Answer:
$310,000
Explanation:
The direct labor cost is equal to the wages of machine operators i.e $310,000 as it is directly related to the production units
Moreover, the selling and admin personnel is a period cost that includes the major part of selling and admin expenses, therefore, it would not be considered
Plus the direct labor cost comes under the product cost like direct material cost, direct labor cost, etc
Hence, the direct labor cost is $310,000
Answer:
you're receiving too small of a gain
Explanation:
Based on the information provided within the question it can be said that offering a price so low that buyers immediately accept it might mean you're receiving too small of a gain. That is because if a buyer is immediately accepting it, then it can be because they realize that it is a great deal and that they will most likely not find a better price anywhere else and immediately decide to buy it from you. Therefore you can be selling it for an increased profit margin by increasing the price.
<span>Understanding the tasks required of the position is a necessity, as are any certifications that the job may need. In addition, listing references who have experience in the same or related fields can give an employer additional information that could bolster one's value in their eyes.</span>
Given:
Principal, P = 26500
term=5 years
Monthly payment, A = 695
Question: Find interest rate
Solution:
Unless there is a table available, there is no explicit formula to calculate interest. However, the interest rate can be solved for using the formula to calculate the monthly payment, as follows.
Substituting
P=26500
i=monthly interest rate to be found
A=monthly payment=695
n=5*12=60 months
Rearrange to give successive estimates of i by
I(i)=(695/26500)*((1+i)^60-1)/(1+i)^60
Try initial estimate of i=0.02 (2% per month)
I(0.02)=0.0182
I(0.0182)=0.01736
I(0.01736)=0.01689
....
Eventually we get the value to stabilize at i=0.016265, or
Monthly interest =
1.6265% (to four decimal places)
Answer:
1. Personal Selling
2. Need-Satisfaction
3. Handle this objection
4. Customer
5. Sales Plan Implementation
Explanation:
1. Personal Selling: uses personal communication and rapport-building to sell products or services.
2. Need-Satisfaction: by listening to the customer, a salesperson can identify the exact needs of the prospect, then the salesperson can customize their sales pitch to address those needs.
3. Handle this objection: the price objection may form Don Kennedy's decision not to purchase the good or service, so Alison needs to address this objection.
4. Customer: this organization is based on the type of customer the team are selling to, this allows teams to develop a thorough knowledge of the specific market they sell to.
5. Sales Plan Implementation: training and mentoring new salespeople are some of the ways to put a sales plan in place. New employees can gain valuable knowledge through this, reducing the time they need to start achieving sales goals.