The entire business cycle normally takes ___

What are a firms four major financial needs?

TEA [102]

Here are the four major needs:

7 0

3 years ago

With relationship selling the salesperson would spend most of his or her contact time with the prospect talking about the produc

Vadim26 [7]

True, With relationship selling the salesperson would spend most of his or her contact time with the prospect talking about the product, hoping to close the sale.

<h3>What is the difference between relationship selling and consultative selling?</h3>

The difference between relationship selling vs. consultative selling is that relationship selling consists of building a relationship with a customer over a long time and then relying on that relationship for sales as opposed to short-term gains and creating an interest in the customer in consultative selling

To learn more about relationship selling, refer

brainly.com/question/28120879

#SPJ4

4 0

1 year ago

Braun Company has one service department and two operating (production) departments. Maintenance Department costs are allocated

vekshin1

Answer:

$122,600

Explanation:

Maintenance department cost = $27,000

Assembly department cost = $106,400

Square feet occupied by Milling department = 12,000

Square feet occupied by Assembly department = 18,000

Total square feet occupied by two production departments = Square feet occupied by Milling department + Square feet occupied by Assembly department

= 12,000 + 18,000

= 30,000

Maintenance department cost allocated to Assembly department = Maintenance department cost * (Square feet occupied by Assembly department / Total square feet occupied by two production departments)

= 27,000 * (18,000/30,000)

= 27,000 * 0.6

= 16,200

The total cost of operating the Assembly department for the current period = Assembly department cost + Maintenance department cost allocated to Assembly department

= $106,400 + $16,200

= $122,600

3 0

3 years ago

In "Unfair Competition With the Sun," author Frederic Bastiat requests passage of a law "ordering the shutting up of all windows

Montano1993 [528]

Answer:

c. He was a member of the French Parliament using satire to illustrate the foolishness of the arguments used by the proponents of trade restrictions.

Explanation:

Frédéric Bastiat was an economist, journalist and member of the French parliament in the wing of economic liberalism. Regarding his economic thinking, Bastiat had a strong inclination or liberalism and consumer protection against any kind of corporate authority. For him, the government was responsible for guaranteeing the lives of citizens, individual and commercial freedom and protection of property. Regarding commercial freedom, he presented himself against commercial restrictions, he thought this was a step backwards and satirized those who defended it, as you can see in the question above.

8 0

3 years ago

Sims Company, a manufacturer of tablet computers, began operations on January 1, 2017. Its cost and sales information for this y

Eduardwww [97]

Answer:

1. Prepare an income statement for the year using variable costing.

Sales ( $ 350 × 70,000) $ 24,500,000

Less Cost of Sales $9,100,000

Opening Stock of Finished Goods 0

Add Manufacturing Cost of Finished Goods( $130 ×100,000) $13,000,000

Less Closing Stock of Finished Goods ($130×30,000) ($3,900,000)

Contribution $15,400,000

Less Expenses

Fixed Manufacturing Overheads ($ 7,000,000)

Selling and administrative costs:

Variable ($ 770,000)

Fixed ($4,250,000)

Net Income $3,380,000

2. Prepare an income statement for the year using absorption costing.

Sales ( $ 350 × 70,000) $ 24,500,000

Less Cost of Sales $14,000,000

Opening Stock of Finished Goods 0

Add Manufacturing Cost of Finished Goods( $200 ×100,000) $20,000,000

Less Closing Stock of Finished Goods ($200×30,000) ($6,000,000)

Gross Profit $10,500,000

Less Expenses

Selling and administrative costs:

Variable ($ 770,000)

Fixed ($4,250,000)

Net Income $5,480,000

3. Under what circumstance(s) is reported income identical under both absorption costing and variable costing

When Production is Equal to Sales

Explanation:

The Variable Costing and The Absorption Costing Differ in two aspects. That is the Accumulation of Product Costs and the Accumulation of Period Costs.

Product Costs

Variable Costing = Direct Labor + Direct Materials + Variable Overheads

= $ 60 + $40 + $ 30

= $130

Absorption Costing = Direct Labor + Direct Materials + Variable Overheads + Fixed Manufacturing Overheads

= $ 60 + $40 + $ 30 + $70

= $200

Periodic Cost

Variable Costing = Fixed Manufacturing Overheads + Non- Manufacturing Overheads

Absorption Costing = Non- Manufacturing Overheads

Units of Closing Stock Calculation :

Production - Sales

100,000-70,000

30,000

3 0

3 years ago

The entire business cycle normally takes ____ years