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Tasya [4]
3 years ago
11

When Pat was talking with his customer about the new accounting system, his customer mentioned that she thought the new system w

as not going to fit into their budget. Pat explained that once her people were trained on it, it would require less time to process orders, and therefore save her money in payroll. Which part of the sales presentation is demonstrated in this example
Business
1 answer:
amid [387]3 years ago
8 0

Answer:

overcoming reservations

Explanation:

From the question we are informed about Pat who was talking with his customer about the new accounting system, his customer mentioned that she thought the new system was not going to fit into their budget. Pat explained that once her people were trained on it, it would require less time to process orders, and therefore save her money in payroll. The part of the sales presentation demonstrated in this case is an example of overcoming reservations.

Sales presentation can be regarded as sales pitch and it's a selling technique which can be explained as line of talk which is an attempts of persuading someone or something, using a planned sales presentation strategy of particular product/service which is been designed to initiate as well as close a sale of that particular product or service, example of this is overcoming reservations which is a method of persuading customers.

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In 2020, Monty Corporation had net cash provided by operating activities of $486,000, net cash used by investing activities of $
Marina CMI [18]

Answer:

Monty Corporation

Computation of Cash at December 31, 2020:

$485,000.

Explanation:

a) Data and Calculations:

Net cash provided by operating activities = $486,000

Net cash used by investing activities =         (976,000)

Net cash provided by financing activities = $627,000

Net cash inflow =                                           $ 137,000

January 1, 2020 Cash balance                       348,000

December 31, 2020 Cash balance              $485,000

b) The above implies that Monty made more (cash inflow) cash of $137,000 between January 1, 2020 and December 31, 2020.  This is added to the January 1, 2020 cash balance to arrive at the December 31, 2020 cash balance.

6 0
3 years ago
If a company mistakenly counts more items during a physical inventory than actually exist, how will the error affect its bottom
german

If a company mistakenly counts more items during a physical inventory than actually exist, how will the error affect its bottom line <u>d.Net income will be overstated.</u>

<u />

Explanation:

The Formula for net income is total expense subtracted by total revenues.<u>The total expense can be further sub categorized into cost of goods sold, operating expenses, interest, and taxes.</u>

<u />

To calculate the net  income, the cost of goods sold is subtracted from the revenue. In case the  cost of goods sold is very  low compared to what it actually should be , it makes the net income appear larger than it actually is. it results in an increases in the tax liability for the company.

hence we can say that ,If a company mistakenly counts more items during a physical inventory than actually exist, how will the error affect its bottom line <u>d.Net income will be overstated.</u>

<u />

5 0
4 years ago
A customer, age 60, has a fixed annuity contract with a value of $16,000. The cost basis in the contract is $10,000. If the cust
g100num [7]

Answer:

$5,000 taxable

Explanation:

In this scenario, the tax consequence of withdrawal will be $5,000 taxable. This is because annuity contract contributions are not tax-deductible, meaning that the original contribution of $10,000 has already been taxed. Therefore in this situation all $5,000 will be taxable, luckily since the individual is over the age of 59 1/2 then the distribution is not subjected to a 10% penalty tax for premature distribution.

6 0
3 years ago
Which ics function is responsible for documentation for mutual aid agreements?
Softa [21]

Planning

The Incident Command System is a management construct which functions to help resource management during incidents. It involves Mutual-Aid Agreement which is the document between agencies in writing.

The Incident Command System- Planning Section is tasked to collect, evaluate, disseminate information and prepares and documents Incident Action Plans. Documentation is one of the main responsibilities of the Planning Section.

6 0
3 years ago
Read 2 more answers
Which organization requires a 90 day supply of oil (links to an external site.)links to an external site. (known as the strategi
lora16 [44]
<span>The organization that requires a 90-day supply of oil is the International Energy Agency (IEA). Each country in the organization must stock an amount of petroleum equivalent to this amount because of the organization's obligations.</span>
8 0
4 years ago
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