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3 years ago

A manufacturer that sells _ is most likely to employ personal selling.

Business

1 answer:

bonufazy [111]3 years ago

5 0

Answer:

C. Private jets to people.

Explanation:

Personal selling refers to a strategy in which the sales people meet with the customer to convince him/her to buy the product. This strategy is used when the goods of services are costly or technical. According to this, the answer is that a manufacturer that sells private jets to people is most likely to employ personal selling because it is an specialized and costly product that requires to meet the customer to be able to explain everything and encourage him/her to make the purchase.

The other options are not right because they are cheaper products and don't require the sales people to meet with the customer to be able to sell them.

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Jamestown Furniture Mart, Inc., sold $ 80,000 of furniture in May to customers who used their American Express credit cards. Suc

puteri [66]

Answer:

a. Debit Bank for $77,600; Debit Sales discount for $2.400; and Credit Sales for $80,000.

a. Debit Bank for $80,000; and Credit Sales for $80,000.

Explanation:

a. Prepare journal entries to record the sales and the subsequent receipt of cash from the credit card company.

The journal entry will look as follows:

Accounts Title Debit ($) Credit ($)

Bank (97% * 80,000) 77,600

Sales discount (3% * 80,000) 2.400

Sales 80,000

(To record sales paid for by the customer using American Express credit cards.)

b. Do the same as requirement (a), but assume the credit cards used were VISA cards (a bank credit card).

Under this scenario, the sales are NOT subject to discount and the customer will 100% of the price.

The journal entry will therefore look as follows:

Accounts Title Debit ($) Credit ($)

Bank 80,000

Sales 80,000

(To record sales paid for by the customer using VISA cards.)

4 0

3 years ago

On January 1, 2021, Wright Transport sold four school buses to the Elmira School District. In exchange for the buses, Wright rec

Sloan [31]

Answer:

Sales revenue = $408,823.60

Explanation:

we must first determine the present value of the note:

PV = $515,000 / (1 + 8%)³ = $515,000 / 1.08³ = $408,823.60

discount on the note = $515,000 - $408,823.60 = $106,176.40

the journal entry should be:

January 1, 2021, school buses sold to Elmira School District

Dr Notes receivable 515,000

Cr Sales revenue 408,823.60

Cr Discount on notes receivable 106,176.40

4 0

3 years ago

Make a list of profession and professionals related to medical science.

shtirl [24]

Answer:

;oiuytrfghbghg

Explanation:

6 0

3 years ago

Why do consumers benefit from free trade and the resulting competition between businesses?

Helga [31]

The answer for this question is: Competition tends to drive down prices and improve quality
When free trade exist, every businesses must heavily compete in order to win the customers' favor.
In order to obtain the favor, a couple of things that they could do are lowering their price in comparison to their competitor and improve the products that they made.

4 0

4 years ago

You are buying a home for $360,000. If you make a down payment of $60,000 and take out a mortgage on the rest at 8.5% compounded

MatroZZZ [7]

Answer:

$2954.22

Explanation:

We are given a present value of $360000 which needs to be paid in the future for the mortgage of a house therefore we are further told that $60000 of down payment has been made so now we are required to pay $300000 as monthly installments for the next 15 years so this is a present value annuity problem as we will have future regular periodic payments that for a house mortgage so firstly to interpret this information properly we will use the present value annuity to find the monthly payments which the formula is as follows:

Pv = Cx[(1 -(1+i)^-n)/i]

where C is the periodic payment we are looking for.

Pv is the present value for the home which is $300000 as a down payment of $60000 was made.

i is the interest rate which is 8.5%/12 as we are told it is compounded monthly.

n is the number of periods the in which the mortgage payments are made which is 15 years X 12 months =180 payments.

now we will substitute in the above mentioned formula :

$300000 = Cx[(1-(1+8.5%/12)^-180)/(8.5%/12)] now we will divide both sides with what multiplies C in brackets to solve for C

$300000/[(1-(1+8.5%/12)^-180)/(8.5%/12)] = C

$2954.218674 = C now we round off to two decimal places

C= $2954.22 which will be the monthly payment for this mortgage for 15 years every month.

6 0

3 years ago