The statement is true: making sure that a customer's goods are delivered on time is an important aspect of personal selling.
Personal selling is a face-to-face sales method where a salesman uses their people abilities to convince a consumer to purchase a specific product. The salesperson tries to persuade the consumer that the product will only add value by emphasizing its different qualities. However, the goal of personal selling is not always to convince a client to purchase a product. This strategy is frequently used by businesses to inform clients about new products.
The business uses a person-to-person strategy in order to raise awareness of the product. This is due to the fact that selling requires a personal touch, and salespeople are better at pitching a product to a potential customer. Retail and direct-to-consumer channels are the two various ways that personal selling can be done. In the retail channel, a salesperson deals with prospective consumers who come in by themselves to inquire about a product. The salesperson's responsibility is to ensure that he fully comprehends the needs of the consumers and displays the numerous products that fall into that category in accordance. In the direct channel, a salesperson meets prospective clients in an effort to inform them of a new product the company is introducing or about a new deal that the clients may not be able to obtain from the open market.
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Write an elevator pitch for someone that will start their own beauty salon/barber shop
An effective technique to introduce your company's goals and pique interest in your goods or services is through an elevator pitch. A compelling pitch will draw in potential.
Product: What does that mean?The object being sold is referred to as a product. A service or even an object both qualify as products. It might take on a physical, virtual, or cyber form. Every product has a cost associated with it, and each one has a price.
Is a remedy a thing?The easiest way to distinguish between a product and a solution is to say that a product is what you have made and what it is capable of. A business outcome who offers your clients quantifiable value is a solution.
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Jason purchased 500 shares of XYZ stock at $17.12. One year later he sold the 500 shares at $18. He paid a transaction fee of $19.95 for each transaction. What was the amount of gain or loss on the sale?
Hi
assuming he bought and sales all in the same order we have :
500x18 - 500x17.12 - 2* 19.95 =
I let you do math.
Answer:
420.05$. He gained.
Explanation:
1800$*500=9000$
17.12$*500=8560$
and he had to pay 19.95$ for transaction.
so,the amount he gained is 9000$-8560$-19.95$
=420.05$
is the manager of South African Airways actively involved in the decision
Professor John Lamola is the manager of South African Airways actively involved in the decision to rescue the business, which started in 2021.
The airline South African Airways had been in the market for about 86 years, and had its operations closed in 2020, but after a business recovery plan, the company returned to operationalize in the market.
What is a Business Recovery Plan?It corresponds to a strategy for a business to be restructured after a series of disruptions that may result from negative risks associated with the market. Judicial recovery helps companies to incorporate means that help in the suspension or renegotiation of debts in a period of crisis, which could lead to bankruptcy and closure of activities.
Therefore, a judicial recovery plan helps companies to institute strategic measures and support until they can be reorganized and repositioned to continue operating in the market.
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Summarize the main points of a wise investment strategy
Answer:
Strategy 1: Value Investing.
Strategy 2: Growth Investing.
Strategy 3: Momentum Investing.
Strategy 4: Dollar-Cost Averaging.
On August 1, Super Flooring Company paid $3,000 rent in advance for a three-month period. The $3,000 was debited to the Prepaid Rent account. The necessary adjustment at August 31 would include a (debit/credit) ______ to the prepaid rent account in the amount of _____ (omit $/cents).
The Prepaid Rental account was debited by $3,000 in this case. A (debit/credit) credit of $1,000 would be applied to the rent that was paid in advance as part of the appropriate adjustment on August 31.
Prepaid rent—is that a capital asset?Rent that has been paid in advance is debited from the account and is credited with cash in the initial journal entry. The balance sheet of a corporation is not affected by either of these asset accounts because they are both assets. Considered as asset because they will assist the organization in the future financially, prepaid expenses are a good idea to keep in mind.
How does prepaid rent appear in the journal?Any payment that prepays an expense results in a debit to a prepaid account, such as Prepaid Insurance. The prepayment is subsequently added as an asset to the cash account, which is then credited, according to the balance sheets of the business.
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What is the difference between final goods and intermediate goods?
A) Final goods are goods that are purchased by the end-consumer or user for their personal consumption or use.
B) Intermediate goods, on the other hand, are goods that are used as inputs in the production of other goods.
Final goods and intermediate goods are terms used in economics to distinguish between different types of goods in the production process. Here's a breakdown of the difference between the two:
1. Final Goods:
Final goods are goods that are purchased by the end-consumer or user for their personal consumption or use. These goods are ready for consumption and do not undergo further processing or transformation before reaching the final consumer. Examples of final goods include food products, clothing, electronics, furniture, and vehicles. Final goods are the end result of the production process and are intended for final consumption or use.
2. Intermediate Goods:
Intermediate goods, on the other hand, are goods that are used as inputs in the production of other goods. They are not intended for final consumption but are instead used as raw materials, components, or capital goods in the production process. Intermediate goods undergo further processing or transformation before being included in the final goods. Examples of intermediate goods include raw materials like steel or wood, components like circuit boards or engines, and machinery or equipment used in production.
The key distinction between final goods and intermediate goods lies in their purpose and stage in the production process. Final goods are produced for the ultimate satisfaction of consumers' needs and are ready for consumption, while intermediate goods are used in the production of other goods and undergo further processing.
It's important to note that when calculating a country's Gross Domestic Product (GDP), only the value of final goods is considered. Intermediate goods are excluded to avoid double-counting, as their value is already included in the final goods they contribute to. By focusing on final goods, GDP provides a measure of the value of goods and services produced for final consumption in an economy.
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A few years ago, in order to gain market share, DelRay™, a well-known learning management system software company used by many colleges and universities, joined forces with WEB Cast™, another learning management system software company. Both companies were in the same industry and originally competed against one another. In business, we would call the joining of these two firms a(n
In business, we would call the joining of these two firms a horizontal merger is the joining of two firms in the same industry, often producing very similar products or services. This strategic move is usually for the purchasing firm to increase its market share and competitive advantage.
What is business?Business is the practice of making one's living or making money by producing or buying and selling products. It is also any activity or enterprise entered into for profit. Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business.
If the business acquires debts, the creditors can go after the owner's possessions.
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You are sewing a hem on a sewing machine when you notice that the individual stitches are too tight. After you finish the hem, you tug on it to even out
the stitches, and the thread snaps. Which of these would be the BEST way to solve this problem?
O A.
OB.
O C.
O D.
Push the needle lower.
Raise the needle higher.
Reduce the tension.
Increase the tension.
set
Next
The best way to solve this sewing problem, is to Raise the needle higher.
Sewing:
Sewing refers the craft of fastening or attaching objects using stitches made with a sewing needle and thread. And it is one of the oldest of the textile arts, arising in the Paleolithic era.
Given,
Here we have the given situation, you are sewing a hem on a sewing machine when you notice that the individual stitches are too tight. After you finish the hem, you tug on it to even out the stitches, and the thread snaps.
Here we need to identify the best way to solve this problem.
In order to solve this problem, we have to carefully looking into the given situation,
Here they said that, you are sewing and there is a too tight stiches on the cloth.
Now, you have to tug on it to even out the stitches and the thread snaps.
So, the thing here we have to do is to raise the needle higher to release the thread.
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the impact of the CPA on businesses.
The purpose of this Act is to guarantee product safety. It holds companies who manufacture goods, as opposed to merely selling them, accountable for any harm brought on by subpar or flawed goods.
What are impact of the CPA on businesses?
A law known as the Consumer Protection Act of 1986 (or "CPA") for short forbids unfair business activities in the marketplace. Moreover, it offers support to customers who have been harmed as a result of such infractions. Services and products are covered under the CPA. According to the Consumer Rights Act, all tangible items that a firm (or "trader") sells to a customer must be of adequate quality and suitable for that purpose installed properly (if installation is included in the contract of sale).
Customers Rights According to the Consumer Protection Act of 1986, customers have several rights that protect them against fraud and other unfair activities. These rights make guarantee that customers may shop smarter and receive support for grievances.
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True or false many small businesses fail every year
Answer:false
Explanation:
Consumers affect wich goods and services are produced because they?
Foundation
QUESTION 8 / 10
Which of the following statements is TRUE about payday loans?
Answer:
what are the answer choices
Which situation is an example of indirect taxation?
OA. Stores charge sales tax on each purchase and give that money to
the government.
OB. Homeowners must pay a percentage of their home's worth to the
government.
OC. Businesses must send a portion of their income each year to the
government.
OD. Every citizen sends the government money to support the armed
forces.
SUBMIT
Option A is the correct answer. Indirect taxation is the situation where taxes are imposed on products or services and not directly on individuals. Therefore, the example of indirect taxation in the situation given is when stores charge sales tax on each purchase and give that money to the government.
Stores charge sales tax on each purchase and give that money to the government is an example of indirect taxation.Indirect taxation is a method of taxation in which individuals are not taxed directly, but instead, the tax is paid through an intermediary.
The tax is generally imposed on products or services. This tax, which is passed on to the customer as part of the price of the good or service, is then collected by the seller and forwarded to the government.
Sales tax, excise tax, and customs duty are all examples of indirect taxes.
Therefore, Option A is the correct answer.
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Ellyn Kole is the assistant chief accountant at Doman Company, a manufacturer of computer chips and cellular phones. The company presently has total sales of $20 million. It is the end of the first quarter. Ellyn is hurriedly trying to prepare a transaction analysis to assist her in preparing the financial statements. The total of the liabilities and owner's equity exceeds the total assets by $1,000. In order to meet the 4 pm deadline, Ellyn decides to force the transaction analysis into balance by adding the amount of the difference to the Equipment account. She chooses Equipment because it is one of the larger account balances; percentage-wise, it will be the least misstated. Ellyn "plugs" the difference! She believes that the difference will not affect anyone's decisions. She wishes that she had another few days to find the error but realizes that the final information is already late.
In your discussion posting address ALL questions but not limit to the following questions:
a. Who are the stakeholders in this situation?
b. What are the ethical issues involved in this case?
c. What are Ellyn's alternatives?
Answer and Explanation:
A. Stakeholders in the situation are:
1. Ellyn
2. The company
3. People using the financial statements
B. Ethical issues include:
1. Ellyn being dishonest by adding $1000 to the equipment asset and mistating the numerical value. This could cause loss as the $1000 could be from a liability account
C. Alternatives:
1. Creating a suspense account for the difference of $1000
2. Postponing finalisation and escalating the issue to a senior accountant to find out where the difference is from
a. The name of the stakeholders mentioned in the context are:
Ellyn The company People using the financial statements
b. Misstatement or the manipulation of the data records is the ethical issue that has been involved in the case mentioned over the context.
c. The final alternative that has been in the hand of Ellyn is to create the suspense account of the misstated amount and also extend the finalization date of the data.
a. The stakeholders are termed as the person who is also a member of the company and are included in the roles, operations, and functions of the company.
In this context, Ellyn, the company, and the People using the financial statements are the owners of the company and also the stakeholders of the company. these have purchased or invested in part of the company and have their part of share in the firm.
b. The ethical issues in the firm are termed as the issues that arose because of not following the laid norms of the firm.
In this context, Ellyn has misstated the amount of $1000 and decided to adjust it in the equipment account as it carries a high amount. This is the ethical issue of manipulation of the data.
c. The alternative that Ellyn has is she needs to adjust the difference amount in the suspense account that is created in order to adjust the unknown amount or the mistaken amount.
In order to get the time to correct the mistake of the data, she also has options to extend the date of the finalization of the data.
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4. Will Juan Carlos meet his $4,000 goal for every year in college with this plan? Explain your .
With this plan, Juan Carlos will not meet his goal because with this plan he can save only $2400.
Based on the information about the plan, let's calculate how much will Juan Carlos save.
Important information:
Money Juan Carlos saves per hour: $10 Number of hours per week: 20 hoursTotal of money every week: $200We also know he will work during the summer that is 12 weeks.
$200 x 12 weeks = $2400
This means the total of money he can save is $2400 and therefore he can't save $4000 by using that plan.
Note: This question is incomplete because information about the plan is missing, here is the missing information.
Juan Carlos words 20 hours/week during the summer, 0 hours/week during the school year, but saves 100% of his income.There are 40 weeks in a school year and 12 weeks of summer. Assum Juan Carlos makes $10/hrLearn more in: https://brainly.com/question/25192498
Your friend is trying to establish good credit. Your friend is thinking about taking out a $15,000 auto loan to establish some credit on his credit report. Do you think this is a good idea for your friend to do this? Do you have an alternate suggestion? Why?
Answer:
I think this is a good idea if my friend has the income (job) to repay the loan and not miss a payment, and doing that will help build credit.
If my friend takes out the loan and knows it will not be repaid back on time and misses deadlines, it would be a bad idea to take the loan in the first place.
Another suggestion would be paying for groceries, gas, etc., and repay back if you have an income and build great credit that way.
Also, you can have a parent/guardian add you to their credit account, so let's say my friend's mother adds my friend to her account, and when the mother makes her payments, it will help my friend build credit.
Out of 100 cadets selected, 40 already know swimming and thus will not require a two-week swimming course of beginners. What will be the probability that out of 35 cadets selected, 7 will exemption from swimming course for the beginners?
The probability that out of 35 cadets selected, 7 will be exempted from the swimming course for beginners is 8%.
What is the probability?Probability is the ratio, which refers to the likelihood of an expected outcome happening when there are many possible outcomes.
Probability can be independent or mutually exclusive. In this situation, we have the combined probabilities of two independent events.
When probabilities are not absolutely certain or uncertain, they are depicted as fractional values, using fractions, decimals, and percentages.
The total number of cadets selected = 100
The number exempted from beginners swimming course = 40
The percentage of selected cadets exempted from training = 40% (40/100)
Sample size = 35
The probability that 7 out of 35 will be exempted = 8% (7/35 x 40%)
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It is also why businesses which produce goods or services of a specialized kind,which appeal only to limited number of consumers such as very luxurious car or expensive fashion clothing _____?
Because business has always been an important part of the economy. And in the economy, both people who need luxury and who does not.
Who is a consumers?Consumers are those who buy products for their own needs and use or consume them. Although a customer cannot resell the good, product, or service, he or she may use it to support himself or herself and engage in self-employment.
The person who uses any goods or services on a daily basis is the consumer. Consumers are anyone who purchases goods or services and consumes them with the buyer's consent.
This includes anyone else. Consumers include any individual or group of individuals who purchase goods or services from the buyer but do so without the buyer's knowledge or consent. The consumer can also be referred to as the final user of the goods or services.
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Consider the 2-period household model that you have seen in class. Suppose the household wants to consume equal amounts in both periods. She earns $100 in the first period and $150 in the second period. The interest rate depends on whether she saves or borrows. The interest rate on saving is 1%, while the interest rate on borrowing is 10%. Required:
What is her optimal consumption?
The optimal consumption of the household based on the interest rate on borrowing given will. 124.87.
How to calculate optimal consumption?From the information given, the following can be gotten:
Y1 = 100
Y2 = 150
Interest rate on savings = 1%
Interest rate on borrowing = 10%
When she saves, the optimal consumption will be:
c1 + c2/1+r = Y1 + Y2/1+r
c1 + c1/1+0.01 = 100 + 150/1+0.01
(1.01 × c1) + c1/1.01 = (1.01 + 150)/1.01
2.01c1 = 251
c1 = 251/2.01
c1 = 124.87
Therefore, the optimal consumption is 124.87.
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Which situation best illustrates an effect of the law of supply
Does anybody know how to solve this?
The Basic earnings per share is $2.75 per share.
Basic earnings per share
Using this formula
Basic earnings per share=Net income/Weighted-average common shares outstanding
Let plug in the formula
Basic earnings per share=$687,500/250,000 shares
Basic earnings per share=$2.75 per share
Therefore the Basic earnings per share is $2.75 per share.
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an appraisel is required if you work ___ standard hours
Answer: An appraisal is required if you work beyond standard hours.
Explanation: An appraisal is required if you work beyond standard hours because it indicates that you have put in additional effort and dedication to your work. Standard hours typically refer to the regular working hours specified by an organization or industry. When an employee goes above and beyond these standard hours, it often demonstrates their commitment to their job and a willingness to go the extra mile. This can include working overtime, taking on additional responsibilities, or completing tasks outside of the regular work schedule.
Appraisals are commonly used to evaluate an employee's performance, contributions, and overall value to the organization. By considering the extra time and effort put in beyond standard hours, employers can assess the employee's dedication, productivity, and impact on the company's goals. Recognizing and acknowledging these efforts through the appraisal process can motivate employees, provide them with a sense of accomplishment, and potentially lead to rewards or career advancement opportunities. Therefore, an appraisal is often necessary to recognize and evaluate the work done beyond standard hours.
Answer the following questions on the basis of the monopolist's situation is illustrated in the following graph.
a. At what output rate and price does the monopolist operate?
b. In the equilibrium, approximately what is the firm's total cost and total revenue?
c. What is the firm's economic profit or loss in equilibrium?
The following answers are based on a monopoly economy.
The output rate and the price at which the monopolist operates based on the graph is 100 quantities at $10.In the market equilibrium, the firm's total cost and total revenues are $750 and $1000 respectively. The firm's economic profit in the equilibrium is $250.What is a monopoly?A monopoly, as defined by Irving Fisher, is a market with "no competition," resulting in a scenario in which a certain individual or organization is the exclusive supplier of a given product.
To arrive at answer a, we need to recall that the equilibrium of a monopolist is when the Marginal Cost equals the Marginal Revenue and the Marginal Cost Curve (MC) cuts the Marginal Revenue Curve (MR ) from below.
At this point, the equilibrium output is 100, and the equilibrium price is $ 10 for every unit of production.
For the answer is b, given that the firm is producing 100 units of goods at an average total cost of $7.5 (derived from the point that aligns with MR = MC), therefore,
Total Cost = Equilibrium Output * ATC (Average Total Cost)
= 7.5 * 100
= $750
To arrive at answer c,
Recall that Economic profit is the difference between the money collected from the sale of a product and the expenses of all inputs utilized, as well as any opportunity costs, is the economic profit or loss.
Hence, Economic Profit = Total Revenue (TR) Less Total Cost (TC)
= $1000 - $ 750
= $250
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Electronics World Inc. paid out $38.1 million in total common dividends and reported $172.5 million of retained earnings at year-end. The prior year's retained earnings were $146.6 million. What was the net income? Assume that all dividends declared were actually paid. Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest dollar, if necessary.
Answer:
the increase in retained earnings from the prior year to the current year is:
$172,5 million - $146.6 million = $25.9 million
Explanation:
This increase is due to two factors: net income and dividends paid. We know that dividends paid were $38.1 million. Therefore, we can calculate the net income as follows:
$25.9 million = Net Income - $38.1 million
Net Income = $25.9 million + $38.1 million
Net Income = $64 million
Therefore, Electronics World Inc.'s net income for the year was $64,000,000.
1-What will be the effect of the following on the accounting equation: a-Amer started business with cash 1,80,000$ b-Purchased goods for cash 50,000$ and on credit 20,000$ c-Sold goods for cash 40,000$ costing 24,000$ d-Rent paid 10,000$, rent outstanding 2000$The answer will be : a-Assets 2,06,000 , liabilities 22,000 , capital 184,000 b-assets 204,000 , Liabilities 20,000 , capital 184,000 c-assets 186,000 , Liabilities 22,000 , capital 164,000
Answer:
Purchased goods for cash, 20,000. 4. Purchased goods on credit, 36,000. 5. Paid for rent, 700. 6. Goods costing ₹ 40,000 sold at a profit of 20% for cash ...
which of the following is an example of business related financial information:
pay stub
school-loan document
accounts recievable record
sales reciept from purchasing a new mattress
Answer:
accounts recievable record
Explanation:
Accounts receivable record shows the amount of money customers owe a business. It arises when a company sells goods or services to customers on credit. Accounts receivable is a financial record, as it records commercial transactions between a firm and its customers.
Accounts receivables are treated as assets in the financial records of a business.
What accounting book is used to capture changes to the trial balance
The accounting book used to capture changes to the trial balance is the general Journal.
The general journal is a chronological record of all financial transactions that affect account balances, including adjustments and corrections. It is where entries are first recorded before being posted to the appropriate accounts in the general ledger.
Journal entry refers to the process of entering business transactions in a journal called a Journal, which is then used to prepare the company's financial statements. The journal data will be extracted in order to create a ledger report.
The general journal assists in maintaining an accurate and full record of all modifications made to the trial balance, assuring the accounting system's integrity.
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The units of an item available for sale during the year were as follows: Jan. 1 Inventory 50 units at $100 Mar. 10 Purchase 70 units at $110 Aug. 30 Purchase 30 units at $118 Dec. 12 Purchase 50 units at $120 There are 80 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the ending inventory cost and the cost of goods sold by three methods. Round interim calculations to one decimal and final answers to the nearest whole dollar.
The ending inventory cost and the cost of goods sold using FIFO, LIFO, and Weighted-Average Cost methods are as follows:
FIFO LIFO Weighted-Average
Ending inventory $9,540 $8,300 $8,896
Cost of goods sold $12,700 $13,940 $13,344
Data and Calculations:
Date Description Units Unit Cost Total Cost
Jan. 1 Inventory 50 $100 $5,000
Mar. 10 Purchase 70 $110 7,700
Aug. 30 Purchase 30 $118 3,540
Dec. 12 Purchase 50 $120 6,000
Total 200 $22,240
Dec. 31 Ending inventory 80
Number of units sold 120 (200 - 80)
Average cost per unit = $111.20 ($22,240/200) under the periodic system
FIFO:
Ending inventory = $9,540 (30 x $118 + 50 x $120)
Cost of goods sold = $12,700 ($22,240 - $9,540)
LIFO:
Ending inventory = $8,300 (50 x $100 + 30 x $110)
Cost of goods sold = $13,940 ($22,240 - $8,300)
Weighted-Average Cost:
Ending inventory = $8,896 (80 x $111.20)
Cost of goods sold = $13,344 (120 x $111.20)
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Multiple Choice Question Calculate the adjusted cash balance per the books of XYZ Co. given the following information. Item Amount Balance per bank statement $600 Balance per cash account book balance 710 Deposit in transit 200 Note collected by the bank on behalf of the depositor 80 Monthly bank charges 40 Outstanding checks 50
Answer:750
Explanation:
During the annual Black Friday Sale, The OLX sold a pair of ski boots, regularly priced at $245.00, at a discount of 40%. The boots cost $96.00 and expenses are 26% of the regular selling price. For how much were the ski boots sold?
Answer: $147
Explanation:
First find what 40% of $245.00 is:
= 40% * 245
= $98.00
The boots are sold at a discount of 40%. This means that 40% - which is $98 - was deducted from the value.
The selling price is therefore:
= 245 - 98
= $147