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kipiarov [429]
4 years ago
7

How is a salesman different from someone in another occupation?

Business
1 answer:
Charra [1.4K]4 years ago
3 0
<span>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.</span>
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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:

<u>Bruce Company</u>

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 <u>adjusting entry </u>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.

<em>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. </em>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 <em>0.05 * X</em>. Given that the <em>incremental</em> federal tax rate is 34% after the state corporate income tax and because the state corporate income tax is <em>deductible</em> from the federal taxes, the incremental federal tax is <em>0.34 * (X - 0.05 * X)</em>. Therefore: <em>0.34 * (X - 0.05 * X)</em> = <em>0.34 * 0.95 * X</em> = <em>0.323 * X</em>. The combined effective tax rate should be 32.3%.

8 0
4 years ago
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