,275,000 $5,470,000
Deduct dividends:
On preferred stock . . . . . . . . . . . . . . . . . . . . . . $ 45,000 $ 45,000
On common stock. . . . . . . . . . . . . . . . . . . . . . . . .50,000 50,000
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 95,000 $ 95,000
Retained earnings, December 31 . . . . . . . . . . .$6,180,000 $5,375,000
Stargel Inc.
Comparative Income Statement
For the Years Ended December 31, 2014 and 2013
2014 2013
Sales (all on account) . . . . . . . . . . . . . . . . . . . $10,050,000 $9,450,000
Sales returns and allowances . . . . . . . . . . . . . . .50,000 50,000
Net sales. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $10,000,000 $9,400,000
Cost of goods sold. . . . . . . . . . . . . . . . . . . . . . 5,350,000 4,950,000
Gross profit . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 4,650,000 $4,450,000
Selling expenses . . . . . . . . . . . . . . . . . . . . . . .$ 2,000,000 $1,880,000
Administrative expenses . . . . . . . . . . . . . . . . . 1,500,000 1,410,000
Total operating expenses . . . . . . . . . . . . . . . . $ 3,500,000 $3,290,000
Income from operations . . . . . . . . . . . . . . . . . $ 1,150,000 $1,160,000
Other income . . . . . . . . . . . . . . . . . . . . . . . . . . .150,000 140,000
$ 1,300,000 $1,300,000
Other expense (interest) . . . . . . . . . . . . . . . . . . 170,000 150,000
Income before income tax . . . . . . . . . . . . . . . $ 1,130,000 $1,150,000
Income tax expense . . . . . . . . . . . . . . . . . . . . . .230,000 225,000
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 900,000 $ 925,000
Stargel Inc.
Comparative Balance Sheet
December 31, 20Y2 and 20Y1.
20Y2 20Y1
Assets
Current assets:
Cash $500,000 $400,000
Marketable securities 1,010,000 1,000,000
Accounts receivable (net) 740,000 510,000
Inventories 1,190,000 950,000
Prepaid expenses 250,000 229,000
Total current assets $3,690,000 $3,089,000
Long-term investments 2,350,000 2,300,000
Property, plant, and equipment (net) 3,740,000 3,366,000
Total assets $9,780,000 $8,755,000
Liabilities
Current liabilities $900,000 $880,000
Long-term liabilities:
Mortgage note payable, 10% $200,000 $0
Bonds payable, 10% 1,500,000 1,500,000
Total long-term liabilities $1,700,000 $1,500,000
Total liabilities $2,600,000 $2,380,000
Required:
Determine the following measures for 20Y2, rounding to one decimal place, except dollar amounts which should be rounded to the nearest cent. Assume 365 days a year.
Return on total assets %
Return on stockholders’ equity %
Return on common stockholders’ equity %
Answers
Working Capital = Current Assets - Current Liabilities
Working Capital = $36,90,000 - $900000
Working Capital = $27,90,000
Answer 2.
Current Ratio = Current Assets / Current Liabilities
Current Ratio = $36,90,000 / $900000
Current Ratio = 4.1
7) Number days' sales in inventory = (Inventory/Cost of goods sold) * 365 days
=(11,90,000 / 53,50,000) * 365 days = 81.18 days approx
8) Ratio of fixed assets to long-term liabilities = Fixed Assets/Long Term Liabilities
=(2350000+3740000) / 1700000= 3.58 times
9) Ratio of liabilities to stockholders' equity = Total Liabilities/stockholders' equity
=26,00,000 / 71,80,000
=0.36211 times
10) Number of times interest charges are earned = Earnings Before Interest & Tax / Interest Expense
= 1300000 / 170000 = 7.64 times
11) Number of times preferred dividends are earned = Dividend on preferred stock/preferred stock
= 45000 / 500000
=0.09 times
12) Ratio of sales to assets = Net Sales (Total Sales-Sales Return)/Total Assets
= 10,000,000 / 9780000
= 1.022 times
13 ) Rate earned on total assets = Net Income/Average Total Assets(Opening+closing Total Assets)/2
=900000 /(8755000+ 97,80,000)/2
=900000/ 9267500
=0.09711 times or 9.711 %
14) Rate earned on stockholders' equity = Net Income/Average Stockholders' Equity(opening+closing stockholders' Equity)/2
=900,000/(6375000+7180000)/2
=900000/6777500
=0.132 or 13.27 %
15) Rate earned on common stockholders' equity=
(Net Income - Dividend on Preferred stock)/Average Common Stock(opening + closing common stockholders' equity)
=(900000-45000)/(500000+500000)/2
=855000/500000
=1.71 times
16. Earnings per share on common stock = (Net Income - Dividend on Preferred stock)/Common Stock(in numbers)
=(900000-45000)/100000
=8.55 times
17) Price-earnings ratio = Market Price per share/ Earnings per share
=119.70(given)/8.55
=14 times
18) Dividends per share of common stock = Dividend to common stock/common stock (in number)
=50000 / 100000
=0.5 times
19) Dividend yield = Dividends per share of common stock/Market Price per share
=(0.5 /119.70) * 100
= 0.835%
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To help audiences understand large amounts of information, which visuals are the most suitable?
Answers
different between isoquant and isocost
what organization or program interests you the most?
Answers
Answer:
I love law :) what about you
I love math what do you like
Ps; sorry but may you please mark brainly im trying to level up
PLS HURRY I AM ON A TIMER! what types of people can you learn from on Twitter?
A.Only professors
B.Only industry experts
C.Only fellow students
D.Anyone interested in the topic
Answers
Answer:
D.Anyone interested in the topic
Explanation: hope this helps
You become the manager of a team historically accustomed to a very
"old-fashioned": the employees had no say in the matter, they were
considered as executors and in the service of their former manager. THE
performances were no longer there, the team being used by these
very top-down practices.
What would be your first actions as a new
manager of this team?
Answers
As the new manager of a team that has historically experienced top-down practices and low performance, my first actions would focus on creating a positive and collaborative work environment while addressing the performance issues.
Here are some steps I would take:
Build Relationships: I would make an effort to get to know each team member individually, understand their strengths, challenges, and career aspirations. Communicate a New Vision: I would clearly communicate a new vision and goals for the team, emphasizing the importance of collaboration, empowerment, and individual contributions. Encourage Employee Input: I would actively seek input and ideas from team members, encouraging them to share their perspectives, opinions, and suggestions. Delegate Authority: I would delegate meaningful tasks and responsibilities to team members, giving them opportunities to showcase their skills and take ownership of their work. Provide Support and Development: I would identify training and development needs within the team and provide resources and support to enhance their skills and knowledge. Foster Collaboration: I would promote a collaborative work environment by encouraging teamwork, cross-functional collaboration, and knowledge-sharing. Recognize and Reward Performance: I would establish a system for recognizing and rewarding exceptional performance, whether through formal recognition programs, public praise, or performance-based incentives. Regular Feedback and Performance Reviews: I would implement regular feedback mechanisms, such as one-on-one meetings or performance reviews, to provide constructive feedback, set goals, and track progress.For such more question on performance:
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How is it useful to identify emerging patterns in looking for a trends?
Answers
Answer:
It is very useful to identify emerging patterns when looking for trends. Emerging patterns help to discover inherent differences in a dataset. They are powerful for constructing accurate and complete classifications of the dataset.
Explanation:
Emerging patterns present themselves as items with frequency changes that are significantly different from one dataset to another. Trends show the general directions of some variables. One discovers emerging patterns by looking at two datasets for two time periods. The trend will show if the pattern has increased or decreased in size, totally disappeared, or new patterns have currently emerged when compared to previous patterns.
There are different kinds of trends. Emerging patterns are useful as they;
They act as a means of knowing or finding out the distinctions present amidst a collection of data group.They are powerful tool for constructing right classifiers.What are Emerging Patterns?Theses are known as the patterns of the groups of items whose frequency changes very well from one dataset to another.
They are known to be very vital in getting the multi-dimensional differences between datasets/ or classes.
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what is the human resources strategy?
Answers
Answer:
Roadmap is basically for solving an organization's biggest challenges with people-centric solutions.
list four factor you should consider when selecting a financial institution
Answers
Answer:
▪︎Products and Services That Fit Your Needs.
▪︎Security for Your Money.
▪︎Convenient Access to Your Cash.
▪︎Minimal Fees.
Explanation:
Which statement is true regarding monopolistic competition?
Answers
Answer:
AR>MR
--------------------------------------
WHERE ARE THE OPTIONS.
A company reports the following:
Sales $720,510
Average accounts receivable (net) 34,310
Determine (a) the accounts receivable turnover and (b) the number of days' sales in receivables. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume a 365-day year.
Answers
Answer:
Account Receivable turnover-net credit sales/average account recievable
720510/34310 equal to 21
Explanation:
a) The accounts receivable turnover is 20.99
b) The number of days' sales in receivables is 17.4 days.
The accounts receivable turnover can be calculated as
Accounts Receivable Turnover = Sales / Average Accounts Receivable (Net)
Accounts Receivable Turnover = $720,510 / $34,310
Accounts Receivable Turnover = 20.99
(b) The number of days' sales in receivables can be calculated as:
Number of Days' Sales in Receivables = 365 days / Accounts Receivable Turnover
Number of Days' Sales in Receivables = 365 days / 20.99
Number of Days' Sales in Receivables = 17.4 days
Therefore, the accounts receivable turnover is 20.99 and the number of days' sales in receivables is 17.4 days.
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Question 9 of 10
Why are facts called the "building blocks of legal decisions"?
O A. Because so much time is used to determine whether the facts
presented are accurate or not
B. Because facts form the foundation that judges use to reach their
conclusions
O C. Because facts are written in a way that makes them easy to
identify
D. Because facts tell judges and juries what most people believe is
true
Answers
Answer:
B. Because facts form the foundation that judges use to reach their conclusions
Explanation:
I hope this helps, I just got it right.
In preparing a company's statement of cash flows for the most recent year, the following information is available: Loss on the sale of equipment $ 14,800 Purchase of equipment 153,000 Proceeds from the sale of equipment 134,000 Repayment of outstanding bonds 91,000 Purchase of treasury stock 66,000 Issuance of common stock 100,000 Purchase of land 123,000 Increase in accounts receivable during the year 47,000 Decrease in accounts payable during the year 79,000 Payment of cash dividends 39,000 Net cash flows from investing activities for the year were:__________.a. $233,000 of net cash provided.b. $142,000 of net cash used.c. $142,000 of net cash provided.d. $127,200 of net cash used.e. $268,000 of net cash used.
Answers
Answer:
b. $142,000 of net cash used.
Explanation:
The computation of the net cash flow from investing activities is shown below
= Purchase of equipment+ Proceeds from the sale of equipment - Purchase of land
= -$153,000 + $134,000 - $123,000
= $142,000 of net cash used
According to Mintzberg, which of the following role is decisional?
Answers
Making decisions, according to Mintzberg, is the most important aspect of any managerial action.
What function, in Mintzberg's opinion, is decisional?This entails resolving issues, coming up with fresh concepts, and putting them into action. Troubleshooter - The manager is the one who needs to take control when a team or organisation encounters an unforeseen obstacle. You must also assist in mediating conflicts there. Figurehead, manager, liaison, monitor, debunker, spokesperson, entrepreneurial, disruption handler, resource allocator, & negotiator are the ten jobs according to Mintzberg (1973). He distinguishes four roles—entrepreneur, disturbance handler, resource allocator, and negotiator—based on various types of decisions.
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Critically analyze the difference and the point of convergence between floor inspection and
functional inspection
Answers
Answer:
Floor inspection is a system in which detailed inspection is performed at the place of production
Functional inspection is a system in which inspection is performed to analyze whether the production meets customer demands.
Explanation:
Floor inspection and Functional inspections both methods are used to analyze the production system effectiveness. These both systems are used to detect the faults in the raw material, production process and finished goods. These systems together evaluates the production line errors and helps to meet customer needs.
7. Assuming you have a TCF Free Student Checking Account, how many maximum overdraft fees can
you incur in one day?
Answers
Answer:
5
Explanation:
Which of the following is true?
A. None of the above is true.
B. Free trade areas and customs unions do not conflict with either the most- favoured-nation or national treatment principles of the GATT. C .Free trade areas and customs unions are a violation of the most-favoured-nation principle, but were permitted by the contracting parties to the GATT so long as they created trade.
D. Free trade areas and customs unions are a violation of the national treatment principle, but were permitted by the contracting parties to the GATT so long as they created trade.
Answers
Answer:
C.
Explanation:
In the context of the General Agreement on Tariffs and Trade (GATT), free trade areas and customs unions were seen as exceptions to the most-favored-nation (MFN) principle, which states that countries should not discriminate between their trading partners. Free trade areas and customs unions involve preferential treatment among member countries, which goes against the MFN principle.
However, the contracting parties to the GATT allowed for the creation of free trade areas and customs unions as long as they promoted trade and economic integration among member countries. These exceptions were made in recognition of the potential benefits that such arrangements could bring.
Therefore, option C accurately describes the stance on free trade areas and customs unions in relation to the GATT.
Creative and innovative
Answers
A creative innovation is bringing about something unique and different.
What is creativity?Creativity is the ability to imagine something unique or new that have not been in existence.
It could also be a modification to what have been existing before.
Therefore, A creative innovation is bringing about something unique and different.
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which of the following marketing variables is concerned with hiring and training of an organization sales force?
Answers
Sales force management is a critical marketing variable that ensures the organization has a skilled, motivated, and well-trained sales force capable of effectively promoting and selling its products or services.
The marketing variable concerned with hiring and training an organization's sales force is known as "Sales Force Management." Sales force management involves the activities and strategies that a company employs to recruit, select, train, motivate, and evaluate its sales team. It focuses on building an effective and efficient sales force that can effectively communicate the value proposition of the company's products or services to customers.
Hiring the right individuals for the sales force is a crucial aspect of sales force management. This involves identifying the desired qualities and skills for sales representatives, conducting recruitment processes such as job postings, interviews, and assessments, and selecting candidates who align with the organization's sales objectives and culture.
Once the sales team is assembled, training plays a vital role in equipping them with the necessary knowledge, skills, and techniques to perform their roles effectively. Sales training programs can cover a range of areas, including product knowledge, selling techniques, customer relationship management, negotiation skills, and communication skills. The goal is to enhance the sales team's capabilities and empower them to meet customers' needs, overcome objections, and close sales successfully.
In addition to hiring and training, sales force management also involves motivating and incentivizing the sales team to achieve their targets and goals. This may include designing commission structures, recognition programs, sales contests, and providing ongoing support and feedback to drive performance.
Furthermore, evaluating the performance of the sales force is another important aspect of sales force management. Regular performance evaluations help identify areas for improvement, provide feedback to individual sales representatives, and enable the organization to make informed decisions regarding promotions, rewards, or further training and development.
Overall, It plays a significant role in driving sales growth, building customer relationships, and achieving the company's marketing objectives.
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00 For Market failures means that the market has not achieved its optimum production outcome. This means that it has not produced the correct quantity of goods and services. QUESTION 1 Conduct a research to any small business that is manufacturing goods in your community. Make an appointment to interview the owner for the purpose of collecting the information using the questionnaire below. 1.1 General information: ● Name of the firm / business Specify the type of goods or service ● ● Position of the person interviewed ● Date of the interview 1,2 Explain briefly the negative impact the following factors have in your business. (10) Lack of information: ● Price discrimination Immobility of factors of production with special reference to: Physical capital Structural changes ● ● (1) ● (1) (1) (1) [14] QUESTION 2: Interview 3-4 community members that reside near the business you have visited. 2.1 Ask them to name any TWO negative externalities and TWO positive externalities caused by the local business, (2 x 2) (4) 2.2 Request them to list any TWO characteristics of public goods. (2 x 1) (2) 2.3 Use the negative externality and positive externality graphs to explain the impact this business have to the society (10) [16]
Answers
The first step in researching a small business in your neighborhood is to find a suitable nearby manufacturing company.
Once you do, contact the manager or owner to arrange an interview. Gather general information during the interview, such as the name of the company or business, what types of products or services they provide, the interviewer's position, and the time and date of the interview.
Then, focus on the detrimental effects different situations can have on the company. Briefly describe the impact on business of informational gaps, price discrimination, immobility of production variables (with a focus on physical capital), and structural changes.
Interview three to four locals who live close to the establishment you just visited. Ask them to list two unfavorable and two beneficial externalities brought about by the neighborhood business. Ask them to add two properties of public goods to the list as well.
Finally, use the data from the interviews to create graphs showing the positive and negative externalities of business on society. These infographics will graphically describe the costs and benefits that the company's neighborhood has.
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Under the Investment Advisers Act of 1940, which of the following statements are TRUE regarding the investment adviser's relationship with a broker-dealer?
I The investment adviser must disclose if it recommends the use of a specific broker-dealer to effect recommended trades
II The investment adviser doesn't have to disclose if it recommends the use of a specific broker-dealer to effect recommended trades
III The customer must effect trades through the broker-dealer of the investment adviser's choosing
IV The customer doesn't have to effect trades through the broker-dealer of the investment adviser's choosing
a. I and III
b. I and IV
c. II and III
d. II and IV
Answers
Answer:
B. I and IV
Explanation:
You can check the SEC website for the bill.
if the inventory turnover ratio cast co is 5x and its gross profits and sales are $270 million and $1,200 million respectivelly then the inventory account for cast is
a.$180 million
b.$182 million
c.$186 million
d.$196 million
Answers
Answer:
c.$186 million
Explanation:
Calculation to determine what the inventory account for cast is
Using this formula
Inventory account for cast =Sales - Gross profit/Inventory turnover ratio cast
Where,
Sales=$1,200 million
Gross profit=$270 million
Inventory turnover ratio cast =5x
Let x be the inventory account for cast
Let plug in the formula
5x=$1,200 million-$270 million
5x=$930 million
x=$930 million/5
x=$186 million
Therefore the inventory account for cast is $186 million
All of the following options are different factors that affect how much of an item you purchase EXCEPT...
A.How long it stays fresh
B.How often you eat that item
C.How many people are eating
D.How hungry you are while you are shopping
Answers
A borrower asks the notary Signing agent for the contact information for the closing agent and the lenders representative. The notary signing agent should respond by
Answers
Answer: a. Providing the borrower with the information for both contacts.
Explanation:
There is no legal precedent that states that the Notary should not provide the borrower with information to the closing agent and the lender's representative so in this case the Notary should provide the borrower with the information on both contacts.