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Strike441 [17]
3 years ago
11

Hollie works as a salesperson for Lands' End. Her duties consist of taking customer orders over the telephone and ensuring that

the information is properly entered so that customers will receive the products they need. Hollie is a(n) _____.
Business
1 answer:
Oduvanchick [21]3 years ago
7 0

Answer: Inside order taker

Explanation:

The Inside order taker is one of the type of salesperson in an organization and the main responsibility of the inside order taker is to collecting the orders of the various types of products and then make a entries about the sales order at the counter.  

 According to the given question, Hollie is works as the salesperson for the Land's end and her duty is to taking the various types of orders from the consumer over the mobile or telephone system and ensure that the information is properly given by the consumer.

 The inside order taker then making a proper entries of the orders and it also helps in increase the customer frequency for the new orders in an organization.  

 Therefore, Inside order taker.

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Nashville Harmonies Inc. and Taylor enter into a contract for Taylor to write six songs for which Nashville agrees to pay her. T
anyanavicka [17]

Answer:

In the transfer of rights, Taylor is an assignor

<u>Explanation:</u>

An assignor is an individual, organization, or other substance that moves rights that they hold to another element. The assignor transfers to the trustee. For instance, a group the assignor that goes into an agreement to sell a bit of property can dole out the returns or advantages of the agreement to an outsider (the chosen one, for example, philanthropy or a trust.

The task of rights regularly happens upon death to deal with the perished home, or through an intensity of lawyer to manage lawful or budgetary undertakings of a person.

5 0
4 years ago
Ticketsales, Inc., receives $7,720,000 cash in advance ticket sales for a four-date tour of Bon Jovi. Record the advance ticket
kvasek [131]

Answer:

When revenue has been received but the service has not been rendered, the revenue will not be recognized and will instead be treated as a liability called unearned revenue.

Date                   Account Title                                          Debit               Credit

Oct. 31                Cash                                                   $7,720,000

                           Unearned Ticket revenue                                      $7,720,000

Date                    Account Title                                         Debit               Credit

Nov. 5                  Unearned Ticket Revenue             $1,930,000

                          Ticket Revenue                                                   $1,930,000

<u>Working </u>

Ticket revenue = 1/4 * 7,720,000

= $1,930,000

5 0
3 years ago
Perpetuities are also called annuities with an extended, or unlimited, life. Based on your understanding of perpetuities, answer
Oduvanchick [21]

Answer:

d. A perpetuity is a stream of regularly timed, equal cash flows that continues forever.

Explanation:

A perpetuity refers to a future stream of cash flows, paying a constant amount regularly till forever. Such stream is never ending.

The present value of a perpetuity is computed by dividing the constant amount receivable till forever, by required rate of return/cost of capital.

Present value of a growing perpetuity is given by

= \frac{Cash\ Flow(1\ +\ g)}{r\ -\ g}

wherein cash flows represent cash flows receivable growing at g% rate till forever

r = required rate of return or cost of capital

g= growth rate of cash flows

Where the cash flows are of constant amount i.e non growing nature, the present value of such a perpetuity is given by,

= \frac{Cash\ Flows}{Required\ rate\ of\ return}

3 0
3 years ago
Kara Fashions uses straight-line depreciation for financial statement reporting and MACRS for income tax reporting. Three years
horrorfan [7]

Answer:

A. Credit $5,000

B. Dr Income tax expense $1,005,000

Cr Income tax pay$1,000,000

Cr Deferred tax liability $5,000

Explanation:

Calculation for What is the deferred tax liability to be reported in the balance sheet

Deferred tax liability=[ (400,000-300,000)*.25]-20,000

Deferred tax liability=($100,000*.25)-$20,000

Deferred tax liability=$25,000-$20,000

Deferred tax liability=$5,000 Credit

Therefore the deferred tax liability to be reported in the balance sheet will be $5,000 Credit

B. Preparation of the appropriate journal entry to record income taxes this year.

Dr Income tax expense $1,005,000

Cr Income tax pay$1,000,000

(4million *.25)

Cr Deferred tax liability $5,000

5 0
3 years ago
On January 1, 2015, Anna invested $5,000 at 5 percent interest for one year. The CPI on January 1, 2015 stood at 2.37. On Januar
Inga [223]

Answer:

The correct answer is c) 3.7 .

Explanation:

The first thing we should do is calculate inflation: (2.40 - 2.37) / 2.37 = 1.3

Inflation Rate = 1.3

2.) Calculate the real interest rate

Real interest rate = nominal interest rate - inflation rate

5 - 1.3 = 3.7

3.7 is the real interest rate

5 0
3 years ago
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