Answer: $23,888
Explanation:
The cost today for a freshman at a public university is $19,500.
Inflation is at 7% a year and the period is 3 years from now. It is best to use a future value formula:
= Fees * ( 1 + rate) ^ number of years
= 19,500 * ( 1 + 7%)³
= 19,500 * 1.225043
= $23,888
Answer:
Please see the attached snapshots for the answers.
Explanation:
a.
Debit: Cash $30,000
Credit: Service Revenue $30,000
To record Service Revenue.
b.
Debit: Supplies $20,000
Credit: Accounts Payable $20,000
To record purchase of supplies on account.
c.
Debit: Salaries Expense $7,000
Credit: Cash $7,000
To record salaries Expense.
Answer:
Presentation
Explanation:
There are six steps in making a successful sale. The first step is prospecting and Qualifying and the last one is following up on the sale.
Personal selling is the sale in which the seller makes a face to face presentation to the customer. Sales jobs range from the salespeople at the clothing stores to the engineers with MBA's who design complex systems for the manufacturers. The importance of personal selling is that it provides a detailed explanation of the product and the sales message can be varied as per the interests of the prospective customer. The size of the personal sales force can be varied as per the needs. In the above question, the salesperson responds to new requests of the customer, which is an important part of personal selling.
