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KATRIN_1 [288]
3 years ago
6

Jordan visited a sporting goods shop. The salesperson knew that he had a fear of bugs and used this fear to sell him extra campi

ng gear. This is an example of _____.
Business
2 answers:
stepladder [879]3 years ago
7 0

Answer:

Deceptive sales technique

Explanation:

Based on the information provided within the question it can be said that what the salesperson did in this scenario is an example of a Deceptive sales technique. This term refers to when a salesperson pushes a product or service on a customer with high-pressure by appealing to that individuals potential fears, greed, or vanity in order to convince them on purchasing the product. Exactly what the salesperson did to Jordan.

Ivahew [28]3 years ago
4 0

Answer: Deceptive trade practices

Explanation:

Deceptive Trade practices refer to the activity of misinforming and misleading customers in order for the seller or service provider to make sales.

There are several deceptive trade practices and some of them include:

*** Stating that the goods being sold are of a particular quantity or standard when they are definitely not.

*** Convincing potential customers that certain goods are new when they are already altered or previously used by someone else.

*** Deliberately using deceptive representations of the birth place of certain goods.an example is having a label on a product that states that it was produced in Germany when it was actually made in New Zealand.

***Selling off goods as those of another

***Claiming that certain services or goods possess qualities, benefits, ingredients or abilities thay they never had.

*** Using coercive means to force one into buying against one's wish. This is commonly referred to as high pressure sales.

*** Taking advantage of emergencies and certain circumstances to force patronization of the seller's goods/services. A good example is a seller of antiseptics persuading locals and residents of an area that is currently experiencing viral disease outbreak to purchase his goods in very large quantities so as to reduce chances of getting infected

Therefore, the salesperson's ability to use his prior knowledge of Jordan's fear of bugs to sell him extra camping gear is an example of DECEPTIVE TRADE PRACTICES

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Schweser Satellites Inc. produces satellite earth stations that sell for $95,000 each. The firm's fixed costs, F, are $2.5 milli
AVprozaik [17]

Answer:

Schweser Satellites Inc.

The incremental profit is:

= $845,000

Explanation:

a) Data and Calculations:

Selling price of Satellite Earth Station = $95,000 each

Total sales revenue = $4,750,000 ($95,000 * 50)

Fixed costs, F = $2.5 million

Annual production and sales units = 50 units

Total profits = $500,000

Total contribution = $3 million ($2.5 m + $500,000)

Variable costs = $1,750,000 ($4,750,000 - $3,00,000)

Variable cost per unit = $35,000 ($1,750,000/50)

Assets = $4 million

Equity = $4 million

Additional assets = 4.5 million

Additional fixed operating costs = $380,000

New assets = 8.5 million

Fixed operating costs = $2.88 million

Variable cost reduction per unit = $12,000

New variable cost per unit = $23,000 ($35,000 - $12,000)

Production and sales units = 65 (50 + 15)

New selling price per unit = $88,000

Cost of equity = 16%

Tax rate = 0%

Profit under new arrangements:

Contribution per unit = $65,000 ($88,000 - $23,000)

Total contribution margin = $4,225,000 ($65,000 * 65)

Fixed operating costs =       $2,880,000

Net operating profit              $1,345,000

Incremental profit = $845,000 ($1,345,000 - $500,000)

4 0
3 years ago
Detailing's cost formula for its materials and supplies is $2,060 per month plus $12 per vehicle. For the month of August, the c
OverLord2011 [107]

Answer:

Planning budget amount = $3,052.00

Explanation:

<em>The planning budget is als0 known as the </em><em>fixed budge</em><em>t . It is the budget prepared for the original level of activity intended or  planned for. As it's name implies, it is used for  planning purpose.</em>

For the month of August, the planning budget

= $2060 + ($12 × 86)

=  $3,052.00

Planning budget amount = $3,052.00

5 0
3 years ago
Read 2 more answers
What is progressive tax and what is it based on?
kozerog [31]

A progressive tax takes a larger percentage of income from high income groups than from low income groups and is based on the concept of ability to pay.

3 0
3 years ago
Read 2 more answers
The following selected transactions were completed by Fasteners Inc. Co., a supplier of buttons and zippers for clothing:
Lera25 [3.4K]

<u>Solution and Explanation:</u>

The following journal entries will be passed in the book sof fasteners Inc., Co., which is a supplier of buttons and zippers for clothing

Date        Accounts Titles and Explanation  Post Ref    Debit  Credit

1 Nov-21  Notes receivable                                      $ 72,000  

      Accounts receivable-McKenna Outer Wear Co.        $ 72,000

2  Dec-31  Interest receivable (72000 * 9 \% * 40 / 360)    $720  

 Interest revenue                                                     $ 320

3  Jan-20  Cash                                           $ 73080  

 Interest revenue (72000 * 9 \% * 20 / 360)         $360

 Interest receivable                                          $720

 Notes receivable                                               $72,000

Note: the figures have been calculated and rounded off in the nearest dollar amount.

4 0
3 years ago
ABC Corporation distributes property to its sole shareholder, Andre. The property has a fair market value of $350,000, an adjust
saul85 [17]

Answer:

ABC has a gain of $145,000 and Andre's dividend income is $130,000

Explanation:

Property ABC issued, has the following:

fair market value = $350,000

Adjusted basis = $205,000

Liability = $220,000

Calculate ABC's Corporation gain:

Gain = market value - Adjusted basis

= $350,000 - $205,000

= $145,000

ABC has a gain of $145,000

Calculate Andre's dividend income since he is the sole shareholder:

Dividend earnings = fair market value - liability

= $350,000 - $220,000

= $130,000

Andre's dividend income is $130,000

Correct option is D.

With respect to distribution, ABC has a gain of $145,000 and Andre's dividend income is $130,000

8 0
3 years ago
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