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spin [16.1K]
3 years ago
14

John Collins has been a sales rep for AdVance for 18 years. When he began his career with AdVance he followed the money and sold

to any customer he could convince to buy. In the last five years, however, he has been focusing on acting with integrity in every selling situation. As a result, he has discovered that his initial close rate on sales has gone down, but that he has developed a highly profitable group of long-term customers. What principle does this most likely demonstrate
Business
1 answer:
love history [14]3 years ago
4 0

Answer:

Honesty and sincerity build long-term partnering relationships with customers.

Explanation:

You might be interested in
Sparks Corporation has a cash balance of $19,500 on April 1. The company must maintain a minimum cash balance of $16,000. During
Ganezh [65]

Answer:

Cash borrow  = 10500

so correct option is a. $10,500

Explanation:

given data

Ending cash balance = $16,000

Beginning cash balance = $19,500

expected cash receipts = $68,000

Cash disbursements = $82,000

solution

we know that Ending cash balance is express as

Ending cash balance = Beginning cash balance + Cash receipts - Cash disbursements + Cash borrow   .............................1

we get here Cash borrow put here value

$16,000 = $19,500  + $68,000 - $82,000 + Cash borrow

solve it we get

Cash borrow  = 10500

so correct option is a. $10,500

4 0
3 years ago
Use the following information of VPI Co. to prepare a statement of cash flows for the year ended December 31 using the indirect
r-ruslan [8.4K]

Answer:

                                                 VPI Co.

            Cashflow statement for the year ended December 31

                                                                               $

Operating activities                                            

Net income                                                         59,000

Add Depreciation                                                 7600

Less gain from sale of machinery                      (2900)

Increase in Inventory                                          (8,600)

Increase in accounts payable                              3,300

Decrease in accounts  receivable                      <u>  6,600</u>

Cash flow from Operating activities                  65,000

Investing activities

Cash received from sale of  machinery              11,300

Financing activities

Cash paid for dividends                                      (4,600)

Net cashflow                                                        71,700

Cash balance at prior year-end                       <u> </u><u>43,600</u>

Cash balance at current year-end                  <u> 114,300</u>

Explanation:

The indirect method of cashflow statements starts with the cashflows from the operating activities to Financing and then investing activities.

An increase in an asset other than cash is a decrease in cash and vice versa. An increase in a liability is an increase in cash and vice versa. We add or subtract none cash items like depreciation, gain on asset disposal etc.

7 0
2 years ago
A regulatory agency that protects workers is
bagirrra123 [75]

Answer:

answer is A

Explanation:

6 0
3 years ago
1. A business acquaintance promises to deliver a $20 bill to you one year from today. How much should you be willing to pay toda
riadik2000 [5.3K]

Answer and Explanation:

The computation is shown below;

1. The willing amount to pay for the promise should be less than $20 that represents the time value of money

2. Now the present value is

= Received amount × discounting factor at 6% for 3 years

= $1,000 × 0.839

= $839

3. Now the interest rate is

As we know that

Future value = Present value × (1 + rate of interest)^number of years

$1,000 = $863.84 × (1 + rate of interest)^3

rate of interest =5% approx

6 0
3 years ago
In a letter to the editor, a teacher criticized an article in USA Today on autism because it used the term autistic child rather
blondinia [14]

Yes, because obstacles are not something people choose on their own. So instead of naming people according to their disabilities, it makes more sense to say they have a disability.

5 0
2 years ago
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