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2 years ago

Experts estimate that the average cost of a single B2B sales call is about _______, according to your text.

Business

1 answer:

vichka [17]2 years ago

8 0

Answer: $400

Explanation:

Business to business, known as B2B are forms of transaction between businesses, which could likely be a wholesaler and retailer or the manufacturer and wholesaler. It's estimated that a B2B sales cost $400

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20. Which of the following is not a difference between monopolies and perfectly competitive markets? a. Monopolies can earn prof

Naily [24]

Answer:

The correct answer is option c.

Explanation:

A perfectly competitive market has a large number of buyers and sellers. The firms are price takers and the price is determined by the market forces. Thus the monopoly firms face a horizontal demand curve. This horizontal line represents price, average revenue, and marginal revenue. The equilibrium is obtained where price, (average revenue and marginal revenue) is equal to marginal cost. There is no restriction on entry and exit of firms in the long run. That's why firms face a break-even in the long run.

While in a monopoly market there is a single firm. This firm fixes price higher than marginal cost. The demand curve of the monopoly is a downward sloping showing relatively elastic demand. A monopoly firm can earn profits in both the short run as well as the long run.

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2 years ago

Innovative Consulting Co. has the following accounts in its ledger: Cash, Accounts Receivable, Supplies, Office Equipment, Accou

horsena [70]

Answer:

Explanation:

The journal entries are shown below:

On Oct 1

Rent expense A/c Dr $ 4,400

To Cash A/c $4,400

(Being payment of rent is made in cash)

On Oct 3

Advertising expense A/c Dr $1,350

To Cash A/c $1,350

(Being payment of adverting expense is made in cash)

On Oct 5

Supplies A/c Dr $ 1,800

To Cash A/c $1,800

(Being payment of supplies is made in cash)

On Oct 6

Office equipment A/c Dr $11,500

To Accounts payable $11,500

(Being purchase of office equipment on account is recorded)

On Oct 6

Cash A/c Dr $8,600

To Accounts receivable $8,600

(Being cash is received from customer is recorded)

On Oct 15

Accounts payable A/c Dr $3,180

To Cash A/c $3,180

(Being payment is made in cash is recorded)

On Oct 27

Miscellaneous expense A/c Dr $700

To Cash A/c $700

(Being expenses is paid in cash is recorded)

On Oct 30

Utilities expenses $550

To Cash A/c $550

(Being telephone expenses is paid in cash is recorded)

On Oct 31

Accounts receivable A/c Dr $37,200

To Fees earned $37,200

(Being feed earned and billed customer is recorded)

On Oct 31

Utilities expenses $830

To Cash A/c $830

(Being electricity expenses is paid in cash is recorded)

On Oct 31

Dividend A/c Dr $2,000

To Cash A/c $2,000

(Being dividend is paid in cash is recorded)

6 0

3 years ago

GenBrands, a foreign maker of washing machine tubs and pumps, sells its parts to several washing machine manufacturers in the Un

Leya [2.2K]

This is called private branding (or private labeling)

For better understanding, we have to understand what the term private branding (or private labeling) means

Private branding (or private labeling) is simply known as when a company produces a particular product and thereafter sells the product to a retailer who later on resells it after registering or branding it under its own name.

An example is when Povlix watch maker make watches for Pinnacle to sell as its Nacles watch.

A brand is often regarded as the name,design etc that set apart an organization or product from other companies (mostly its rivals) in the eyes of the customer.

From the above, we can therefore say that the answer that this is called private branding (or private labeling) is correct

Learn more about private branding (or private labeling) from:

brainly.com/question/17372249

6 0

2 years ago

A coffee distributor needs to mix a(n) Costa Rican coffee blend that normally sells for $9.50 per pound with a Kenya coffee blen

snow_tiger [21]

Answer:

5,11 pounds of Costa Rican coffee and 64,89 pounds of Kenya coffee

Explanation:

First, we need to know the proportion of every coffee in the mix trying with different percentages until getting the result of $13,49

($9,50*25%)+($13,80*75%)=$12,73

($9,50*10%)+($13,80*90%)=$13,37

($9,50*7,5%)+($13,80*92,5%)=$13,48

($9,50*7,3%)+($13,80*92,7%)=$13,49

So, the percentage of Costa Rican coffee is 7,3% and Kenya coffee is 92,7%

And we can get the pounds required to get 70 pounds

70*7,3%=5,11

70*92,7%=64,89

We need 5,11 pounds of Costa Rican coffee and 64,89 pounds of Kenyan coffee to create 70 pounds of mixed coffee that can sell for $13,49 per pound

8 0

3 years ago

Ivanhoe Windows manufactures and sells custom storm windows for three-season porches. Ivanhoe also provides installation service

Anna71 [15]

Answer:

Ivanhoe Windows

a. Journal Entries:

September 1, 2020:

Debit Cash $1,920

Credit Sales Revenue $1,920

To record the sale of windows to Geraths.

Debit Cost of goods sold $1,120

Credit Inventory $1,120

To record the cost of goods sold.

October 15, 2020:

Debit Cash $450

Credit Installation Revenue $450

To record the completion of installation service.

b. Journal Entries:

September 1, 2020:

Debit Cash $1,920

Credit Sales Revenue $1,896

Credit Unearned Revenue $24

To record the sale of windows to Geraths.

Debit Cost of goods sold $1,120

Credit Inventory $1,120

To record the cost of goods sold.

October 15, 2020:

Debit Cash $450

Debit Unearned Revenue $24

Credit Installation Revenue $474

To record the completion of installation service.

c. If Geraths is unable to develop a reliable estimate for the fair value of the installation:

Journal Entries:

September 1, 2020:

Debit Cash $1,920

Credit Sales Revenue $1,920

To record the sale of windows to Geraths.

Debit Cost of goods sold $1,120

Credit Inventory $1,120

To record the cost of goods sold.

October 15, 2020:

Debit Cash $450

Credit Sales Revenue $450

To record the completion of installation.

Explanation:

a) Data and Calculations:

July 1, 2020, Contract Price = $2,370

Standalone selling price of window = $1,920

Cost of the window = $1,120

Standalone selling price of installation service = $590

Attributed selling price of installation service = $450 ($590 = $140)

b) Estimated standalone value of the installation = estimated cost + 20% on cost

= $400 + 20% = $480 ($400 * 1.2)

Separate performance values:

Sale of window = $1,920 = $1,896 ($1,920/$2,400 * $2,370)

Installation = 480 = 474 ($480/$2,400 * $2,370)

Total = $2,400 = $2,370

c. If Ivanhoe Windows is unable to develop a reliable estimate for the fair value of the installation, both payments received will be attributed to the Sales Revenue without identifying separate performance values.

6 0

2 years ago