Answer:
John's estimated cost of owning and driving the car for three years is $17,500
Explanation:
The computation of the estimated cost for the three years is shown below:
= Purchase cost of Toyota + (annual cost of maintenance, registration, insurance, and gas × Number of years) - selling cost or scrap value
= $20,000 + ($1,500 × 3) - $10,000
= $20,000 + $7,500 - $10,000
= $27,500 - $10,000
= $17,500
The selling cost should be deducted so that accurate value can come and the annual cost is given for one year only but we have to compute for the three years so we multiply it by three years.
Answer:
YES
Explanation:
If a stock you own is worth say $30,000 and you eventually sell it for $10,000, that is considered a loss on your taxes and you can count it as a loss on your taxes.
The situation given in the scenario is obviously that of capital erosion or capital loss.
Just like it would have been counted as capital gains if you had made a profit on the sale of the shares which would have been taxable, so also is it possible to make tax deductions on your returns when you make capital losses.
Hence, the loss amount can be deducted (offset) from other capital gains or ordinary income in your tax return.
A. allows you to diversify as opportunities develop.
Answer:
The personal selling process can be defined as the personal contact between a seller and a potential buyer. In order to complete this process it is necessary to identify some steps that are implicit in the purchase.
Explanation:
The personal selling process can be defined as the personal contact between a seller and a potential buyer. In order to complete this process it is necessary to identify some steps that are implicit in the purchase.
Prospecting
Pre-approach
Approach
Presentation
Meeting objections
Closing the sale
Follow-up
Pre-approach: In Jane`s case, she first identify the prospects by list she purchase with the subscribers to the journal once normally people who buy this media are normally the ones who work in offices and therefore they may have some economic power.
Approach: Jane personally called the list in order to narrow the path and classify the ones that could be possible customers for her by having a closer and more friendly approach.
Presentation: The moment of the presentation occurs during the call when Jane explains that she is calling in order to know about their investment needs, once she is letting the possible customer know in an implicit way that she offers investment advice.
Meeting objections : In the second call, Jane is offering some information about the possible good investment customers can have, according to each subject she called there can be different kinds of questions that the seller would have to answer during the meeting objections step.
Closing the sale: and finally, Jane is trying to close the sale with the question she asks, would you like to open an account?
