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3 years ago

Direct selling is a retail channel where salespeople interact with customers face-to-face. Group of answer choices True False

Business

1 answer:

Gelneren [198K]3 years ago

8 0

Answer:

True

Explanation:

Direct selling involves face-to- face selling of products and services. It is usually done outside of the traditional retail setting.

For example a salesperson buys goods from a wholesaler and then contacts the customer directly to sell.

Another kind of direct selling is multilevel marketing, where sales are made through a network of face-to-face sales.

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At the beginning of the current season on April 1, the ledger of Kokott Pro Shop showed Cash $3,800; Inventory $4,300; and Commo

KIM [24]

Answer:

Explanation:

1. Journal entries for the month of April 2017

Apr.5

Dr Inventory 1300

Cr Accounts Payable 1300

(Purchase of goods on account from Hogan)

Apr.5

Dr Inventory 50

Cr Cash 50

(Freight charges on purchases)

Apr.9

Dr Accounts Payable 100

Cr Inventory 100

(Credit received for returned goods from Hogan)

Apr.10

Dr Accounts Receivable 880

Cr Sales 880

(Sales of goods on account)

Apr.12

Dr Inventory 750

Cr Accounts Payable 750

(Purchase of goods on account from Duffer)

Apr.14

Dr Accounts Payable 1200

Cr Cash 1176

Cr Inventory 24

(Payment made to Hogan in full)

Apr.17

Dr Accounts Payable 50

Cr Inventory 50

(Credit received for returned goods from Duffer)

Apr.20

Dr Accounts Receivable 880

Cr Sales 880

(Sales of goods on account)

Apr.21

Dr Accounts Payable 700

Cr Cash 693

Cr Inventory 7

(Payment made to Duffer in full)

Apr.27

Dr Sales 30

Cr Accounts Receivable 30

(Credit granted to customers for flaws in goods)

Apr.30

Dr Cash 850

Cr Accounts Receivable 850

(Payment received from custmers on account)

2. T accounts calculation is attached with this answer

3. KOKOTT PRO SHOP

Trial balance as at April 30, 2017

Account Debit Credit

Cash 2731

Accounts Receivable 6219

Inventory 880

Common Stock 8100

Sales 1730

T o t a l 9830 9830

4. KOKOTT PRO SHOP

Income statement for the month ending April 30, 2017

Sales Revenue 1730

Cost of goods sold (6,219 - 5,469) 750

Gross profit 980

Download xlsx

3 0

2 years ago

Indentify possible transactions

Nikitich [7]

Answer:

Hope i helped:)

Explanation:

1) All places 0

2)2 of the same numbers canceling each other for example (-400, +400) (except column 2 because it has 7 free boxes witch means 1 of the boxes have to equal to 0)

7 0

2 years ago

MG Lighting had sales of 500 units at $100 per unit last year. The marketing manager projects a 15 percent decrease in unit volu

kakasveta [241]

Answer:

The answer is: Projected net sales for this year are $45,254

Explanation:

The current total sales for MG Lighting are $50,000 (= 500 units x $100 per unit).

Next year their products will have a $10 increase (10%), so the unit price will be $110.

Due to the price increase, the number of units sold will decrease by 15%, to a total of 425 units.

MG Lighting total sales will be $46,750. Approximately 3.2% of the total sales will be returned (equivalent to $1,496).

MG Lighting net sales for this year should be $45,254 (= 46,750 - $1,496)

6 0

3 years ago

When producers would have been willing to accept lower prices at various quantities produced than the market clearing price, the

krek1111 [17]

<span>When producers would have been willing to accept lower prices at various quantities produced than the market clearing price, the differences are called?</span><span>
PRODUCER SURPLUSE</span>

8 0

3 years ago

When the stockholders receive a dividend, how would this affect the equity of a business?.

morpeh [17]

Assets and total equity will both be decreased is When the stockholders receive a dividend, how would this affect the equity of a business.

<h3>Who are the stockholder?</h3>

Stockholders are the people who have purchased the stocks and have invested in the particular firm, they are the people. The stockholders hold some of the share of any company, which they can sell or purchase anytime.

Thus, Assets and total equity will both be decreased is When the stockholders

For more details about Stockholders, click here:

brainly.com/question/13142622

#SPJ1

7 0

2 years ago