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3 years ago

All of the following are good ways to follow up with a new business contact, except

Business

2 answers:

Goshia [24]3 years ago

8 0

d. spending a lot of time at their place of business.

navik [9.2K]3 years ago

4 0

Answer:

The answer is D.

Explanation:

As a Staff or CEO of a business, when a company has a new business contact from another company or place, it is necessary to follow up with the contact so as to know what is the update on the business that they are pursuing.

It is important to know that, spending a lot of time at their place of work or(Contact of the person one is trying to follow up on) is not a good on the long run, they may see the person as been desperate, or does not have the time for other things to engage with, and wont be taken serious again.

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Friendly’s Quick Loans, Inc., offers you $8.25 today but you must repay $10.45 when you get your paycheck in one week (or else).

Ivahew [28]

Answer:

1,386.67%

Explanation:

Loan Amount = $8.25

Repayment Amount = $10.45

Hence,

Interest for a week = Repayment Amount - Loan Amount

= $10.45 - $8.25

= $2.2

Interest percentage for a week:

= $\frac{Interest\ for\ a\ week}{Loan\ Amount}\times100$

= $\frac{2.2}{8.25}\times100$

= 26.66% (approx)

Number of weeks in a year = 52

Therefore,

Effective annual return:

= Interest percentage for a week × Number of weeks in a year

= 26.66% × 52

= 1,386.67%

Hence, effective annual return Friendly’s earns on this lending business is 1,386.67% .

APR you are paying 1,386.67%.

3 0

3 years ago

Newton Inc. uses a calendar year for financial reporting. The company is authorized to issue 9,000,000 shares of $10 par common

Liono4ka [1.6K]

Answer:

See Explanation Below

Explanation:

Formula:

Shares is calculated by multiplying common stock by duration (in years)

Given

Number of common shares issued and outstanding at December 31, 2015 = 2,000,000

Shares issued as a result of a 10% stock dividend on September 30, 2016 = 200,000

Calculating the weighted average number of common stocks:

Jan 1 2016 to Sept 30,2016:

First, note that there are 9 months between these two dates

So, the number of shares is calculated as: Common Shares * Duration (in years)

Number of Shares = 2,000,000 * 9/12

Number of Shares = 1,500,000

Jan 1 2016 to Sept 30,2016 - Adjusted

Given that there is a share issued as a result of 10% Stock dividend

Number of shares is calculated as 1,500,000 + the additional 10%

Number of Shares = 1,5000,000 + 10% * 1,500,000

Number of Shares = 1,500,000 + 150,000

Number of Shares = 1,650,000

Oct 1, 2016 to Dec 31, 2016

There are 3 months between these two dates

Common Shares between these dates = 2,000,000 + 200,000 --; This is gotten from outstanding shares of December 31, 2016 (2,000,000) and shares issued as a result of 10% Stock dividend (200,000)

Duration = 3/12 --- (by converting month to years)

So, Number of Shares = Common Shares * Duration

Number of Shares = 2,200,000 * 3/12

Number of Shares = 550,000

Total = 1,650,000 + 550,000

Total = 2,200,000 Shares

Jan 1, 2017 to Mar 31, 2017

We'll still make use of the formula used in (1) above

Common Stocks * Duration (in years)

Between these dates, there are three months and common stock =2,200,000 --- as calculated in (1) above

So, Number of shares = 2,200,000*3/12 = 550,000

March 1,2017 to Dec31,2017

Given

Number of common shares issued and outstanding at December 31, 2017 = 4,200,000

Here, Common stocks = 4,200,000

Duration = 9/12

Number of Shares = 4,200,000*9/12 = 3,150,000

Total Number of Shares = 550,000 + 3*150,000 = 3,700,000

Given

Weighted number of shares for 2017 = 3,700,000 --- calculated in (3) above

Weighted average number of shares = 2 * Weighted number of shares for 2017

Weighted average number of shares = 2 * 3,700,000

Weighted average number of shares = 7,400,000

Jan 1, 2017 to Mar 31,2017.

Duration between these dates = 3/12 years

Number of common shares issued and outstanding at December 31, 2017 = 4,200,000

Number of Shares = 4200,000*3/12 = 1,050,000

April 1, 2017 to Dec 31, 2017

Duration = 9/12 years

Common Stocks = 4,200,000 * 2

Number of Shares = 4200,000*2*9/12 = 6,300,000

Total = 1,050,000 + 6,300,000 = 7,350,000

8 0

4 years ago

A company is experiencing continual delays in the shipment of its products to its customers. a pareto analysis reveals that ther

pshichka [43]

According to vifredo pareto, these three factors would be referred to as 80/20 rule. 80% of the problems come from 20% of the workers

6 0

3 years ago

Read 2 more answers

The auditor begins selecting controls to test by _______. by understanding the entity and the business and determining the risk

Gemiola [76]

Answer:

by understanding the entity and the business and determining the risk of material fraud or error at the financial statement level.

Explanation:

An auditor refers to an authorized individual who review, examine and verify the authenticity and accuracy of business financial records or transactions.

Internal controls can be defined as the policies, set of rules, and procedures implemented or put in place by an organization to protect its assets, boost efficiency, enhance financial accountability, enforce adherence to company policies and prevent fraudulent behaviors among the employees.

The main purpose of internal controls is to guarantee that loss is eliminated by ensuring that there is an accurate and reliable accounting system.

An internal control involves the timely use of both internal and external sources of auditing or financial reporting and as such enhance the maintenance of accurate and proper financial records which would also improve their operational efficiency.

Hence, internal controls if properly executed helps to increase operational efficiency, protect and safeguard assets, provides accurate financial information, prevents fraudulent or unlawful behaviors, timeliness of financial records and reporting.

In order to start the selection of controls to test, an auditor has to understand the entity and the business, as well as determine the risk of material fraud or error at the financial statement level.

Financial statements can be defined as a document used for the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors. These includes balance sheet, statement of retained earnings and income statement.

A standard unmodified opinion is an opinion where financial statements are presented free of any misinterpretation, in all material respects, in accordance with standards known as Generally Accepted Accounting Principles (GAAP) to provide a high level of assurance.

The standard unmodified opinion comprises of report title, audit report address, introduction paragraph, managements responsibility, auditor's responsibility, opinion paragraph, audit report date and signature and address of certified public accountant firm.

Additionally, an unmodified opinion on financial statements can be defined as an opinion issued by an auditor stating that there are no material misstatements and this simply implies that the, the financial statement represents a true and fair perspective of the accounting information of a business.

6 0

3 years ago

In an economy, the government wants to increase aggregate demand by $50 billion at each price level to increase real GDP and red

Tems11 [23]

Answer:

(B) $20 billion

Explanation:

Given a certain level of MPC, an increase in government spending (G) by a certain amount translates to an increase in aggregate demand (AD) through the relationship below.

$ΔAD = \frac{ΔG}{1 - MPC}$

where Δ means change.

Therefore, given ΔAD of $50 billion, and MPC of 0.6,

$ΔAD = \frac{ΔG}{1 - MPC}$

= $50 = \frac{ΔG}{1 - 0.6}$

= $50 = \frac{ΔG}{0.4}$

= ΔG = 50 * 0.4 = 20

Therefore, increase in government purchases = $20 billion.

3 0

3 years ago