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2 years ago

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A Mind Map is used to: Develop unique methods to find the perfect career path Find your favorite book, magazine and newspaper Pu

t dreams on paper Visualize and organize your thoughts

1 answer:

Leni [432]2 years ago

3 0

Answer:

Visualize and organize your thoughts.

Explanation:

You might be interested in

Why are certain crime losses, such as the theft of furs and jewelry, a more difficult exposure to insure than fire loss?

a_sh-v [17]

Answer:

It is very simple, if your house burns down, the evidence is there. All you need to do it look at a house that burnt down either completely or partially, but its easy to verify.

On the other hand, if you report that a necklace was stolen, it is really difficult to verify. Unless it is a unique jewel that is worth a ton of money, you could have simply given it away as a gift and then report it as stolen. The opportunities for insurance fraud are many when dealing with jewelry or other valuable objects that can be moved around easily.

The second question about different grants of authority refer to the organizational structure of a company. E.g. a salesperson in Best Buy is able to sell any item or items to regular customers. But sometimes a large order comes and the company must decide whether to discount the price or not, and then management kicks in and decides. The same happens to insurance agents. A company decides that some agents deal with policies that involve X amount of risk. If the level of risk is higher, they must work with other agents that are authorized to deal with high risk policies. It is basically a clearance level where employees are authorized up to this amount, and above that amount, other employees must be involved.

5 0

2 years ago

During the first year of Wilkinson Co.'s operations, all purchases were recorded as assets. Store supplies in the amount of $19,

kherson [118]

Answer:

b. increase expenses by $12,900

Explanation:

The final balance of Store Supplies were 19,350, but the actual year-end store supplies inventory were 6,450. That means that from all purchase 12,900 (19,350 – 6450) were used during the accountable year, therefore, those were expenses that should be recognized.

The adjusting entry is: Debit supplies expense for 12,900 and credit supplies for an equal amount.

5 0

3 years ago

A salesperson working for a firm that operates on the basis of exclusive sales territories must _____.

Alisiya [41]

A salesperson working for a firm that operates on the basis of exclusive sales territories must <u>consider whether the prospect is eligible, based in location or customer type, to purchase from him or her</u>.

A salesperson is responsible for greeting customers, helping them find items in the store, and calling them to purchase. To be successful as a salesperson, you need excellent communication skills. Great salespeople meet their sales goals while being polite and helpful to their customers.

Definition a salesperson is a person who sells goods or services. An example of a seller is someone who sells cars. salesman. A person engaged in the sale of goods or services.

A great salesperson should offer customers more than an inspiring sales pitch. He is an enthusiastic and resilient person who understands the needs of his customers, shows empathy, and takes the time to sell his products with confidence.

Learn more about Salesperson here: brainly.com/question/24951536

#SPJ4

5 0

1 year ago

Presented below are three receivables transactions. Indicate whether these receivables are reported as accounts receivable, note

tatuchka [14]

Answer:

1. Accounts receivable

2. Notes receivable

3. Other receivable

Explanation:

Sold merchandise on account for $64,000 to a customer - Accounts receivable. Since the merchandise is sold on credit to a customer, the same is recorded in the current assets of the balance sheet as accounts receivable.

Received a promissory note of $57,000 for services performed - Notes receivable. Since the promissory note is received for service performed which we term as a note receivable. This also come under the current assets of the balance sheet

Advanced $10,000 to an employee - Other receivables - As an advance is given to an employee neither is an account receivable nor it notes receivable. So, it is term as an other receivable

6 0

3 years ago

Willow Golf Course is planning for the coming golfing season. Investors would like to earn a 15% return on the company's $58,000

Ira Lisetskai [31]

Answer:

The operating profit is $4,800,000

Explanation:

We know that,

The operating profit would equal to

= Sales - variable cost - fixed expenses

where,

Sales = Number of rounds of golf × selling price per unit

= 600,000 rounds × $75

= $45,000,000

Variable cost = = Number of rounds of golf × selling price per unit

= 600,000 rounds × $17

= $10,200,000

And, the fixed expenses is $30,000,000

Now put these values to the above formula

So, the value would equal to

= $45,000,000 - $10,200,000 - $30,000,000

= $4,800,000

3 0

3 years ago