Answer:
Closing (the Sale).
Explanation:
The salesperson's objective is to obtain a purchase commitment from the prospect and create a customer during closing stage in the personnel selling process. Personal selling process starts with prospecting, pre-approach, approach and then presentation, followed by handling objectives and then closing process. In closing process, salesperson actually want the costumer to purchase the product, therefore, he or she tries to close the process as soon as possible by taking purchasing intention from the customer. This is the most important step in the whole process because this steps yields actual sales where all other steps help this step.
Marketing channels are employed in a bid to aid the distributorship of goods to customers. The marketing channel that was employed by Owl's Roost in the above example is;
- Indirect Marketing Channel with one Intermediary
Indirect marketing or indirect selling occurs when businesses employ one or more intermediaries to help out in the distribution of their goods to customers. This is what Owl's Roost applied in this case.
The local market that was employed to aid distribution is the one intermediary that Owl's Roost used to sell its organic fruits and vegetables.
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Answer:
D. 15 percent
Explanation:
Cost of the machine = $2,000
Having considered operating costs as power, taxes, and so forth, the additional revenue from the output of this machine is expected to be $2,300
Expected return = $2,300 - $2,000
= $300
Therefore, the rate of returns
= Returns/cost
=300/2000
= 0.15
In Percentage, 15%. The expected rate of return on this machine is 15%
Answer:
a) Calculate the first year’s net earnings under the cash basis of accounting, and accrual basis of accounting.
cash basis accrual basis
total revenue $23,900 $31,600
operating expenses $12,010 $16,100
<u>prepaid insurance $2,690 </u>
net earnings $9,200 $15,500
b) the accrual basis always provides more useful information because transactions are recorded when they actually occur, not when cash flows (collections or payments) are directly associated to them. This is why the IRS only allows cash basis accounting for certain small businesses or sole proprietorships.
Answer:
![\left[\begin{array}{cccc}$unit sale&100000&90000&80000\\$sales revenue&3500000&3150000&2800000\\$COGS&&&\\$Material&900000&810000&720000\\$Labor&1000000&900000&800000\\$VMO&250000&225000&200000\\$FMO&80000&80000&80000\\$total&2230000&2015000&1800000\\$gross profit&1270000&1135000&1000000\\$V S and A&100000&90000&80000\\$F S and A&950000&950000&950000\\$operating income&220000&95000&-30000\\$tax expense&66000&28500&\\$net income&154000&66500&-30000\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bcccc%7D%24unit%20sale%26100000%2690000%2680000%5C%5C%24sales%20revenue%263500000%263150000%262800000%5C%5C%24COGS%26%26%26%5C%5C%24Material%26900000%26810000%26720000%5C%5C%24Labor%261000000%26900000%26800000%5C%5C%24VMO%26250000%26225000%26200000%5C%5C%24FMO%2680000%2680000%2680000%5C%5C%24total%262230000%262015000%261800000%5C%5C%24gross%20profit%261270000%261135000%261000000%5C%5C%24V%20S%20and%20A%26100000%2690000%2680000%5C%5C%24F%20S%20and%20A%26950000%26950000%26950000%5C%5C%24operating%20income%26220000%2695000%26-30000%5C%5C%24tax%20expense%2666000%2628500%26%5C%5C%24net%20income%26154000%2666500%26-30000%5C%5C%5Cend%7Barray%7D%5Cright%5D)
Explanation:
<em></em>
<em>We will cross-multiply the variables concept like sales revenues materials, labor and other</em>
I.G
<em>sales revenues for 90,000:</em>
3,500,000 / 100,000 x 90,000 = 3,150,000
<em>for 80,000:</em>
3,500,000 / 100,000 x 80,000 = 2,800,000
<em></em>
The fixed will remain at the same value between the relevant range so we do not change them.
For the tax expense we will have to check which is the rate
for 220,000 operating income the tax expense is 66,000
we can solve for rate: 66,000/220,000 = 0.3 = <em>30%</em>
Now we will determinate the tax expense with that rate.
<em>NOTE</em> attached missing information
