Answer:
The correct answer is A consultative seller.
Explanation:
The basic concept of the consultative sale resides in how, through an inquiry process based on questions about the client's business executed by the seller, the prospect helps the prospect to solve a problem or reach a new goal through the use of its products or services. However, although the concept of “consultative sales” is familiar to most sellers, the truth is that many of them do not have the clarity to execute it correctly. This happens because sellers have been trained to believe that the best way to sell a product is to educate the customer about the product from a first contact. This form of sale focused on the description of product functionalities is not as efficient for a first sales meeting, especially for complex sales that require a longer process. Once the needs of the client have been detected, we will be able to educate the client more easily about the product or service but not waiting for the right moment can make us have to work harder to get the sale closed.
Answer:
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
consultative seller
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
Explanation:
consultative seller consultative seller consultative seller
Which of the following is least likely to be a question or study of economic concern? A. What are the benefits to Tampa Bay of hosting the Super Bowl? B. What is the motivation of the Red Cross? C. Is anything really free? D. How connected is productivity and wage?
Answer:
The correct answer is B.
Explanation:
Economics is a social science that studies how available resources can be managed to meet human needs. It studies the behavior and actions of human beings in the face of different situations in which a need or a demand for an object or service arises.
The economy never takes into account the motivation behind an action. It simply evaluates the need that is satisfied, the management of resources to meet it and the actions that are carried out to achieve the objective.
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Harris Fabrics computes its predetermined overhead rate annually on the basis of direct labor hours. At the beginning of the year it estimated that its total manufacturing overhead would be $134,000 and the total direct labor would be 20,000 hours. Its actual total manufacturing overhead for the year was $ 123,900 and its actual total direct labor was 21,000 hours.
Compute the Company's predetermined over rate for the year?
Answer: $6.70 per direct labor hour
Explanation:
Given that,
Estimated total manufacturing overhead = $134,000
Estimated total direct labor = 20,000 hours
Actual total manufacturing overhead for the year = $ 123,900
Actual total direct labor = 21,000 hours
Predetermined over rate for the year = [tex]\frac{Estimated\ manufacturing\ overhead}{Estimated\ direct\ labor\ hours}[/tex]
= [tex]\frac{134,000}{20,000}[/tex]
= $6.70 per direct labor hour
The predetermined overhead rate for Harris Fabrics is computed by dividing the estimated total manufacturing overhead ($134,000) by the estimated total direct labor hours (20,000), resulting in a rate of $6.70 per direct labor hour.
The student is asking us to compute the predetermined overhead rate for Harris Fabrics. Based on the information provided, the company estimated at the beginning of the year that its total manufacturing overhead would be $134,000 and the total direct labor hours would be 20,000.
To calculate the predetermined overhead rate, we use the formula:
Predetermined Overhead Rate = (Estimated Total Manufacturing Overhead ÷ Estimated Total Direct Labor Hours)
Using the figures provided:
$134,000 ÷ 20,000 hours = $6.70 per direct labor hour
Thus, the predetermined overhead rate for the year is $6.70 per direct labor hour.
The actual material substances used to create an artwork are called ____.
The actual material substances used to create an artwork are called art materials or mediums. The materials used to create an artwork are referred to as art materials or mediums, including traditional items like paint and canvas, and may involve mixed media. The choice of materials affects the manipulation and eventual impact of the artwork, as well as its value and significance.
The actual material substances used to create an artwork are called art materials or mediums. These can range widely from traditional materials like oil and pigments on canvas, carved marble, woven fibers, to more contemporary mediums such as film, the written word, and the body in dance performances. Also, the term mixed media is used when artists incorporate multiple mediums into their work.
Art materials play a crucial role in the creative process, as they make it possible to construct the physical object that is the artwork, such as sculptures and paintings. They also contribute to the value, importance, and associations that an artwork can have. Knowing the materials and the special processes involved in the creation of the artwork can greatly enhance one's appreciation and understanding of it.
Furthermore, the specific properties of these materials influence how they can be manipulated and the effects they can achieve. Mastery of the relevant techniques combined with the choice of materials helps to define an artist's unique style and the visual impact of their art.
A performance obligation is:
a. An enforceable expectation of a customer to receive a good or service from the seller.
b. An offer to transfer a good or service to the customer
c. An expectation of a customer for the receipt of a good or service by a vendor
d. A promise in a contract with a customer to transfer a good or a service to the customer
Answer:
.
Explanation:.
The Frito-Lay plant applies a product focus strategy, which is appropriate for what type of producer? A. low-volume, high-variety B. low-volume, low-variety C. high-volume, low-variety D. high-volume, high-variety
Answer:
The correct answer is C. high-volume, low-variety
Explanation:
Frito-Lays plants produce under the low-variety, high-volume process model common in commercial baked goods and the beer industry. Preventive equipment maintenance is critical to avoid downtime costs.
This model ensures a high flow of products, anticipating the high demand that the company has.
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Inhabitants of Pandora use stone beads as money. On average, every stone bead is used 5 times per year to carry out transactions. The total supply of beads is 50 million. According to the quantity theory of money, the level of aggregate spending in Pandora must be 250 million.
a) What is the level of aggregate spending in Pandora according to the quantity theory of money?b) Suppose the inhabitants of Pandora start using less money to conduct the same number of transactions (i.e., each individual carries fewer beads). What is the effect on the velocity of money?
Answer:
The correct answers are 200 million; increase.
Explanation:
The aggregate expense is the approximate value of the goods and services that an economy will produce. It measures its economic activity, or gross domestic product. Its definition in terms of the variables of the components is the sum of consumption, expected investments and public spending and net exports. The factors that affect it usually alter the estimated value. These factors must initially affect the variables of the components in order to alter the net aggregate.
Final answer:
The level of aggregate spending in Pandora according to the quantity theory of money can be calculated using the equation of exchange. If the inhabitants of Pandora use less money for transactions, the velocity of money will increase as each bead is used more frequently.
Explanation:
The level of aggregate spending in Pandora according to the quantity theory of money can be calculated using the equation of exchange, MV = PQ. In this case, the money supply (M) in Pandora is 50 million beads, and the velocity of money (V) is 5 transactions per bead per year. Therefore, the level of aggregate spending (PQ) in Pandora is 250 million bead transactions per year.
If the inhabitants of Pandora start using less money to conduct the same number of transactions, the velocity of money would increase. This is because each individual carrying fewer beads would lead to each bead being used more frequently to facilitate transactions, thus increasing the velocity of money.
Oswald Publishing is a monopsonist that just increased its workforce from 100 to 101 employees. It is paying the new employee $17 per hour. All of the other employees were earning $16 per hour, but they were all given raises to $17 to maintain fairness. What is the marginal factor cost?
Answer:
The answer is: Marginal factor cost of labor per hour is $117 for one new worker.
Explanation:
The marginal factor cost of labor per hour can be calculated using the following formula:
change in total factor cost
marginal factor cost = ____________________
change in factor quantity
($17 x 101 workers) - ($16 x 100 workers)
marginal factor cost = _______________________________
101 workers - 100 workers
marginal factor cost = ($1,717 - $1,600) / 1 = $117
Marginal factor cost of labor per hour is $117 for one new worker.
Justine went to the specialty grocery store by her office after work. When looking at the offerings at the meat counter, she was surprised to see ground beef selling for $4.49/lb. At her normal grocery store, she can get the same quality beef for $3.29/lb., a price Justine feels is reasonable. $3.29/lb. for ground beef is Justine's __________.
Answer:
The correct answer is reference price.
Explanation:
Consumers generally tend to compare the price of all the products. They purchase the product that they find priced reasonably and fairly. The product price that consumers use to make a comparison is called the reference price.
It is generally a previously advertised product or a competitor's product that is used for reference purposes. The reference price is considered justified by consumers.
Below are the 2014 and 2015 year-end balance sheets for Tran Enterprises:
Assets:
2015
2014
Cash
$ 200,000
$ 170,000
Accounts receivable
864,000
700,000
Inventories
2,000,000
1,400,000
Total current assets
$3,064,000
$2,270,000
Net fixed assets
6,000,000
5,600,000
Total assets
$9,064,000
$7,870,000
Liabilities and equity:
Accounts payable
$1,400,000
$1,090,000
Notes payable to bank
1,600,000
1,800,000
Total current liabilities
$3,000,000
$2,890,000
Long-term debt
2,400,000
2,400,000
Common stock
3,000,000
2,000,000
Retained earnings
664,000
580,000
Total common equity
$3,664,000
$2,580,000
Total liabilities and equity
$9,064,000
$7,870,000
The firm has never paid a dividend on its common stock, and it issued $2,400,000 of 10-year, non-callable, long-term debt in 2014. As of the end of 2015, none of the principal on this debt had been repaid. Assume that the company’s sales in 2014 and 2015 were the same. Which of the following statements must be CORRECT?
a. The firm had negative net income in 2015.b. The firm increased its short-term bank debt in 2015.c. The firm issued new common stock in 2015.d. The firm issued long-term debt in 2015.e. The firm repurchased some common stock in 2015.
Answer:
The correct option is (c)
Explanation:
From the year end balance sheet for 2014 and 2015 it can be seen that common stock balance as on 2014 was 2,000,000 and as on 2015, it increased to 3,000,000.
An increase in common stock implies that the company issued new 1,000,000 common stock in 2015.
Option (a) cannot be determined as no income statement item is given.
Option (b) is incorrect as the company reduced its short term bank debt in 2015.
Option (d) is incorrect as long term debt was issued in 2014 and not in 2015.
Option (e) is incorrect as company had issued and not repurchased common stock.
During the current year, Onal Co. purchased 10,000 shares of its own stock at $7 per share. The stock was originally issued at $6. The firm sold 5,000 of the treasury shares for $10 per share. The firm uses the cost method to account for treasury stock. What amount should Onal report in its income statement for these transactions?
Answer:
What amount should Onal report in its income statement for these transactions? 0.
Explanation:
deb cre
year-1 Treasury Stock 70000
(10000*7)
Cash 70000
year-1 Cash 50000
(5000*10)
Treasury Stock 35000
(5000*7)
Paid in capital for treasury stock 15000
Labor market forces affecting organizations right now include the growing need for computer-literate knowledge workers and the necessity for continuous investment in human resources through recruitment, education, and training. True or false?
Answer: True
Explanation: The business nowadays is running fast and the organisations are using latest technologies for their business operations. These technologies could be used only by efficient knowledgeable employees.
Thus, the organisations are constantly demanding employees with proper computer knowledge. Also, the organisations are running on the perception that human resource is the most important resource for them.
Therefore, the education and recruitment of employees is considered as must.
Hence we can conclude that the given statement is true.
"Sales and catering system provides an organized system of maintaining detailed information to help salespersons keep track of whom to contact and when to solicit business as well as a means for organizing daily tasks, including personal sales calls and follow-up visits." Based on the given statement, which function of sales and catering systems is referred to?
Answer:
The correct answer would be, Contact Management.
Explanation:
Sales and Catering System is a system which provides a smooth system for booking and sales. This system eliminates the time to stand in line at the function book. The amount of time which was used in preparing the reports, contracts, proposals, layouts, etc, has been drastically reduced with the use of this system.
Now the function of sales and catering system which is mentioned here is called the Contact Management in which the system provides detailed information to the salespersons, to help them keep track of whom to contact and when to solicit business as well as a means for organizing the daily tasks which may include personal sales calls, follow up visits, etc. So this is all Contact Management.
Kobe files a suit against joanna. they meet, and each party's attorney argues the party's case before a judge and jury. the jury presents an advisory verdict, after which the judge meets with the parties to encourage them to settle their dispute. this is
Answer:
The correct answer is: A Summary Jury Trial
Explanation:
Unlike most legal cases seen on a television set, the United States is now increasingly adopting a 'Summary Jury Trial;
What it does is give a chance for people involved in family disputes, property disputes etc to become part of a faux trail, where the jury is able to present it's verdict.
With all the information in mind, parties are given a chance to try and settle any of their disputes between themselves before starting a former trial that can be expensive and long for both parties involved.
Final answer:
The process described is known as a settlement conference or mediation in a civil lawsuit, aiming to encourage parties to settle before a full trial.
Explanation:
The situation described, where Kobe and Joanna's attorneys argue before a judge and jury, and the jury presents an advisory verdict followed by the judge encouraging the parties to settle, is typically referred to as a settlement conference or mediation process within a civil lawsuit. During this civil trial, both parties have the chance to present their evidence and witness testimonies, and engage in various pre-trial activities like submitting written summaries of their strategies and participating in jury selection. The aim of a settlement conference or mediation is to help the parties reach an agreement and avoid a full trial, which is successful in approximately ninety-five percent of cases.
Tamara and her children live in a subdivision with a tennis court and swimming pool. Her children are thrilled to be able to use these wonderful amenities. Who actually owns the tennis court and swimming pool? Tamara and her children reside in which type of common interest development?A. The tennis court and swimming pool are owned by the investors in the subdivision development. It is a Planned Unit Development.B. The tennis court and swimming pool are owned in common by all the property owners. It is a Planned Unit Development.C. The tennis court and swimming pool are owned in common by all the property owners. It is a subdivision.D. None of the Above.
Answer:
The correct answer is B. The tennis court and swimming pool are owned in common by all the property owners. It is a Planned Unit Development.
Explanation:
The planned unit developtment is a type of possession where individuals actually own the building or Unit in which they live but there are common areas that are jointly owned with the other members of the development or association. Unlike a Condominium, where individuals actually own the airspace of their unit, but common buildings and areas are jointly owned with others in a development or association.
2 pts Paul and Michael sell magazine subscriptions by telephone. Paul is paid $1.00 for every 5 calls he makes, while Michael is paid $1.00 for each call that sells a subscription. Paul’s telephoning is reinforced on a _____ schedule, whereas Michael’s is reinforced on a _____ schedule.A. Variable-ratio; fixed-ratioB. Fixed-interval; variable-ratioC. Fixed-ratio; variable-intervalD. Fixed-ratio; variable-ratio
Answer:
D. Fixed-ratio; variable-ratio
Explanation:
Fixed ratio (FR) schedule, a specific or “fixed” number of behaviors must occur before you provide reinforcement.
Variable Ratio: In a variable ratio (VR) schedule, an average number of behaviors must occur before reinforcement is provided.
Paul’s telephoning is reinforced on a fixed-ratio schedule, whereas Michael’s is reinforced on a variable-ratio schedule. Th correct answer is option: C. Fixed-ratio; variable-interval.
A fixed-ratio schedule provides reinforcement after a set number of responses. In Paul's case, he receives $1.00 for every 5 calls, indicating a predictable pattern of reinforcement. On the other hand, a variable-ratio schedule provides reinforcement after an unpredictable number of responses. Michael's payment depends on selling subscriptions, which can vary and therefore is less predictable.
Fixed-ratio schedules, like Paul's, create a high rate of response followed by a brief pause after reinforcement, as individuals know exactly how many actions are required to receive a reward.Variable-ratio schedules, like Michael's, tend to produce a high and steady rate of response, as the unpredictability of reinforcement encourages continuous effort in the hope that the next response will result in a reward.Refer to Closing Case 1 - Mobile CRM at Disney World: The intent of Disney’s MyMagic+ system is to better track the use of credit cards at Disney’s parks.
True or False ?
Answer:
false
Explanation:
that's because they don't need to use that
Answer:
False
Explanation:
Duverger’s Law states that a) proportional representation systems result in two-party systems. b) one-party systems are the result of white flight. c) single-member district systems result in two-party systems. d) presidential Republicanism results in ticket splitting.
Answer:
c) single-member district systems result in two-party systems.
Explanation:
Duverger’s Law -
This law was given by the french sociologist , Maurice Duverger in 1950s ,
according to law , the single - member districts tends to favor the two - party system , but in the proportional representation and the double ballot majority system tends to favor the multipartism .
Hence , from the statements given in the question , the correct statemnet fro the Duverger's law is ( c ) .
Duverger's Law articulates that single-member district systems often lead to two-party systems. This principle, derived from the observations of French sociologist Maurice Duverger, does not associate with proportional representation, white-flight induced one party systems, or presidential Republicanism triggering ticket splitting.
Explanation:Duverger's Law, named after the French sociologist Maurice Duverger, is a principle that refers to the concept that single-member district systems often result in two-party systems. The theory suggests that there is a systematic relationship between electoral systems and party systems, with single-member district systems creating a propensity towards two dominant parties.
The correct option in the given list is c) single-member district systems result in two-party systems. This principle does not directly relate to the concepts of proportional representation, one-party systems caused by white flight, or presidential Republicanism leading to ticket splitting.
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Peachtree Company borrows $30,000 from the local bank at 7% interest. The term of the note is five years, and the annual payments remain constant at $7,317. Determine the interest expense Peachtree Company should record in the second year.
Answer:
Determine the interest expense Peachtree Company should record in the second year. $ 1734.83
Explanation:
Interest = balance x interest %
=24783.28*7%
=1734.83
Due Date" "Payment Interest Principal Balance
30.000,00
1 1/1/20 7.316,72 2.100,00 5.216,72 24.783,28
2 1/1/21 7.316,72 1.734,83 5.581,89 19.201,39
3 1/1/22 7.316,72 1.344,10 5.972,62 13.228,77
4 1/1/23 7.316,72 926,01 6.390,71 6.838,06
5 1/1/24 7.316,72 478,66 6.838,06 0,00
"A property has an annual before-tax cash flow of $100,000 and income taxes of $12,000. ?The investor has $2 million invested in this property. What is the investor's cash-on-cash return"
Answer:
The investor's cash-on-cash return is 5%
Explanation:
The formula to compute the cash on cash return is shown below:
= (Annual before-tax cash flow) ÷ (total invested amount)
= ($100,000) ÷ (2,000,000)
= 0.05
= 5%
There is no use of the income tax so we do not consider it in the computation part. Hence, ignored this income tax expense
It is always expressed in the percentage form.
A team of writers is just beginning a new documentation project. On their last project, the client complained that the completed document kept switching from active to passive voice and that the design of the headings was not visually consistent. Which of the following is the team’s best approach for avoiding such problems on the current project?
a.) Discuss cultural differences
b.) Create a style sheet
c.) Choose a group leader with strong editing skills
d.) Establish clear work procedures
Answer:
b.) Create a style sheet
Explanation:
According to my research on writing and editing processes, I can say that based on the information provided within the question the best approach for avoiding such problems on the current project would be to create a style sheet. This refers to a record of types of changes made during the editing process and often covers all the types of errors that can be found in a certain document. This will allow them to fix the requests made by the client and not redo them by mistake later on.
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Final answer:
The team's best approach to maintaining consistency in voice and design in their new documentation project is to create a style sheet and establish clear work procedures. A group leader with strong editing skills can also oversee these measures to ensure consistency.
Explanation:
To avoid issues with inconsistent use of active and passive voice and visually inconsistent heading designs in a new documentation project, the team's best approach would be to create a style sheet. A style sheet serves as a guideline for writers and editors to maintain consistency in voice, design elements, and formatting throughout the document. It helps prevent discrepancies and ensures that all team members are adhering to a unified style.
Beyond choosing a style sheet, it's also beneficial to establish clear work procedures to define roles, tasks, and the overall workflow. This may include regular reviews and check-ins to ensure adherence to the style sheet and to catch any deviations early on.
Appointing a group leader with strong editing skills might also help in maintaining the consistency of the document, as they can oversee the implementation of the style sheet and the work procedures, providing editing and feedback where necessary. However, the creation of a style sheet and establishment of clear work procedures would be the foundational steps in addressing the client's concerns.
A brokerage firm which provides analyst reports, investment advice, and information as well as online brokerage services is called a(n): a) premium discount broker. b) full-service broker. c) basic discount broker.d) electronic broker.
Answer:
B.
Explanation:
A stock broker is an individual usually associated with a stock brokerage firm. Their general job role is the selling of stock (share, securities, options) on behalf of a client via a stock exchange.
Stock brokers often, also give financial advice for institutional, commercial or private clients that they work with in order to counsel their clients on where best to spend their money with a view of gaining the highest financial return.
There are two main types of stock brokers:
-Discount brokers.
-Full service brokers.
Are more expensive to hire and often earn a good amount brokerage, fee, commission. They not only facilitate and undertake stock deals between clients and sellers, but they also provide financial advice and stock advice in order to steer buyers in the right direction to assist them with closing the worthwhile deals.
A manager is hired by a start-up for her demonstrated ability to think strategically and make broad-based decisions that serve the entire organization. In other words, the manager has been hired for her strong _____ skills.a. technicalb. diagnosticc. communicationd. conceptual
Answer:
Conceptual Skills
Explanation:
According to my research on studies conducted by various psychologists, I can say that based on the information provided within the question the manager was most likely hired for her Conceptual Skills. This is the ability that an individual may possess to analyze hypothetical situations in order to gain valuable information and develop strategies. Which allows that individual to make certain big decisions in benefit of the company.
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Purple Consulting has five consultants in the firm. The company’s annual revenue is around $500,000. Income is distributed among all consultants, and each is personally liable for claims if the company goes under.What type of business is this?
Answer:
The answer is: General partnership
Explanation:
This type of company is created by two or more people that associate in a partnership to carry on a business. An agreement is made between partners (can be written or verbal) to set up the rules on how the partnership will operate. Usually partnership is terminable at will or at death or anyone involved. Their interests or assets can´t be sold without consent of the other partners.
Partnerships are usually considered to be private entities by their own (separate from the partners), so they can own property or sue someone else. They don´t provide liability protection to the partners, so each partner is liable for all debts of the partnership.
In the US, partnerships report their income to the IRS but are not taxed. Instead, individual partners are taxed based on their share of the profits or losses the partnership reported.
Theory X managers implement a more rigid environment. a. increase diversity. b. strive to cut costs and increase efficiency. c. operate as a community, with employees working in harmony. d. utilize time-motion studies.
Answer:
b. strive to cut costs and increase efficiency.
Explanation:
Theory X managers is pessimistic. They believe people are lazy and unproductive. They will look to implement politics to increase the productivity,.
Fixed costs can be defined as costs that A. are incurred only when production is large enough. B. vary inversely with production. C. are incurred even if nothing is produced. D. vary in proportion with production.
Answer:
The correct answer is C. are incurred even if nothing is produced.
Explanation:
Fixed costs are the cost of an organization that don´t change with the amount of production. So , if the production is 0, this cost will exist anyway. For example: taxes, rental
Then, Fixed costs can be defined as costs that are incurred even if nothing is produced.
Fixed costs, in the business context, are those that are incurred even if nothing is produced. They are constant and don't change with the level of production. An example is the rent for a factory which remains the same irrespective of whether any goods are produced or not.
Explanation:In the field of business, fixed costs refer to the costs a business incurs even when no production takes place. Therefore, option C. 'are incurred even if nothing is produced' is the correct answer. This typically includes rent, insurance, salaries, and depreciation. These expenses are constant regardless of output level. For instance, if a factory pays $5000 per month in rent, this cost is considered 'fixed' because it remains the same regardless of whether the factory produces anything or not.
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The market for breakfast cereal is currently in equilibrium. Suddenly there is a storm that destroys the wheat that farmers had been growing for the cereal manufacturer. What will happen to the cereal market after the storm?
a) Demand will decrease.
b) Supply will increase.
c) Demand will increase.
d) Supply will decrease.
Answer:
C
Explanation:
It will need to decrease Because the wheat is gone, so it decreases the amount of cereal made.
Nakato, a South Asian country, exported goods worth $500 million and imported goods worth $400 million in the last fiscal year. The country also made foreign investments worth $300 million and provided foreign aid worth $100 million in disaster relief. Besides this, the country took a loan of $5 billion from the World Bank. This flow of money into and out of Nakato is measured by _____.
Answer:
This flow of money into and out of Nakato is measured by 'Balance of payments'.
Explanation:
We are asked to determine the type of flow of money into and out of Nakato.
We know that a systematic record that represents all economic transaction between the residents of a country and rest of world in a given time period is known as balance of payments.
This transaction can be in different forms.
The exchange of goods for goods,Services for goods,Services for services,Services and goods for money.Therefore, the given flow of of money into and out of Nakato is measured by 'Balance of payments'.
Answer:
(D) Balance of Payments.
Explanation:
Balance of payments accounts are the books of a country where it saves all the transactions between own country’s citizens and the rest of the world.
It includes three accounts, i.e. current account, capital account and financial accounts.
Here, following exchanges are included in Balance of Payments
Goods for goods: Like in the case, exported $500 million goods for $400 million goods
Services for goods: This happens when one country provide goods for other’s services
Services for services: Services are exchanged between two countries
Services and goods for money: Both services and goods are exchanged for money, like international projects.
Use the following information to compute NET INCOME.
The income tax rate is 40%.
Sales 10,000
Dividends 700
Cost of Goods Sold $ 4,000
Interest Expense 1,100
Selling and Administrative Expense 1,750.
a. 1,260b. 1,190c. 1,890d. 1,470e. 980
Answer:
c. $1,890
Explanation:
As for the provided information, we have
Net income is the income after allowing expenses of every nature, and after taxes, but does not include the dividend as is not an expense but allocation or distribution of profits.
Thus net income shall be as follows:
Sales - Expenses
Sales = $10,000
Expenses = $4,000 + $1,100 + $1,750 = $6,850
Profit before taxes = $3,150
Less: Taxes @ 40% = $1,260
Net Income = $1,890
Correct option is
c. $1,890
Derek serves on the board of directors for a furniture company. He is also the CEO of a timber company attempting to secure a contract with the furniture company. What situation does this example represent?a. synergistic integration
b. conflict of interest
c. corporate social responsibility
d. environmental sustainability
Answer:
b. conflict of interest
Explanation:
Conflict of interest is the situation which arises when a person or an organization starts to possess an interest in multiple things.. Such conflict arises primarily in the financial or economic background. Such type of conflict gives rise to a situation in which the individual or organization's interest may affect the duty of adversely. The decisions are made to benefit the third party. In the above situation, Derek is in the situation of conflict of interest.
Which of the following statements is true of direct marketing? Direct marketers can target only large groups of customers whose demographic features have not been determined. Online direct marketing results in higher cost-per-contact for the company when compared to traditional mass marketing strategies. Direct marketing is immediate, interactive, and gives consumers a lot of control in making purchases. For buyers, direct marketing is an inconvenient and lengthy process. Direct marketers offer a limited selection of products and services to customers.
The statement that Direct marketing is immediate, interactive, and gives consumers a lot of control in making purchases is true. Direct marketing allows targeted advertising and can offer a wide selection of products and services. Technological and global shifts have increased its use and effectiveness.
Explanation:
The true statement about direct marketing from the provided options is: Direct marketing is immediate, interactive, and gives consumers a lot of control in making purchases. Direct marketing is a form of advertising that allows direct business-to-business and business-to-consumer transactions, eliminating the need for any intermediaries. Marketers can specifically target identified groups of consumers, contrary to the idea that demographic features haven't been determined. Such direct marketing strategies can include email marketing, telemarketing, and direct mail, all of which can be cost-effective when compared to traditional mass marketing strategies. Furthermore, customers get a wide and diverse selection of products and services from direct marketers, making the buying process shorter, more convenient and giving customers more control. The shifts towards technology and globalization have led to the rise of online direct marketing, thereby enhancing competition among local retail businesses and between suppliers and buyers nationwide or globally.
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