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Arturiano [62]
3 years ago
9

Conduct a meeting with the client about negotiating. please write a conversation or scenario?

Business
1 answer:
Novosadov [1.4K]3 years ago
8 0

The correct answer to this open question is the following.

Conduct a meeting with the client about negotiating.

I choose to write about the scenario.

In this meeting with my client, I am going to provide him with important tools to improve his negotiation skills so he can get better deals for his company.

I would create the scenario in which I will be the other part he is about to negotiate with. For this to happen, I am going to explain some basic principles about negotiation and put a series of examples so he can grasp the most important ideas.

Secondly, I am going to share a handbook, or better said, a manual with important key principles of negotiation that could serve him as a guide so he can feel more confident during the negotiation process.

Finally, we are going to have at least thirty minutes to practice a real-life negotiation scenario. It is going to be something basic but real so my client can face some adversity since the beginning of the negotiation process so he can have a good idea of the importance of being fully prepared before entering the negotiating table.

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The Nite Lite Factory produces two products - small lamps and desk lamps. It has two separate departments - finishing and produc
lesya692 [45]

Answer:

$11.1

Explanation:

We can calculate the factory overhead allocated to a unit using multiple department factory overhead rate methods with an allocation base of direct labor hours. In this method, we will divide the te total overhead cost in direct labor hours consumed in that department.

Solution

Direct Labor  Overhead  rate for Finishing = $550,000/500,000

Direct Labor  Overhead  rate for Finishing = $1.10  per hour

Direct Labor  Overhead rate for Production = $400,000/80,000

Direct Labor  Overhead rate for Production = $5

Overhead for DeskLamps = (Direct labor hours in Finishing x Direct Labor  Overhead  rate for Finishing + Direct Labor hours in Production x Direct Labor  Overhead rate for Production)

Overhead for DeskLamps= (1x$1.10 + 2x$5)

Overhead for DeskLamps= $11.1

3 0
3 years ago
Marketers have no flexibility in setting prices under conditions of
Mariana [72]
<span>c. no competition.is the answer</span>
8 0
3 years ago
Salad Express exchanged land it had been holding for future plant expansion for a more suitable parcel of land along distributio
r-ruslan [8.4K]

Answer:

1.  $173,500

2. $ 71,000

Explanation:

Requirement 1: Solution

We can calculate the fair value of new parcel of land just by adding the current market price with additional cash paid to complete the transaction

Fair Value = Current market price + cash paid additionally

Fair Value = $150,000+$23,500

Fair value = $173,500

Requirement 2: Solution

We need to calculate Gain/loss on exchange first in order to record them on books. This can be done by just subtracting the land's book value from the current market price of land

Gain/loss on exchange = Current market price - book value

Gain/loss on exchange = $150,000 - $79,000

Gain/loss on exchange = $71,000

Entries:               Debit                          Credit  

New land           $173,500

Old land                                                 $79000

Cash                                                       $23,500

Gain                                                        $71,000

5 0
3 years ago
Elm Corporation is a merchandising company. The year began with inventory of $32,000, Purchases for the year were $57,000, and t
Alborosie

Answer:

The cost of goods sold that would be reported on the incoem statement is $70000

Explanation:

The cost of goods sold is the value or cost of the inventory that a business sells to its customers. The cost of goods sold for the year can be calculated using the following formula.

Cost of Goods Sold (COGS) = Opening Inventory + Purchases for the year - Closing Inventory

Thus, Elm Corporation has a cost of goods sold to report on this year's income statement of:

COGS = 32000 + 57000 - 19000 = $70000

4 0
2 years ago
All of the following are true regarding implied agreements EXCEPT which one?
Brrunno [24]

Answer:

An implied agreement is based on a formal agreement.

Explanation:

A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.

There are different types of contract in business and these includes: fixed-price contract, cost-plus contract, bilateral contract, implied contract, unilateral contract, adhesion contract, unconscionable contract, option contract, express contract, executory contract, etc.

Mutual assent is a legal term which represents an agreement by both parties to a contract. When two parties to a contract both have an understanding of the parameters, terms and conditions surrounding a contract, it ultimately implies that they are in agreement; this is generally referred to as mutual assent.

Simply stated, mutual assent connotes agreement, acceptance and consent to a contract by both parties.

An implied contract can be defined as an informal contract that exists based on an assumption or understanding between two or more parties, rather than on terms that are formally and specifically defined.

This ultimately implies that, an implied agreement is not based on a formal agreement but on assumptions or understanding between the parties involved.

4 0
2 years ago
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