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Dafna1 [17]
3 years ago
14

Cynthia works as a salesperson at an apparel showroom. A week ago, she met a customer who stated that a particular dress was qui

te expensive and asked her whether a discount was available for the dress. Cynthia responded by saying, “I can get you a 10 percent discount on the dress. Would you like to pay by cash or card?” The customer made the purchase. Which closing technique did Cynthia use in this example? A. opinions count close B. assumptive close C. Ben Franklin close D. Sharp Angle close
Business
1 answer:
olasank [31]3 years ago
8 0

Answer:

Assumptive close

Explanation:

  • Discount means cut off price

\boxed{\sf Discount=Sold\:Price-Cost\!Price}

Or simply

\\ \sf\longmapsto Discount=S.P-C.P

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Carol Thomas will pay out $14,000 at the end of the year 2, $16,000 at the end of year 3, and receive $18,000 at the end of year
Fittoniya [83]

The net value of the payments vs. receipts in today's dollars is ($11,102).

<h3>What is the present value?</h3>

The present value of future cash flows is the current value or the value in today's dollars.  It is computed by discounting the future values at the appropriate discount rate.

The present value can be computed using the Present Value formula, an online finance calculator, or the PV factor table.

Formula

PV=FV \frac{1}{(1+r)^{n}}

PV = present value

FV = future value

r = rate of return

{n} = number of periods

<h3>Data and Calculations:</h3>

Interest rate = 12%

Period     Cash flow     PV Factor     PV

Year 2     ($14,000)       0.797        -$11,158 ($14,000 x 0.797)

Year 3    ($16,000)        0.712        -$11,392 ($16,000 x 0.712)

Year 4     $18,000        0.636         $11,448 ($18,000 x 0.636)

Net present value of cash flows   -$11,102

Thus, the net value of the payments vs. receipts in today's dollars is ($11,102).

Learn more about present value at brainly.com/question/20813161

4 0
2 years ago
The following account appears in the ledger prior to recognizing the jobs completed in January: Work in ProcessBalance, January
exis [7]

Answer:

Year-end WIP 62,200

jounral entry for completed jobs:

-------------------------------------

Finished Good Inventory   1,149,800 DEBIT

  WIP inventory                              1,149,800 CREDIT

-------------------------------------

Explanation:

<u>WIP </u>

Beginning  $     72,000

Materials    $   390,000

Labor          $   500,000

Overhead   <u>$   250,000</u>

Total WIP    $  1,212,000

<u />

<u>Finished Jobs:</u>

Job 210  $  200,000

Job 224 $  225,000

Job 216  $  288,000

Job 230 <u>$  436,800</u>

Total       $ 1,149,800

the jobs complete will move to finished good and credit WIP inventory

WIP year-end:

1,212,000 - 1,149,800 = 62,200

7 0
3 years ago
Ben cartwright runs the wild west wax museum in carson city, nevada. the museum has been in business for 40 years and is a major
lawyer [7]

<u>Solution and Explanation:</u>

The implicit cost of capital

Implicit cost of capital is the opportunity cost of capital which is already incurred but not reported as a separate cost/expense, Implicit cost is the cost which results from using an existing asset instead of selling or renting it.

For example when a businessman uses his/her existing land which has implicit cost of say $1000 per month but bought it for say $100 many years ago, so $1000 is its implicit cost/current market rent per month which is equal to its oppo

5 0
3 years ago
How are prices determined in a free market economy​
professor190 [17]
If it’s free then I don’t think they need to determine the price bc it’s free
5 0
3 years ago
Consider the market for portable air conditioners in equilibrium. A summer of unseasonably cool weather would cause:
RSB [31]
C.

First consider the effects on demand and supply. What will occr is that demand will decrease and the curve will shift to the left. As a result, if you draw the diagram out, equilibrium price and quantity will decrease.
4 0
3 years ago
Read 2 more answers
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