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1 year ago

The process of identifying individuals or companies who may need the selling firm's products or services is known as?

1 answer:

7 0

The process of identifying individuals or companies who may need the selling firm's products or services is known as Prospecting.

You locate potential consumers during the prospecting stage and assess whether they need your good or service and whether they can afford what you have to offer. Qualifying is the process of determining whether a customer needs your good or service and can afford it.

Identification of prospective clients, often known as prospects, is the first step in the sales process. Creating a database of potential consumers and communicating with them regularly in the hope of turning them from potential customers into existing customers is the aim of prospecting.

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Machinery was purchased for $85,000. Freight charges amounted to $3,500 and there was a cost of $10,000 for building a foundatio

tia_tia [17]

Answer:

b. $16,700

Explanation:

The computation of the depreciation expense under the straight-line method is shown below:

= (Original cost - residual value) ÷ (useful life)

= ($98,500 - $15,000) ÷ (5 years)

= ($83,500) ÷ (5 years)

= $16,700

The original cost is computed below:

= Original cost of machinery + freight charges + cost of building a foundation and installing the machinery

= $85,000 + $3,500 + $10,000

= $98,500

In this method, the depreciation is same for all the remaining useful life

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3 years ago

max fischer is a beekeeper. his annual group insurance costs 11,700. his employer pays 60% of the cost. how much does max pay se

jasenka [17]

To solve for the semimonthly payments on Max's insurance cost:

Annual insurance rate: $11,700

Employer pays 60%

What is Max's amount to pay?

(11,700)(.60) = $7,020

Max's employer pays $7,020

Max pays $4,680 (11,700-7,020)

If Max pay's $4,680 a year and we want to know but he pays semimonthly, or twice a month then we need to divide his annual payment by 24 since there are 12 months and he pays twice a month.

($4,680/24)= $195

Max pays $195 semimonthly for his insurance.

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3 years ago

What is the role of the Federal Reserve in the U.S. economy?

lys-0071 [83]

Answer: The correct answer:

A. Managing monetary policy.

5 0

2 years ago

Presented below are a number of transactions. Determine whether each transaction affects common stock, dividends, revenue, expen

marin [14]

Answer:

(a) It affects expense account.

(b) It affects Revenue account.

(d) It affects Expense account.

(e) It affects Dividend account.

(f) It affects Revenue account.

(g) It affects Expense account.

(h) It does not affect stockholders’ equity because purchase of equipment for cash doesn't affect stockholders’ equity.

(i) It affects Common stock account.

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3 years ago

If the purpose of a licensing statute is to raise revenue, a contract with an unlicensed professional may be enforceable.

pishuonlain [190]

If the purpose of a licensing statute is to raise revenue, a contract with an unlicensed professional may be enforceable is TRUE.

Revenue raising statutes. these are licensing statutes enacted to elevate money for the government. unlicensed persons can put in force contracts and recover for rendering services.

Specialists to gain a license, authorities has some say over who can carry out which jobs as well as how many people can perform those jobs. 2. the second main purpose of licensing statutes is extra intently related to the general public interest.

Business licenses preserve corporations accountable for their sports and conduct and guard the general public's fitness and safety. professional licenses imply the quantity of competence and know-how that a specific professional possesses.

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3 0

1 year ago