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pishuonlain [190]
3 years ago
6

Gary, a new salesperson for a reputed cellphone manufacturer, meets the owner of a transport company that employs 50,000 people

as cab drivers. On his first meeting, he plans to sell mobile phones to all the 50,000 cab drivers because he believes his firm's mobile phones are the best in the market. Which of the following is a drawback of this primary call objective?
a. It is too qualitative.
b. It is unrealistic.
c. It is irrelevant.
d. It is less optimistic.
e. It cannot be measured.
Business
1 answer:
qaws [65]3 years ago
6 0

Answer:

Option B. It is unrealistic

Explanation:

The reason is that the people have different likes which means we will never see 100 percent acceptance from the customers which might in the way of rejecting the offer of Gary. So the assumption that 50,000 cab drivers will purchase its product is truly optimistic which in other words is unrealistic assumption. So the option B is correct.

Option A is incorrect because the assumption is less qualitative as it doesn't relies on realistic assumption.

The cab drivers sales are relevant here but the sales assumption was unrealistic (Highly optimistic assumption) so the option C and D are incorrect.

Option E is also incorrect because the sales to cab drivers can be measure by initially directly selling 1000 cell phone to 1000 cab drivers which will give an actual idea of sales units expected, which means it is measurable.

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Suppose peanut butter is an inferior good for Ilya and the price of peanut butter rises. What will happen to Ilya's consumption
kirill [66]

Answer:

The substitution effect will cause a decrease in the consumption of peanut butter and the income effect will cause an increase in the consumption of peanut butter.

Explanation:

Inferior goods are those whose demand drops as income increases. People tend to prefer other goods but are forced to use the inferior good because of income constraints.

If peanut butter is an inferior good and the price rises substitution effect will tend to cause a decrease in demand and consumption of peanut butter. This is because consumers will seek other alternatives.

Income effect acts in opposite direction to substitution effect, and will cause an increase in consumption of peanut butter.

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How did Smoking come to be? who invented it?
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Read 2 more answers
Sunland Company entered into these transactions during May 2022, its first month of operations. 1. Stockholders invested $38,000
likoan [24]

Question Completion:

Show the effect of each transaction on the accounting equation.

Answer:

Sunland Company

1. Stockholders' investment in the business = $38,000

Assets (Cash + $38,000) = Liabilities + Equity (Common Stock + $38,000)

2. Office Computers purchased on account from Ladd = $34,000

Assets (Equipment + $34,000) = Liabilities (Accounts Payable + $34,000) + Equity

3. Cash payment for May Rent = $2,200

Assets (Cash -$2,200) = Liabilities + Equity (Retained Earnings - $2,200)

4. Computer services performed on account = $19,500

Assets (Accounts Receivable + $19,500) = Liabilities + Equity (Retained Earnings + $19,500)

5. Computer services performed for cash = $6,400

Assets (Cash + $6,400) = Liabilities + Equity (Retained Earnings + $6,400)

6. Utilities for May paid $8,200

Assets (Cash - $8,200) = Liabilities + Equity (Retained Earnings - $8,200)

7. Payment to Ladd = $34,000

Assets (Cash - $34,000) = Liabilities (Accounts Payable - $34,000) + Equity

8. Advertising expense on account = $3,300

Assets (Cash - $3,300) = Liabilities + Equity (Retained Earnings - $3,300)

9. Cash received from customers = $12,700

Assets (Cash + $12,700, Accounts Receivable -$12,700) = Liabilities + Equity

Explanation:

a) Data and Calculations:

Transactions entered into during May 2022:

1. Stockholders' investment in the business = $38,000

2. Office Computers purchased on account from Ladd = $34,000

3. Cash payment for May Rent = $2,200

4. Computer services performed on account = $19,500

5. Computer services performed for cash = $6,400

6. Utilities for May paid $8,200

7. Payment to Ladd = $34,000

8. Advertising expense on account = $3,300

9. Cash received from customers = $12,700

b) The accounting equation is the basis of the double-entry system of accounting practice.  It states that at every point in time and with every transaction, the assets are equal to the liabilities plus owners' equity.  This implies that the assets are owed by creditors and stockholders.  Therefore, every business transaction by Sunland Company has a double-entry effect on the assets, liabilities, and owners' equity.

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Levart [38]
I would say A. Would be your best answer.
Hope I helped!
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LekaFEV [45]

Answer:

c. strategic, tactical, and operational

Explanation:

There are three levels of planning which are as follows:

1. Strategic planning: This planning refers to take the long term decision with respect to the resources available, cost and the time that helps to accomplish the goals and the objectives of an organization in an efficient and effective manner

2. Tactical planning: This planning does the planning about the implementation of the plans, producers, and policies so that the activities could be properly coordinated between the different department managers.  

3. Operational planning: This planning do the planning about day to day task which is to be completed with the given time.

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