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3 years ago

The legal authority of a salesperson normally is:

Business

2 answers:

Dvinal [7]3 years ago

6 0

Answer:

to solicit orders and get ratification and acceptance from his or her employer.

Explanation:

Legal authority is defined as the a provision of the law that carries the force of the law including statutes, rules, regulations, and court rulings.

So the legal authority of a person in a particular capacity is what he is legally allowed to do in a given transaction.

In this instance we are considering a salesperson. The legal authority of a salesperson is to solicit orders and get ratification and acceptance from his or her employer.

Goshia [24]3 years ago

4 0

Answer: D. to solicit orders and get ratification and acceptance from his or her employer.

Explanation: A salesperson is described as one whose job is to sell things, either in a shop/store or anywhere else. The legal authority of a salesperson normally is to solicit orders and get ratification and acceptance from his or her employer. The nature and extent of legal authority given to salespersons would depend on the type of product to be sold, as well as on the nature of the employer they represent but with the aim of assisting rather than hindering sales.

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Brief Exercise 22-09 Kaspar Industries expects credit sales for January, February, and March to be $211,000, $270,600, and $315,

aniked [119]

Answer:

Results are below.

Explanation:

Giving the following information:

Credit sales:

January= $211,000

February= $270,600

March= $315,300

It is expected that 75% of the sales will be collected in the month of sale, and 25% will be collected in the following month.

Cash collection January:

Sales on credit from January= (211,000*0.75)= 158,250

Total cash collection= $158,250

Cash collection February:

Sales on credit from February= (270,600*0.75)= 202,950

Sales on credit from January= (211,000*0.25)= 52,750

Total cash collection= $255,700

Cash collection March:

Sales on credit from March= (315,300*0.75)= 236,475

Sales on credit from February= (270,600*0.25)= 67,650

Total cash collection= $304,125

8 0

2 years ago

Bruce receives 20 stock rights in a nontaxable distribution. The stock rights have an FMV of $5,000. The common stock with respe

svlad2 [7]

Answer:

c. $5,000

Explanation:

Bruce can deduct loss of $5,000

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2 years ago

Suppose the Digby company shifts focus to only competing in the Thrift and Nano segments, while competing on price by reducing c

Bess [88]

Answer:

Niche cost leader strategy

Explanation:

In simple words, A niche cost pioneer or leader aims to exploit consumer markets that are price responsive. Its objective is to undercut all rivals' costs while remaining sustainable. Under this business strategy, the producer try to create a strong customer base by offering lower prices as it is the best motivation for the customer to try a specific product.

Thus, from the above we can conclude that the correct answer is niche cost leader.

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2 years ago

Joseph is reviewing secondary data his company collected about seasonal variations in consumer spending because he is thinking a

Yanka [14]

Answer:

The advantages of using secondary data are several, but its main advantage is that it is the cheapest way to gather large sets of information. A lot of secondary data is available on the internet, so it is time saving. Using secondary data saves work, efforts and money.

We can also use secondary data to determine more specifically which primary data we need to gather, again saving resources.

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2 years ago

Truman Co. sells a large number of common household items, while Stapleton sells a small number of expensive items. The two comp

slava [35]

Answer:

Truman has a higher inventory turnover ratio and Stapleton has a higher gross profit ratio ( D )

Explanation:

Truman sell a large number of common household items ( assuming 100 unit )

while Stapleton sells a small number of expensive items ( assuming 20 units )

lets assume : Truman sells at $5 per unit and Stapleton sells at $50 per unit

with the above assumptions

Truman gross profit ratio = $5 * 100 units = $500

Stapleton gross profit ratio = $50 * 20 units = $1000

from the above assumptions you can deduce that the gross profit made by Stapleton is higher although he sells a smaller amount of goods while Truman has a higher Turnover because of its higher number of sold units

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3 years ago