Answer:
The answer is low ball procedure
Explanation:
A dealer persuades a customer to buy a new car by reducing the price to well below that of his competitors. once the customer has agreed to buy the car, the terms of the sale are shifted, by lowering the value of the trade-in and requiring the purchase of expensive extra equipment. now the car costs well above the current market rate. this is an example of the <u>Low ball</u> procedure.
The low-ball is an influence and selling method where a product or service is offered at a lower cost than is really expected to be charged, after which the cost is raised to expand benefits. Moreover, it is utilized in deals situations to induce clients to buy items, and in different circumstances as a consistence picking up methodology.
Explanation:
The journal entry is shown below:
Salary expense Dr $72
To Salary payable $72
(Being the salary expense is recorded)
The computation is shown below:
= Weekly payroll ÷ Number of days in a week
= $360 ÷ 5 days
= $72
While recording this adjusted journal entry we debited the salary expense and credited the salary payable
Answer:
You must donate $50,000.
Explanation:
Giving the following information:
You want to endow a scholarship that will pay $5,000 per year forever.
The school's endowment discount rate is 10 %
We need to find the present value of a perpetual annuity. We will use the following formula:
PV= Cf/ i
Cf= cash flow= 5,000
PV= 5,000/0.10= $50,000
You must donate $50,000.
Solution :
The optimal order quantity, EOQ =
EOQ =
= 115.47
The expected number of orders =
= 17.32
The daily demand = demand / number of working days
= 8.33
The time between the orders = EOQ / daily demand
= 13.86 days
ROP = ( Daily demand x lead time ) + safety stock
= 76.64
The annual holding cost =
= 207.85
The annual ordering cost =
= 207.85
So the total inventory cost = annual holding cost + annual ordering cost
= 207.85 + 207.85
= 415.7
Answer:
Family Style Seating.
Classroom Style Seating.
U-shape / Horse Shoe Style Seating.
Explanation: