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Reika [66]
3 years ago
10

"A Pre-Approach will occur twice in the selling cycle: once when you are doing the initial research to determine if this prospec

t is one of your "Top 20" prospects and again before a sales call when you review notes from a prior sales call and establish a sales objective for this call"
a. True
b. Flase
Business
1 answer:
Likurg_2 [28]3 years ago
5 0

Answer:

The correct answer is b. False

Explanation:

The selling cycle is a 7 steps approach:

  • prospecting,
  • pre-approach,
  • approach,
  • presentation,
  • meeting objections,
  • closing the sale,
  • and follow-up.

The pre-approach only occurs once in the cycle.

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Dunphy Company issued $20,000 of 8.5%, 10-year bonds at par value on January 1. Interest is paid semiannually each June 30 and D
Rashid [163]

Answer:

(a)

January 1  Cash                      20000 Dr

                      Bonds Payable      20000 Cr

(b)

June 30    Interest expense    850 Dr

                          Cash                       850 Dr

Explanation:

a.

The bonds are issued at par value thus full cash equal to the par value of these bonds will be received on the issuance date.

b.

The ineterst is paid at 8.5% annually. The annual interest oayment equals 20000 * 0.085 = 1700

As this is paid semiannually in equal installments, the semi annual payment for interest on June 30 will be 1700 / 2 = $850

4 0
3 years ago
What will happen to trade if business is flourishing?​
PolarNik [594]

Answer:

if the business is florishing, as an example Medical sectors during pandemic they are going to grow till they are in a high demand

8 0
3 years ago
Which statement is correct?
qaws [65]

Answer:

a. Accumulated Depreciation is used to reveal the value of the related asset on the date of the balance sheet.

Explanation:

"Accumulated depreciation is the total amount an asset has been depreciated up until a single point. Each period, the depreciation expense recorded in that period is added to the beginning accumulated depreciation balance. An asset's carrying value on the balance sheet is the difference between its historical cost and accumulated depreciation. At the end of an asset's useful life, its carrying value on the balance sheet will match its salvage value."

Reference: Tuovila, Alicia. “Accumulated Depreciation Definition.” Investopedia, Investopedia, 18 Oct. 2019

6 0
2 years ago
Riverbed Company has an old factory machine that cost $54,000. The machine has accumulated depreciation of $30,240. Riverbed has
igomit [66]

Answer:

a.

The entry Riverbed would make:

Debit Cash $27,240

Debit Accumulated depreciation account $30,240

Credit Gain on asset disposal  $3,480

Credit Machine asset $54,000

b.

The entry:

Debit Cash $17,240

Debit Accumulated depreciation account $30,240

Debit Loss on asset disposal   $6,520

Credit Machine asset $54,000

Explanation:

Companies frequently sell plant assets to dispose them. To recognize gain or loss on disposal:

First, the company calculates the carrying amount of the asset by using the original cost of the asset, minus all accumulated depreciation and any accumulated impairment charges.

Then, subtract this carrying amount from the sale price of the asset. If the remainder is positive, it is a gain and if the remainder is negative, it is a loss

In Riverbed Company, the carrying amount of the machine = $54,000 - $30,240 = $23,760

a. Sale price - Carrying amount of the asset = $27,240 - $23,760 = $3,480

=> The company recognizes gain on disposal $3,480

The entry should be made:

Debit Cash $27,240

Debit Accumulated depreciation account $30,240

Credit Gain on asset disposal  $3,480

Credit Machine asset $54,000

b. Sale price - Carrying amount of the asset = $17,240 - $23,760 = -$6,520

=> The company recognizes loss on disposal $6,520

The entry:

Debit Cash $17,240

Debit Accumulated depreciation account $30,240

Debit Loss on asset disposal   $6,520

Credit Machine asset $54,000

3 0
3 years ago
Where is unemployment such that employment is below the full-employment level plotted on a production possibilities frontier?'?
Ksivusya [100]
Such employment would fall outside the  production possibilities curve as the values plotted on that curve would be the minimum unemployment levels. The usual figure to use is % unemployment so  most likely the differing levels shown would be for unemployment ie 10% above the curve and say 5 % on the curve.


3 0
3 years ago
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