Answer:
The correct answer is letter "B": Restating and paraphrasing the sender's message.
Explanation:
Salespeople should <em>paraphrase potential customers' segments</em> to make sure they understood what they said and to show they are paying attention to them. By doing so, consumers will feel like the salespeople understand their demands and that they care for the consumers' satisfaction while making the purchase.
Answer: Option (a) is correct.
Explanation:
Ending inventory at retail:
= Total retail - net sales - markdown
= (Beginning inventory + purchases + freight-in + markups) - net sales - markdown
= ($396,000 + $2,200,000 + 0 + $48,000) - $2,000,000 - $72,000
= $572,000
Total cost = Beginning inventory + purchases + freight-in + markups
= $260,000 + $1,370,000 + $86,000 + 0
= $1,716,000
Cost to retail ratio:
= 0.6490 or 64.9%
Ending inventory at cost:
= Ending inventory at retail × Cost to retail ratio
= $572,000 × 64.9%
= $371,228
Answer:
See below
Explanation:
<u>1. How revenue affects Profits</u>
Revenue is income that a business receives selling its products or from the services it provides. Income from other sources such as win in lawsuits is also revenue.
A business with high revenue is more profitable than a company with low income. For a business to make profits, its revenues must exceed its total expenditure. Profit is total income minus expenses. After the breakeven, extra sales contribute to profits. The more the sales, the higher the profits. Low revenue makes low profits.
<u>2. How do expenses affect profit?</u>
Expenses are costs incurred by a business in its productions and sales processes. Service providers incur expenses as they provide services to customers.
Expenses have a direct impact on profits. High costs may result in losses. Profits are realized after deducting expenses from revenues.
If the expenses are high, then profits will be minimal. Low expenses will result in high profits.
The correct option is D.
Insurance sale agents are responsible for selling insurance policies to customers. They also gather and document information about the customers. Insurance underwriters are responsible for evaluating the risks and exposures of potential customers. An insurance accident investigator is responsible for investigating, analyzing and documenting suspicious claims or accident occurrence.
Year 1 = 35.23 days
Year 2 = 44.64 days
<h3>
What are net sales?</h3>
- Net sales are calculated by deducting appropriate sales returns, allowances, and discounts from gross revenue.
- Net sales costs have an impact on a company's gross profit and gross profit margin, but net sales exclude the cost of goods sold, which is typically a key driver of gross profit margins.
- Net sales are operating revenues obtained by a corporation for selling its products or performing its services in bookkeeping, accounting, and financial accounting.
- They are recorded directly on the income statement as Sales or Net sales and are also known as revenue.
So, Days' Sales Uncollected = Accounts receivable / Net Sales * Days
Year 1 = $64,000 / $663,000 * 365 days = 35.23 days
Year 2 = $91,000 / $744,000 * 365 days = 44.64 days
Therefore,
Year 1 = 35.23 days
Year 2 = 44.64 days
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The question you are looking for is here:
Barga Co.'s net sales for Year 1 and Year 2 are $663,000 and $744,000, respectively. Its year-end balances of accounts receivable follow Year 1, $64,000; and Year 2, $91,000. Complete the below table to calculate the days' sales uncollected at the end of each year.
Days' Sales Uncollected
Choose Denominator: / Choose Numerator: * Days = Days' Sales Uncollected
Year 1: days
Year 2: days
