Answer: They do not have a need for the products or services her company is offering.
Explanation:
From the question, we are informed that Megan is a salesperson for a company that manufactures chemicals and that while reviewing her new leads, she learned that two of them just signed contracts with one of her company's major competitors.
Megan will not consider these two leads as sales prospects because they do not have a need for the products or services her company is offering. This is because they signed a contract with their competitors.
Answer:
D. All of these
Explanation:
Customers are always interested in putting/matching a face to an online business. In other words, it will be difficult to transact business with an ebusiness if the business owner is unknown, unavailable and not accessible. Also, customers tend to doubt ebusinesses with no track record easily determined by the verifiable testimonials of the previous customers.
A business owner who does not respond to customer enquiry online can be said to be available but inaccessible. Both availability and accessibility, as well as customer testimonials, are key to building trust in an ebusiness.
Answer:
1)
Beginning inventory = 0
Plus: purchases = 6950
Less: withdraws= 6400
= ending inventory = 550
550-100 batteries used by staff= 450 batteries used in production
= 450 × $125 = $56250
Since 90% is completed, it means 10% is in WIP, i.e.,
WIP = 10% × 56250
= 5625
completed = 90% ×56250 = 50625
Since 30% of completed were unsold, it means remaining 70% were sold, which is COGS, i.e.,
COGS = 70% × 50625
= 35437
Note: selling expense cannot be deteremined from the given information.
2) WIP and Finished Goods accounts would appear on the balance sheet while COGS and selling expense would appear in income statement at April 30.
Answer: False
Explanation: CIO is the senior most technical professional in a company whose objective is to help the organisation in achieving its goals by using his or her knowledge regarding the technology in use.
A CIO who do not have complete understanding of the business in which he works will not be able to implement the technology properly.
Thus, we can conclude that the given statement is false.
Answer:
B. 66.67%
Explanation:
Contribution is the difference between the company's total revenue and the total variable cost. The ratio of the contribution to sales or revenue gives the contribution margin ratio.
The contribution may also be derived from the addition of the fixed cost and the operating income.
Contribution margin
= $115,000 + $54,000
= $169,000
Let the number of units to be sold to achieve targeted income be U
6U - 2U - 115,000 = 54,000
4U = 169,000
U = 42,250
Contribution margin ratio = 169000/(6 * 42,250)
= 66.67%