This is true. You can use the acronym FANBOYS to remember <span />
Answer:
Approach
Explanation:
Personal selling in the domain of finance involves the process in which customer are able to convinced about a products to buy them, it is usually utilized by sales person and it involves many steps . It should be noted that Creating a favorable impression and building trust with prospective customers is a critical part of the approach step of personal selling.
Answer:
A. Reject (Alternative 1) $0.00
Accept (Alternative 2) $1.12
Differentials Effect on income (Alternative 2) $1.12
B. Accepted (Alternative 2)
Explanation:
a. Preparation of a differential analysis dated March 16 on whether to reject (Alternative 1) or accept (Alternative 2) the special order.
DIFFERENTIAL ANALYSIS
Reject (Alternative 1) or Accept (Alternative 2)
March 16
Reject Accept Differentials Effect on income
(Alternative 1) (Alternative 2) (Alternative 2)
Revenue per unit $0.00 $7.20 $7.20
Costs:
Variable manufacturing costs per unit
$0.00 -$5.00 -$5.00
Export tariff per unit
$0.00 -$1.08 -$1.08
($7.20*15%=$1.08)
Income (Loss) per unit $0.00 $1.12 $1.12
b. Based on the above differential analysis
the special order should be ACCEPTED (Alternative 2).
Failure by a promissory notes maker to pay the amount due at maturity is known as Dishonoring a note.
A dishonored note is a that promissory note which has not been paid by a debtor in a given reasonable amount of time. It causes the creditor to write off the recorded revenue as a bad debt.
With the help of promissory note, a buyer can make a short-term commitment to pay any supplier for merchandise within the stated time period and also at a certain interest rate.
In order to properly record a dishonored note in the financial journal of the organization one must first decide whether he is expecting to collect payment eventually or not.
A bill is always considered as dishonored either by non-acceptance or by non-payment of the bill.
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