How can being a team player contribute to the salesperson’s success? To the success of the salesperson’s business?

et sales $ 1,825,000 Expenses: Cost of goods sold $ 1,060,000 Operating expenses 570,000 Depreciation expense 51,000 Income tax

Ugo [173]

Answer:

PEACH COMPUTER

Statement of Cash Flows for the year ended December 31, 2021

(Operating Activities only)

Net income $ 103,000

Depreciation expense 51,000

Changes in working capital:

Accounts receivable 4,400

Inventory -20,500

Prepaid rent 2,100

Accounts payable 8,500

Income tax payable -5,400

Net cash flows from

operating activities $143,100

Explanation:

a) Data and Calculations:

Sales revenue $1,825,000

Expenses: Cost of goods sold $ 1,060,000

Operating expenses 570,000

Depreciation expense 51,000

Income tax expense 41,000

Total expenses 1,722,000

Net income $ 103,000

PEACH COMPUTER

Selected Balance Sheet Data

December 31 2021 2020

2021 2020 Increase (I) or Decrease (D)

Cash $ 103,000 $ 85,500 $ 17,500 (I)

Accounts receivable 45,100 49,500 4,400 (D)

Inventory 76,000 55,500 20,500 (I)

Prepaid rent 3,100 5,200 2,100 (D)

Accounts payable 46,000 37,500 8,500 (I)

Income tax payable 5,100 10,500 5,400 (D)

3 0

3 years ago

10. Your grandmother offered you a choice of gifts: you could receive either $10,000 today, or $2,000 per year at the end of eac

Llana [10]

Answer:

Receiving $2,000 every year for 6 years is worth more today.

Explanation:

$2,000 received per year is annuity as same amount is received every year.

Given:

Amount received every year = $2,000

Time period = 6 years

Rate = 5%

Check PVIFA (Present value of annuity factor) table for 5% and 6 years, we get 5.0757

Present value of annuity = 2,000 × 5.0757

= $10,151.4

Receiving $2,000 every year for 6 years is worth more today than receiving $10,000 today as present value of annuity is worth $10,151.4 today which is more than $10,000.

So, $2,000 every year is worth more today.

6 0

3 years ago

Choco Chocolata is a cookie company in Juarez, Mexico that produces and sells American-style chocolate chip cookies with extreme

lyudmila [28]

Answer:

(1) The total amount of product costs is $79,430.

(2) The total amount of period costs is $37,300.

Explanation:

Note: There are two requirements in this question as follows:

(1) What is the total amount of product costs?

(2) What is the total amount of period costs?

These two are answered as follows:

(1) What is the total amount of product costs?

Product cost can be described as the expenses that are incurred in order to produce a product. These types of expenses are charged to cost of goods sold and include direct materials, direct labor, factory overhead, and consumable production supplies.

Therefore, the total amount of product costs of Choco Chocolata can be calculated as follows:

Choco Chocolata

Computation of Total Product Costs

Details Amount ($)

Utilities for the bakery 2,100

Paper used in packaging product 180

Salaries and wages in the bakery 23,500

Cookie ingredients 43,500

Bakery labor fringe benefits 1,300

Bakery equipment maintenance 800

Depreciation of bakery plant and equipment 2,200

Uniforms for bakers 750

Insurance for the bakery 900

Boxes, bags, and cups used in the bakery 1,100

Overtime premiums 2,600

Idle Time 500

Total 79,430

Therefore, the total amount of product costs is $79,430.

(2) What is the total amount of period costs?

Period costs are costs that are related to passage of time but cannot not be charged to the cost of goods sold.

Therefore, the total amount of period costs of Choco Chocolata can be calculated as follows:

Choco Chocolata

Computation of Total Period Costs

Details Amount ($)

Administrative costs 2,300

Rent for administration offices 18,500

Advertising 3,500

Office Manager's salary 13,000

Total  37,300 

Therefore, the total amount of period costs is $37,300.

8 0

3 years ago

Rug Designs Inc, a manufacturer of large area rugs, markets its products throughout the United States using a network of regiona

lidiya [134]

Answer:

The correct answer is territorial.

Explanation:

The territorial sales force occurs in large companies that through the implementation of regional sales office seek to optimize customer visit time processes, reduce travel expenses and increase revenue.

The greatest benefits of this territorial strategy is to reach new customers through personalized targeting that will meet the demand and characteristics of customers in a given geographic region. In addition to optimizing logistics processes, productivity and cost reduction.

7 0

3 years ago

HELPPSPSPPSPSOSPPSSPOSJHDJWK

zvonat [6]

Answer: B

Explanation:

8 0

3 years ago