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3 years ago

Personal Selling is :

Business

1 answer:

Firlakuza [10]3 years ago

4 0

Answer:

Option A. The two-way flow of communication between a buyer and seller, often in a face-to-face encounter, designed to influence a person’s or group’s purchase decision.

Explanation:

The reason is that the personal selling is the face to face selling which means two way flow of communication is necessary. The seller will use his marketing exprience to influence the buyer which results in greater sales and customer satisfaction. So it is the face to face selling method which most of the companies opt and this way of selling is known as personal selling.

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The following information is available for two different types of businesses for the 2016 accounting year services to is a merch

babunello [35]

Answer and Explanation:

The Preparation of income statement, balance sheet, and statement of cash flows for each of the companies is prepared below:-

Income Statement

HOPKINS CPAs

For the year ended December,31 2016

Particulars Amount

Revenue:

Service Revenue $31,000

Less: Salaries Expense ($19,800)

Net Income $11,200

Balance Sheet

HOPKINS CPAs

As at December 31,2016

Particulars Amount

Assets

Cash $52,200

Total Assets $52,200

Liabilities:

Notes Payable $41,000

Total Liabilities $41,000

Stockholder's Equity:

Retained Earnings $11,200

Total Stockholder's

Equity $11,200

Total Liabilities and

Stockholder's Equity $52,200

Working Note:

The Cash balance as on 31 December, 2016

= Borrowed amount + Collection from customer - Salary expense

= $41,000 + $31,000 - $19,800

=$52,200

Statement of cash flows

HOPKINS CPAs

For the Year Ended 31, December, 2016

Particulars Amount

Cash Flows From Operating Activities:

Cash Inflow from Clients $31,000

Cash outflows for Salaries -$19,800

Net Cash Flow from Operating Activities $11,200

Cash Flows From Investing Activities: $0

Cash Flows From Financing Activities:

Cash Inflow from Loan $41,000

Net Cash Flows from Financing Activities $41,000

Net Increase in Cash $52,200

Add: Beginning Cash Balance $0

Ending Cash Balance $52,200

Income Statement

Sports clothing

For the Year Ended 31 December,2016

Particulars Amount

Revenue:

Service Revenue $30,000

Less;Cost of Goods Sold -$16,800

Gross Margin $13,200

Less: Operating Expense -$2,400

Net Income $10,800

Balance Sheet

Sports clothing

As of December 31,2016

Particulars Amount

Assets:

Cash $48,600

Merchandise Inventory $3,200

Total Assets $51,800

Liabilities:

Notes Payable $41,000

Total Liabilities $41,000

Stockholder's Equity:

Retained Earnings $10,800

Total Stockholder's Equity $10,800

Total Liabilities and

Stockholder's Equity $51,800

Notes:-

Cash balance on 31 December,2016 = Borrowed amount - Purchase of Inventory + Collection from sale of inventory -Operating expense

= $41,000 - $20,000 + $30,000 - $2,400

= $48,600

Merchandise Inventory = Purchase - Cost of goods sold

= $20,000 - $16,800

= $3,200

Statement of Cash Flows

Sports Clothing

For the Year Ended 31, Dec 2016

Particulars Amount

Cash Flows From Operating Activities

Cash Inflow from Customers $30,000

Less: Inventory for Cash Outflow -$20,000

Less: Expenses for Cash Outflow -$2,400

Net Cash Flow From Operating Activities $7,600

Cash Flow From Investing Activities $0

Cash Flow From Financing Activities

Cash Inflow from Loan $41,000

Net Cash Flow From Financing Activities $41,000

Net Increase in Cash $48,600

Add: Beginning Cash Balance $0

Ending Cash Balance $48,600

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3 years ago

A stock's standard deviation indicates how the stock affects the riskiness of a diversified portfolio. Therefore, the standard d

givi [52]

Answer: true would be the answer

3 0

3 years ago

Recording purchases, purchases returns, and purchases allowances LO P1 Prepare journal entries to record the following transacti

skelet666 [1.2K]

Answer: See attachment

Explanation:

Note:

April 17:

Account payable- Lyon Company:

= $5000 - $750

= $4250

Merchandise inventory:

= $4250 × 2%

= $4250 × 0.02

= $85

Cash = $4250 - $85

= $4165

April 28:

Account payable- Frist Corp:

= $9300 - $500

= $8800

Merchandise inventory:

= $8800 × 1%

= $8800 × 0.01

= $88

Cash = $8800 - $88

= $8712

Check the attachment for further information

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4 years ago

Ricardo borrowed $5,000 from his friend, Lorenzo. Ricardo signed a handwritten note stating, "I promise to pay $5,000 to Lorenzo

Andreyy89

Answer: Promissory note

Explanation:

Promissory note is considered to be an financial instrument that consist of the promise made by a person through a written document stating to pay a certain sum of money to another party as mentioned on the specific date or time.

Promissory note usually contains the details of indebtedness name , date, interest amount, principle amount, place of issuance and signatures of the parties involved. This instrument basically gives the information of how the party owes money to another party. this note is legally enforceable by law.

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3 years ago

The customer value proposition portion of a company's business model concerns

charle [14.2K]

Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.

a company's business model sets forth the logic for how its strategy will create value for the customers, while at the same time generate revenues sufficient to cover costs and realize a profit
customer value proposition - a plan for satisfying customer wants and needs at a price customers will consider good value
profit formula - a plan for a cost structure that will enable the company to deliver the customer value proposition profitably

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4 years ago