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vampirchik [111]
3 years ago
6

Although a sales representative may skip a step in the personal selling process or might sometimes have to go back and repeat st

eps, there is logic in the sequence. all of the following describe the personal selling process except?a. before a salesperson can work through the preapproach, leads must be qualified.b. the customer's reservations must be addressed before closing the sale.c. closing the sale is the final—and most satisfying—part of the process.d. carefully working through the preapproach will make the next step—the sales presentation—more effective and efficient.e. follow-up may include additional sales for the representative.
Business
1 answer:
Verdich [7]3 years ago
5 0

Answer: c. closing the sale is the final—and most satisfying—part of the process.

Explanation:

Closing the sale is NOT the final part of the process but rather the FOLLOW-UP.

And like option e in the question shows, following up can lead to more sales for the representative because following up can guage customer satisfaction and if the customer is satisfied, they could become loyal and recurrent customers.

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cost $24,000 with a six-year life and no salvage value. The company expects to sell the machine's output of 3,000 units evenly t
Vikentia [17]

Answer:

4 years

Explanation:

The computation of the payback period is shown below:

Payback period is

= Cost of a Machine ÷ Annual cash flow

where,

Cost of a machine = $24,000

And, the annual cash flow is

= Net Income + Depreciation  expense

= $2,000 + $4,000

= $6,000

Now placing these values to the above formula

So, the payback period is

= $24,000 ÷ $6,000

= 4 years

7 0
3 years ago
A company is considering the purchase of a new machine for $48,000. Management expects that the machine can produce sales of $16
Diano4ka-milaya [45]

Answer:

False

Explanation:

Annual cash inflow = Sales revenue - Cash expenses

Annual cash inflow = $16,000 - $8,000

Annual cash inflow = $8,000

Cost of machine = $48,000

Payback period = Cost of machine/Annual cash inflows

Payback period = $48,000/$8,000

Payback period = 6 years

So, the payback period for the machine is 6 years.

7 0
3 years ago
Your company is considering purchasing a machine for $270,000. This machine will bring revenues of $100,000 in the second year,
kumpel [21]

Answer:

Yes we should go with this project because it has a positive NPV of $4,350

Explanation:

We need to calculate the net present value of the machine to decide whether to invest in the machine or not.

As per Given Data

Costs $270,000

Cash Inflows

Year 2      $100,000

Year 3      $150,000

Year 4      $75,000

Interest Rate = 6%

Net Present Value

As we know Net Present value is calculated by discounting each years cash flows using using the Weighted Average cost of Capital.

Year       Cash Inflows    Discount factor 13%  Present values

Year 0      $(270,000)     (1+6%)^-0                 $(270,000)

Year 2      $100,000        (1+6%)^-2                 $89,000

Year 3      $150,000        (1+6%)^-3                 $125,943

Year 4      $75,000          (1+6%)^-4                 <u>$59,407  </u>

Net present value                                            <u>$4,350   </u>

7 0
4 years ago
Suppose the average return on Asset A is 6.9 percent and the standard deviation is 8.1 percent and the average return and standa
olasank [31]

Answer:

Explanation:

Let us follow this accordingly

a. We have that ;

Z is given as = (X-mean)/standard deviation

where X = 10, mean = 6.9 and standard deviation is 8.1 ------- for A

inputting values we have;

Z = (10-6.9)/8.1 = 0.3827

Using the NORMDIST function in excel, [NORMDIST(0.3827)] = 0.649. This is the probability of earning less than 10%.

Hence the probability of earning more than 10% = 1-0.649 = 0.351 or 35.1%

b. At less than 0%;

X = 0,  mean = 6.9 and standard deviation is 8.1

Thus Z = (0-6.9)/8.1 = - 0.8519. Using the NORMDIST function in excel, [NORMDIST(-0.8519)] = 0.1971 or 19.71%.

From this, the probability of earning less than 0% = 19.71%

c. Also For B;

X = 10%, mean = 4% and standard deviation = 3.5%

inputting values gives us ;

Z = (10-4)/3.5 = 1.7143.

Using the NORMDIST function in excel, [NORMDIST(1.7143)] = 0.9568. This is the probability of earning less than 10%.

Which makes the probability of earning more than 10% = 1-0.9568 = 0.0432 i.e 4.32%

d. Als, X = 0.

Giving us;

Z = (0-4)/3.5 = -1.1429.  

Using the NORMDIST function in excel, [NORMDIST(-1.1429)] = 0.1265 or 12.65%

Thus the probability of earning less than 0% = 12.65%

e. Return on A = -4.36%

Thus z = (-4.36 - 6.9)/8.1 = -1.39. NORMDIST of -1.39 = 0.0822 or 8.22%

f. Return of B = 10.7%

Thus z = (10.7% - 4)/3.5 = 1.9143.

Its NORMDIST = 0.9722

This makes the probability of earning less than 10.7%.

Thus required probability gives us = 1-0.9722 = 2.78%

3 0
4 years ago
During times of rising prices, which of the following is not an accurate statement?a. Average costing will yield results that ar
Levart [38]

Answer:d. LIFO will result in higher income taxes than FIFO

Explanation:

A period of rising prices means price will be higher on the latter goods than the former, inventory sold on Last in first out method (LIFO) will be costlier in this period than inventory sold on First in First out ( FIFO) this invariably means LIFO will result in lower net income due to high cost of inventory compared to FIFO and the lower the net income the lower the income tax this invariably means LIFO will result in lower income tax.

Average costing will yield result that are between those of LIFO and FIFO since it can an average of two price with one LIFO and the other on FIFO, LIFO will result in higher cost of goods sold since the latter goods will be costlier, FIFO will result in higher net income since the goods will be cheaper than LIFO.

5 0
3 years ago
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