I guess the correct answer is be inward looking, focusing on selling what the firm makes.
Nessca Corp. manufactures electronic gadgets. It instructs its marketing team to competitively advertise and promote its gadgets. The company, instead of believing in market research, believes that the market will absorb more products if customers are made aware of the products. The workforce of Nessca Corp. is most likely to be inward looking, focusing on selling what the firm makes.
Answer:
A. Customers make a buying decision, rather than the salesperson closing the sale
Explanation:
When practicing closing techniques, sales person is advised to not 'forcing' or 'push' the customers to buy their products.
They're advice to make their products seems valuable. sales person need to analyze the things that the customers might need/like and somehow fit their products in order to cater to that need/like.
This is why the goal of closing techniques is focused on influencing Customers make a buying decision that beneficial for them.
Answer and Explanation:
a. The solution of return on assets under each cost flow is described below:-
Return on assets under FIFO = Net income ÷ Average total assets
= $244,087 ÷ $1,550,550
= 15.7%
Return on assets under LIFO = Net income ÷ Average total assets
= ($244,087 - $44,110) ÷ ($1,550,550 - $40,630)
= $199,977 ÷ $1,509,920
= 13.2%
b. The computation of return on assets under each cost flow is shown below:-
Return on assets under FIFO = Net income ÷ Average total assets
= $288,567 ÷ $1,880,970
= 15.3%
Return on assets under LIFO = Net income ÷ Average total assets
= ($288,567 + $22,660) ÷ ($1,880,970 - $45,690)
= $311,227 ÷ $1,835,280
= 17%
Answer:
COGS= $543,000
Explanation:
Giving the following information:
Cost of goods manufactured for the period 548,000
Finished Goods Inventory, January 1 44,000
Finished Goods Inventory, December 31 49,000
<u>To calculate the cost of goods sold (COGS), we need to use the following formula:</u>
COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory
COGS= 44,000 + 548,000 - 49,000
COGS= $543,000
