Answer:
The preparation is shown below:
Explanation:
The preparation of the month of June income statement for Crane Company is shown below:
Crane company
Income statement
Revenue
Service revenue $7,900
Total revenues $7,900 (A)
Less: Expenses
Supplies expense $1,155
Maintenance and repairs expense $690
Advertising expense $400
Utilities expense $210
Salaries and wages expense $1,100
Total revenues $3,555 (B)
Net income $4,345 (A- B)
And, the preparation of the retained earning statement is presented below
Crane company
Retained Earning statement
For the month of June
Beginning balance of retained earning $0
Add: Net income $4,345
Less: Cash Dividend paid -$1,738
Ending balance of retained earning $2,607
Answer:
A
Explanation:
Within a sole proprietorship, the single business owner is subject to bankruptcy and even loosing personal belonging to debt if things go wrong. So this form has unlimited liability.
Answer:
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Answer:
option (D) $1,000
Explanation:
Data provided in the question:
Sales when 10 prefabricated garages per week are sold = $10,000 each
Sales when 9 prefabricated garages per week are sold = $11,000 each
Now,
Marginal revenue is given as Change in revenue with 1 unit change in production
Thus,
Marginal revenue = ( $10,000 × 10 ) - ( $11,000 × 9 )
= $100,000 - $99,000
= $1,000
Hence,
The answer is option (D) $1,000
Answer:
1. Personal Selling
2. Need-Satisfaction
3. Handle this objection
4. Customer
5. Sales Plan Implementation
Explanation:
1. Personal Selling: uses personal communication and rapport-building to sell products or services.
2. Need-Satisfaction: by listening to the customer, a salesperson can identify the exact needs of the prospect, then the salesperson can customize their sales pitch to address those needs.
3. Handle this objection: the price objection may form Don Kennedy's decision not to purchase the good or service, so Alison needs to address this objection.
4. Customer: this organization is based on the type of customer the team are selling to, this allows teams to develop a thorough knowledge of the specific market they sell to.
5. Sales Plan Implementation: training and mentoring new salespeople are some of the ways to put a sales plan in place. New employees can gain valuable knowledge through this, reducing the time they need to start achieving sales goals.