Answer:
Future Value is $35776.902
Explanation:
Given data
saving = $2000
rate = 7 % = 0.07
time = 12 year
to find out
Future Value?
solution
we will apply here future value formula that is
Future Value = saving × (1 + rate)^time - 1 / rate
put all value here and we get
Future Value =2000 × (1 + 0.07)^12 - 1 / 0.07
Future Value = 2000 × 17.888451
Future Value is $35776.902
Answer:
Mental states selling
Explanation:
Mental states selling, or the formula approach to personal selling, assumes that the buying process for most buyers is essentially identical and that buyers can be led through certain mental states, or steps, in the buying process. Relies on a structured sales presentation just like the stimulus response. These mental states includes (AIDS) attention, interest, desire, and action
Answer:
Explanation:
d. debit to Cash for $24,000, credit to Accounts Receivable for $23,760 and credit to Sales Discounts Forfeited for $240.
Debit Credit
Cash $ 24,000.00
Accounts Receivable $ 23,760.00
Sales Discount Forfeited (24000*1%) $ 240.00
Answer:
E. Offer profit sharing
Explanation:
A reward should be related to the underlying cause. The best way to reward them will be to share some of the profits with them. The company can do that by offering them a cash bonus. The bonus will serve as a motivation for them and other employees as well.
A cash reward strategy will be best as it will be a perfect match with the company's achievements. The employees have made money for the company; it is only fair they get cash a reward. Employees work to earn money, not certificates or work breaks. A monetary reward will be the most ideal as its the consideration employees seek every morning they report for duty.
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