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2 years ago

A command economy features:

Business

1 answer:

Anit [1.1K]2 years ago

6 0

A private companies operating without government interference

Explanation:

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What are the types of information salespeople need to prepare for sales dialogue?

Novosadov [1.4K]

Answer:

The answer is:

The more a salesperson knows about their potential buyers, the better he (or she) will perform and the more he (or she) will sell.

They should gather relevant information about the potential buyer (e.g. needs, demographics or preferences) to help them prepare their sales presentation.

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2 years ago

Superior Company has provided you with the following information before any year-end adjustments: Net credit sales are $131,750.

aleksklad [387]

Answer:

$3,553

Explanation:

Credit losses = Net credit sales × Historical percentage of credit losses

= $131,750 × 3%

= $3,953

Allowance for doubtful account has a credit balance of $400

The estimated bad debt expense can therefore be calculated as:

Bad debt expense = Credit losses - Allowance for doubtful accounts credit balance

= $3,953 - $400

= $3,553

Hence, the estimated bad debt expense using the percentage of credit sales method is $3,553

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3 years ago

The seller of a dry cleaning business has agreed not to open another dry cleaning business for two years within a one-mile radiu

algol [13]

Answer:

c. is valid and enforceable

Explanation:

In business, this is called a Non-Compete Clause.

Non-Compete Clause can prevent a certain individual or organization to compete with another business , as long as both parties con sensually sign the agreement.

Typically, Non-Compete clause is required after all the parties involved have some sort of affiliation toward one another/

<u>for example:</u>

1. One party just bought the business from another party.

2. One party is an ex-members/ex-employees of another party. Making them know internal secrets of that other party.

6 0

3 years ago

Bramble Corp. reported the following items for 2016: Income tax expense $62000 Contribution margin 180000 Controllable fixed cos

Ivenika [448]

Answer:

controllable margin = $100,000

Explanation:

given data

Income tax expense = $62000

Contribution margin = 180000

fixed costs = 80000

Interest expense = 68000

Total operating assets = 40000

to find out

How much is controllable margin

solution

we get here controllable margin that is express as

controllable margin = contribution - controllable fixed cost ....................1

put here value we get

controllable margin = 180000 - 80000

controllable margin = $100,000

4 0

3 years ago

he units of Manganese Plus available for sale during the year were as follows: Mar. 1 Inventory 22 units @ $29 $638 June 16 Purc

Mama L [17]

Answer:

Thus, difference in gross profit = $144 + $144 = $288

Profit as per FIFO is higher than profit as per LIFO

Explanation:

In the given case, as per both the methods computation shall be as follows:

Date Quantity Rate Amount

Mar 1 22 units $29 $638

Jun 16 31 units $30 $930

Nov 28 41 units $37 $1,517

Total 94 units $3,085

Closing units = 18

That means sales = 94 - 18 = 76 units

Thus as per LIFO cost = 41 units @ $37 + 31 units @ $30 + 4 units @ $29

= $2,563

Closing stock = 18 units @ $29 = $522

As per FIFO cost = 22 units @ $29 + 31 units @ $30 + 23 units @ $37 = $2,419

Closing stock = 18 units @ $37 = $666

Thus, difference of closing stock = $666 - $522 = $144

Profit as per FIFO is higher by $144

Cost is higher in LIFO by $2,563 - $2,419 = $144

Thus, difference in gross profit = $144 + $144 = $288

6 0

3 years ago