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4 years ago

How is a salesman different from someone in another occupation?

1 answer:

3 0

Salespeople generally interact with customers more than most professions, which requires a huge amount of communication skills and non verbal reading.
On top of that, The comission of a salesman is typically more performance based rather than monthly/yearly salary.

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OFFERING 20 POINTS Whitney's proposal to build 10,000 guns relied on what two important elements found in the modern manufacturi

strojnjashka [21]

Answer:

interchangeable parts and assembly lines

Explanation:

8 0

3 years ago

During Bruce Company’s first year of operations, the company purchased $4,300 of supplies. At year-end, a physical count of the

seraphim [82]

Answer:

Supplies Used = $2475

Explanation:

Bruce Company

Supplies Purchases $4,300

Supplies on hand $1,825

Supplies Used = $ 4300- $ 1825 = $2475

The amount of Supplies used ( $ 4300- $ 1825 = $2475) will be shown in the income statement as an expense and the amount of unused supplies or Supplies on hand $1,825 will be shown in the Balance sheet as an asset account. The both of which will total the supplies actually purchased.

The relating adjusting entry will be

Supplies Expense $ 2475 Debit

Supplies Account $ 2475 Credit

This means the supplies of the amount $ 2475 have been used and is recorded as an expense in the income statement. It will be deducted from the gross profit. The remaining amount $ 1825 is for future use so recorded as an asset in the Balance Sheet and added to the total assets.

6 0

3 years ago

Which of the following is a disadvantage of barter as a countertrade arrangement?

Wittaler [7]

Answer:

(C). Firms engaged in barter run the risk of having to accept goods they do not want or cannot use.

Explanation:

Countertrade is a trade system in which goods and services are exchanged for other goods and services.

Barter is a type of countertrade where money isn't involved. Only goods and services are exchanged between participating parties.

A disadvantage of barter is that, in the absence of required goods, a firm may have to accept the goods the other firm is offering even though it doesn't need or cannot use those goods at that point in time. The firm could resell the goods later.

5 0

4 years ago

The super prize in a contest is $10 million. This prize will be paid out in equal yearly payments over the next 20 years. If the

Angelina_Jolie [31]

Answer:

contest sponsors have to deposit $6795163.17 in the escrow account

Explanation:

given data

amount = $10 million

time = 20 year

rate = 4 %

to find out

how much do the contest sponsors have to deposit in the escrow account

solution

we know Cash flow per period = 10000000/20 = $500000

we will apply here future value formula to find amount

future value = cash flow × $\frac{1-(1+r)^{-t}}{r}$

here r is rate and t is time

put here value

future value = 500000 × $\frac{1-(1+0.04)^{-20}}{0.04}$

future value = 6795163.1724

so contest sponsors have to deposit $6795163.17 in the escrow account

4 0

4 years ago

A firm operates in a state that has a corporate income tax rate of 5% and is deductible from the federal taxes. If the increment

Salsk061 [2.6K]

Answer:

The answer is b. false

Explanation:

Call X as the adjusted gross income before taxation. The corporate income tax is 0.05 * X. Given that the incremental federal tax rate is 34% after the state corporate income tax and because the state corporate income tax is deductible from the federal taxes, the incremental federal tax is 0.34 * (X - 0.05 * X). Therefore: 0.34 * (X - 0.05 * X) = 0.34 * 0.95 * X = 0.323 * X. The combined effective tax rate should be 32.3%.

8 0

4 years ago