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3 years ago

Computing net income LO A1

1 answer:

5 0

Ummmm ... ok will not have any money and I can get a new phone I can do that and then you make me wanna play and I will go back on Monday if it’s a little bit of the above I

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Anastaziya [24]

Answer:

The amount of cash required for payment within the discount period is $14454.

Explanation:

The account payables were due for 16800 after the purchase. When thegoods are returned, the accounts receivables fall by 2200 and the new balance becomes 16800 - 2200 = $14600.

The discount term states that if payment is made within the next 10 days of purchase, a 1% discount can be availed (1/10).

If the payment is made in discount period then discount received will be,

Discount received = 14600 *1% = $146

The cash required for payment will be 14600 - 146 = $14454

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4 years ago

39. When trying to sell a product or service to a customer, when the customer initially says "no", this

alisha [4.7K]

Answer:

A sales objection

Explanation:

A sales objection is any communication from a customer expressing unwillingness to make a purchase at that moment. It is when a customer turns down a sales proposal. A sale objection indicates that the customer is not ready to buy.

Sales objections are common in the selling process. They can be frustrating to salespeople. However, they are several techniques that companies and salespeople employ to overcome the disappointment caused by objections.

5 0

3 years ago

You are the operations manager for an airline and you are considering a higher fare level for passengers in aisle seats. how man

hram777 [196]

Recall that margin of error is given by:

$M=z_{\alpha/2}\sqrt{ \frac{p(1-p)}{n}} \\ \\ \Rightarrow\frac{M^2}{\left(z_{\alpha/2}\right)^2}= \frac{p(1-p)}{n} \\ \\ \Rightarrow n= \frac{\left(z_{\alpha/2}\right)^2p(1-p)}{M^2}$

Given that you want to be 95% confident that the sample percentage is within 2.5 percentage points of the true population percentage.

This means that $z_{\alpha/2}=1.96$ and M = 2.5% = 0.025.

Part A:

When nothing is known about the percentage of persengers who prefer aisle seat, we make use of p = 50% = 0.5.

Thus,

$n=\frac{1.96^2\times0.5\times0.5}{(0.025)^2}= \frac{0.9604}{0.000625} =1,537$

Therefore, 1,537 randomly selected air passengers must be surveyed to be 95% confident that the sample percentage is within 2.5 percentage points of the true population percentage.

Part B:

Given that recent surveys surgest that about 38% of all air passengers prefer an aisle seat, thus p = 38% = 0.38

Thus,

$n=\frac{1.96^2\times0.38\times0.62}{(0.025)^2}= \frac{0.9051}{0.000625} =1,449$

Therefore, 1,449 randomly selected air passengers must be surveyed to be 95% confident that the sample percentage is within 2.5 percentage points of the true population percentage.

6 0

4 years ago

Vince offers to buy a book owned by Sun-Hi for twice what Sun-Hi paid for it. She accepts and hands the book to Vince. Sun-Hi's

Llana [10]

Answer:

Vince and Sun-Hi's Book

With Sun-Hi's delivery of the book, the offer by Vince is accepted by Sun-Hi.

Acceptance of an offer is necessary to make a contract.

Explanation:

An offer by Vince is not a contract, but its acceptance by Sun-Hi without a counter-offer makes it a valid contract that can be enforced in law if other ingredients for a valid contract are present. Acceptance establishes the agreement between Vince and Sun-Hi. Once Sun-Hi accepts Vince's offer with valid considerations (the book and double the price), the agreement for a business transaction between them is consummated. It is acceptance that completes the exchange of promises in this simple contract.

7 0

3 years ago

A firm has 4 plants that produce widgets. Plants A, B, and C can each produce 100 widgets per day. Plant D can produce 50 widget

polet [3.4K]

Answer:

A Widgets Firm

Minimization of Shipping Costs to 3 Customers from 4 Locations:

Explanation:

a) Data and Calculations:

Shipping Costs per unit Plant Customer

c. $7125

Plants Customers

Production 1 2 3 Total

Demand units 75 units 100 units 175 units 350 units

A 100 units $25 $35 $15

B 100 units $20 $30 $40

C 100 units $40 $35 $20

D 50 units $15 $20 $25

To minimize shipping costs:

Satisfy Customer 1's 75 units from B = $20 x 75 = $1,500

Satisfy Customer 2's 25 units from B = $30 x 25 = 750

Satisfy Customer 2's 25 units from C = $35 x 25 = 875

Satisfy Customer 2's 50 units from D = $20 x 50 = 1,000

Satisfy Customer 3's 100 units from A = $15 x 100 = 1,500

Satisfy Customer 3's 75 units from C = $20 x 75 = 1,500

Daily minimum shipping cost = $7,125

Minimizing the shipping cost to a location is not considered in isolation. The other locations must be considered. For example, customer 1's shipping cost would have been minimized to $1,250 instead of $1,500 by shipping D's 50 units and B's 25 units. But, this would have increased the shipping cost to customer 2 by $500 from $2,625 to $3,125. Whereas, the company lost $250 shipping to customer 1, it gained $500 shipping to customer 2, thereby making a net gain of $250, instead of net loss of $250.

7 0

3 years ago