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Vitek1552 [10]
3 years ago
5

Kristy visited a car showroom as she wanted to buy a new car. While she was looking at a new range of compact luxury sport sedan

s on display, Edward, the salesperson, asked Kristy, "Which one do you like, the red one or the black?" "Black," she replied. "Great, I will write it up!" responded Edward. Kristy was upset as she felt that she was being tricked into making a commitment. Which of the following traditional closing methods was used by Edward in this scenario?
A. The standing-room-only close
B. The benefit-in-reserve close
C. The minor-point close
D. The assumptive close
E. The emotional close
Business
1 answer:
adell [148]3 years ago
3 0

Answer:

Option C.

Explanation:

In terms of making sales, Closing is a term that is used to refer to the moment when a customer decides to make the purchase.

There are numerous closing techniques, and the minor-point close is one of the techniques.

The minor-point close is the technique whereby the salesperson tries to intentionally gain the agreement of the customer or prospect on a minor point, and then uses it to assume that the sale is closed.

This technique is exemplified in the scenario presented above. Edward has concluded that Kristy wants to buy the black car, just because she has agreed that she liked it.

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Cody Jenkins and Lacey Tanner formed a partnership to provide landscaping services. Jenkins and Tanner shared profits and losses
Artyom0805 [142]

Answer:

A) 10,200

Explanation:

Capital balance of both partners :

Cody Jenkins = $39,000

Lacey Tanner = $51,000

Existing capital =. $(39,000 + 51,000) = $90,000

New purchase price - Solano = $24,000

Total capital = $(90,000 + 24000) = $114,000

New capital :

New partner share × total capital

New partner capital = 30 % × 114000 = $34,200

Amount of partner bonus = new purchase price - new partner capital

Amount of partner bonus = 24,000 - 34,200 = - $10,200

Bonus share ratio:

Cody Jenkins and Lacey Tanner share profit and losses equally :

Cody Jenkins and Lacey Tanner :

0.5 × 10,200 = -$5,100

B)

Account. - - - - - - - - - - - - - Debit - - - - - Credit

Cash - - - - - - - - - - - - - - - 24,000

Capital: valerio Solano - - - - - - - - - - - 34,200

Capital: Cody Jenkins - - - 5,100

Capital: Lacey Tanner - - - 5,100

Total - - - - - - - - - - - - - - - 34,200 - - - 34,200

C.)

The purchase price is less than the book value of the 30% percentage of the partnership purchase, valerio Solano purchase price was $24,000 but he was allocated 30% of total capital which is $34,200

4 0
3 years ago
How to determine equilibrium price and quantity from a table?
ozzi
I need more information
3 0
3 years ago
A federally funded research study involving children 8 to 12 years old involves collecting a single voided urine sample to asses
boyakko [2]

Answer:

D. Honor the child's decision.

Explanation:

4 0
3 years ago
Acme Manufacturing is producing $4,000,000 worth of goods this year and expects to sell its entire production. It also is planni
Gemiola [76]

Answer:

a.$1,650,000 $1,500,000

b. $1,500,000 $1,500,000

c.$1,300,000 $1,500,000

Assuming that Acme’s situation is similar to that of other firms, output will equal to short-run equilibrium output in CASE B

Explanation:

Actual Investment, Planned investment

a.$1,650,000 $1,500,000

b. $1,500,000 $1,500,000

c.$1,300,000 $1,500,000

Assuming that Acme’s situation is similar to that of other firms, output will equal to short-run equilibrium output in CASE B

Acme’s planned investment in every case is $1,500,000.

Therefore the key to this problem is to find the amount of unplanned inventory investment Acme makes then add this to their planned investment to find Acme’s actual investment

a. If Acme sells $3,850,000 worth of goods, it has unplanned inventory investment of $150,000 and total actual investment of $1,650,000.

$4,000,000-$3,850,000=$150,000

$1,500,000+$150,000=$1,650,000

b. If Acme sells $4,000,000 worth of goods as it planned, its actual investment of $1,500,000 isequal to its planned investment

$4,000,000-$4,000,000= $0

$0+$1,500,000=$1,500,000

c. If Acme sells $4,200,000 worth of goods, it must draw down $200,000 worth of goods from itsexisting inventory, implying that inventory investment is –$200,000.

$4,000,000-$4,200,000= -$200,000

Acme’s actual investment in this case is $1,500,000 – $200,000 = $1,300,000.

Output equals short-run equilibrium output in CASE B , so planned spending and actual spendingare equal.

8 0
3 years ago
A decrease in government spending
stich3 [128]

Answer:

a. decreases the interest rate and so investment spending increases.

Explanation:

An increase in government spending has a crowd-out effect on the economy as interest rate rises since government borrows more than many businesses in terms of size and volume. The opposite effect results when government spending decreases.

5 0
3 years ago
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