Ask question

Ask question

All categories

3 years ago

8

A method of selling in which a salesperson makes a telephone call or a visit to a prospective customer without a referral is cal

led __________.

1 answer:

ExtremeBDS [4]3 years ago

7 0

The Answer Would Be Cold Calling

You might be interested in

Colorado Corporation has two classes of stock: common, $3 par value; and preferred, $30 par value.Requirements1.Journalize

Alborosie

Answer:

1)

Debit Cash/Bank 27,000 (4,500 shares x $6 per share)

Credit Common Stock 13,500 (4,500 shares x $3 per share)

Credit Paid-In Capital in Excess of Stated Value—Common 13,500 (4,500 shares x $3 per share)

2)

Debit Cash/Bank 135,000 (4,500 shares x $30 per share)

Credit preferred Stock 135,000 (4,500 shares x $30 per share)

Explanation:

any issuing price of stock above par value will be credited in "Paid-In Capital in Excess of Stated Value—Common"

8 0

3 years ago

A company's flexible budget for 12,000 units of production showed sales, $48,000; variable costs, $18,000; and fixed costs, $16,

Drupady [299]

Answer:

$24,000

Explanation:

Selling price per unit:

= Sales ÷ units produced

= $48,000 ÷ 12,000

= $4

Variable cost per unit:

= variable costs ÷ units produced

= $18,000 ÷ 12,000

= $1.5

Fixed cost = $16,000

Net operating income if the company produces and sells 16,000 units:

= Sale - Variable cost - Fixed cost

= (16,000 × $4) - (16,000 × $1.5) - $16,000

= $64,000 - $24,000 - $16,000

= $24,000

4 0

3 years ago

On January 1, 2020, Grand Haven, Inc., reports net assets of $862,150 although equipment (with a four-year remaining life) havin

galina1969 [7]

Answer:

$35,000

Explanation:

Calculation for what amount should the patent be reported on Van Buren's consolidated balance sheet at December 31, 2021.

Unrecorded patent is valued at $45,000

Less Amortization for 2 years (9 years remaining life) ($10,000)

(45,000/9 years*2)

Patent reported $35,000

($45,000-$10,000)

Therefore the amount of patent that should be reported on Van Buren's consolidated balance sheet at December 31, 2021 is $35,000

7 0

3 years ago

Equipment was purchased at a cost of $52,000. It had an estimated useful life of seven years and a residual value of $3,000. Ass

Gnesinka [82]

D) a debit to gain on Sale of Asset

The transaction is going to be between Accumulated Depreciation account and Gain on Sale of Asset. The Depreciation account would be credited whiles the Gain on Asset account is Debited.

Explanation:

Cost = $52,000

Estimated useful life = 7 years

Residual value = $3,000

Depreciation for each year

($52,000 -$3,000) / 7 years = $7,000

Accumulated Depreciation as at year 6

<em>$7,000 * 6 years = $42,000</em>

Carrying amount as at the end of year 6 is

<em>$52,000 - $42,000 = $10,000</em>

Sales price is $14,000.

Profit or loss on sale

(sales price - carrying amount)

<em>$14,000 - $10,000 = $4,000</em>

Therefore the profit/gain on sale of asset of $4,000 will be debited in the gain on sale of asset account.

5 0

4 years ago

Your classmates are planning to go to Miami for spring break, and you are undecided about whether you should go with them. The r

MaRussiya [10]

Answer:

You should use the discount coupon to pay for the Miami trip. Not considering the personal motivations for the trip, the coupon is worth $500. The cost of flying is $600, so you will only pay $100 yourself. You will be spending $900 + $1000 = $1,000 in total.

The opportunity cost of using the coupon is $350 (the cost of the round trip to Atlanta). Even if you add the $350 to the $1,000 expense, the total is $1,350, less than your $1,400 maximum budget.

3 0

3 years ago