Answer:
An order getter is:________. a. a salesperson who specializes in identifying, analyzing, and solving customer problems, but who does not actually sell products and services. b. a salesperson who processes routine orders or reorders for products that are presold by the outbound telemarketers. c. a salesperson who sells in a conventional sense and identifies prospective customers, provides customers with information, persuades customers to buy, closes sales, and follows up on customers' use of a product or service. d. a person on the selling team who is responsible for obtaining qualified leads. e. a member of the sales support team who does not directly solicit orders but rather concentrates on performing promotional activities and introducing new products.
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An order-getter is a salesperson who sells in a conventional sense and identifies prospective customers, provides customers with information, persuades customers to buy, closes sales, and follows up on customers' use of a product or service. A salesperson who is in charge of actively convincing customers to buy rather than merely taking orders that the customers voluntarily place.
What are the characteristics of successful order-getters?
They identify the needs of the customer, offer value-added technical and procedural solutions, and demonstrate genuine care for the client.
An order-getter is a sales team member who is in charge of generating leads and convincing clients to buy. These salespeople look for new clients, make contact with potential leads, and employ a variety of persuasion strategies to persuade prospects to purchase products.
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A company purchased $3,100 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $850 worth of merchandise. On July 12, it paid the full amount due. Assuming the company uses a perpetual inventory system, and records purchases using the gross method, the correct journal entry to record the payment on July 12 is:
Answer:
Debit Accounts Payable $2250
Credit Merchandise Inventory $67.50
Credit Cash $2,182.50
Explanation:
Based on the information given Assuming the company uses a perpetual inventory system to t records the purchases using the gross method, the correct journal entry to record the payment on July 12 will be :
Debit Accounts Payable $2250
($3100-$850)
Credit Merchandise Inventory $67.50
[(3%*3100)-(3%*850)]
Credit Cash $2,182.50
($2250-$67.50)
If an agent has, within the scope of the agency relationship, committed both negligent and intentional acts resulting in injury to third parties, the principal: Group of answer choices may effectively limit his or her liability to those third parties if the agent has signed a disclaimer absolving the principal from liability. may be liable for both the negligent and intentional acts. will be liable under the doctrine of respondeat superior only for the intentional acts of the agent. will never be liable unless he or she actively participated in the acts.
Answer:
may be liable for both the negligent and intentional acts.
Explanation:
In the case when an agent is within the scope of agent relationship that committed both type of acts i.e. negligent and intentional that results the injury to the third party so here the principal may be liable for both the act i.e. negligent and intentional as it is followed by the doctrine of respodeat superior
Therefore the second option is correct
If you purchase 100 shares of XYZ Corporation for $50 per share, receive a dividend check for $200, and then sell the stock for $62 per share, what will your return on the stock be
Answer:
Your return on the stock will be 28%.
Explanation:
Po = Initial price per share = $50
P1 = New price per share = $62
S = Number shares purchased = 100
D = Dividend per share = Dividend received / Number shares purchased = $200 / 100 = $2
Therefore, we have:
Stock return = ((P1 - Po) + D) / Po = (($62 - $50) + $2) / $50 = ($12 + $2) / $50 = $14 / $50 = 0.28, or 28%
Therefore, your return on the stock will be 28%.
The following information is available for Felix Company: Net income $300 Decrease in plant and equip. $40 Depreciation expense $20 Increase in deferred tax asset $5 Gain on sale of assets $35 Decrease in long-term debt $50 Increase in inventories $25 Decrease in accounts payable $15 What is cash flow from operating activities for Felix Company
Answer:
$240
Explanation:
The computation of cash flow from operating activities of Felix company is seen below;
= Net income - Decrease in plant and machinery + decrease in expense - increase in deferred assets + gain on sale of assets
= $300 - $40 + $20 - $5 + $35
= $240
Therefore, cash flow from operating income of Felix company is $240
Assume the following: The standard labor rate is $8.50 per hour. The standard quantity of labor allowed per unit is 4 hours. The company paid $342,000 for 38,000 hours of labor. The company actually produced 10,000 units of finished goods during the period. What is the labor efficiency variance
Answer: 17000F
Explanation:
The labor efficiency variance based on the information provided in the question would be calculated as:
= (Standard hours - Actual hours) × Standard rate
= (40000 - 38000) × 8.50
= 2000 × 8.50
= 17000 favourable
Note;
Standard hours = 10000 × 4 hours = 40,000 hours
Company A accounts for its investment in Company B under the equity method. Company A carried the Company B investment at $150,000 and $165,000 at December 31, 2020, and December 31, 2021, respectively. During 2021 Company B recognized $80,000 of net income and paid dividends of $30,000. Assuming that Company A owned the same percentage of Company B throughout 2021, its percentage ownership must have been:
Answer:
30%
Explanation:
Calculation for its percentage ownership
Percentage of ownership=($80,000 - $30,000)/$165,000
Percentage of ownership=$50,000/$165,000
Percentage of ownership = 30%
Therefore Assuming that Company A owned the same percentage of Company B throughout 2021, its percentage ownership must have been:30%
To make valid computations of adjustments for the sales comparison approach to value, elements of comparison must be applied in a specific order. Which one of these elements listed has the highest priority?
Hello. You forgot to enter the answer options. The response options are:
Location
Market conditions
Conditions of sale
Physical characteristics
Answer:
Physical characteristics
Explanation:
The physical characteristics of the analyzed system, must have priority in determining the approach of comparing sales to value. This is because these characteristics have a strong influence on the composition of the product and the constancy of sales, in addition to determining the entire functioning of the system.
The one of the element that has the highest priority is Physical characteristics
The following information should be considered:
The physical characteristics of the analyzed system, must have priority in determining the approach of comparing sales to value. This is due to the characteristics that contains a strong influence on the composition of the product and the constancy of sales, in addition to measure the overall functioning of the system.Learn more: brainly.com/question/16911495
Perch Co. acquired 80% of the common stock of Float Corp. for $1,600,000.The fair value of Float Is net assets was $1,850,000, and the book value was $1,500,000.The non controlling interest shares of Float Corp. are not actively traded. What is the total amount of goodwill recognized at the date of acquisition
Answer:
150,000
Explanation:
Answer:
$150,000
Explanation:
Calculation for the total amount of goodwill recognized at the date of acquisition
First step is to calculate the Cost(PP)
Cost(PP) =$1,600,000/.8
Cost(PP)= $2,000,000
Second step is to calculate the goodwill
to be recognized
Goodwill=$2,000,000- $1,850,000
Goodwill= 150,000
Therefore the total amount of goodwill recognized at the date of acquisition is $150,000
Sheridan Company has current assets of $74000, current liabilities of $100000, long-term assets of $176000 and long-term liabilities of $79000. Sheridan Company's working capital and its current ratio are:
Answer:
Current ratio = 0.74 : 1
Working Capital = ($26,000)
Explanation:
Given:
Current assets = $74,000
Current liabilities = $100,000
Find:
Working Capital
Current ratio
Computation:
Working Capital = CA - CL
Working Capital = $74,000 - $100,000
Working Capital = ($26,000)
Current ratio = [CA / CL]
Current ratio = [$74,000 / $100,000]
Current ratio = 0.74 : 1
For a nondividend-paying stock, you are given: i) The current stock price is 40 ii) At the end of the month the stock price will be either 42 or 38 Assume that the continuously compounded risk-free interest rate is 0.08 Given that the price of a 39-strike call option with 1 month to maturity is 1.5; what strategy can you use to take advantage of the arbitrage opportunity (if any)
please help me answer this...
Brief Exercise 229 Iverson Company purchased a delivery truck for $45,000 on January 1, 2020. The truck was assigned an estimated useful life of 5 years and has a residual value of $10,000. Compute depreciation expense using the double-declining-balance method for the years 2020 and 2021.
Answer:
the depreciation expense using the double-declining-balance method for the years 2020 and 2021 is $18,000 and $10,800 respectively
Explanation:
The computation of the depreciation expense using the double declining method for the year 2020 and 2021 is as follows:
For 2020
= (Cost) × depreciation rate
= $45,000 × 1 ÷ 5 × 2
= $18,000
For 2021
= ($45,000 - $18,000) × 0.40
= $10,800
hence, the depreciation expense using the double-declining-balance method for the years 2020 and 2021 is $18,000 and $10,800 respectively
Jenin recently purchased 100 shares of Tarifi's Optical common stock for $6,000. The stock is expected to provide an annual cash flow of dividends of $400 indefinitely. Assuming a discount rate of 8 percent, how does the price Jenin paid compare to the value of the stock?
Answer:
Since the present value of the perpetuity ($5,000) is less than the price that Jenin paid for the stocks ($6,000), we can conclude that she paid an excessively high price for them.
Explanation:
Jenin invested $6,000 in stocks that yield a perpetual dividend. In order to compare if Jenin made a good deal we must find the present value of the perpetuity:
present value = annual cash flow / discount rate = $400 / 8% = $5,000
Since the present value of the perpetuity is less than the price that Jenin paid for the stocks, we can conclude that she paid an excessively high price for them.
We conclude that this stock is overpriced and it was purchased at a premium.
Total number of shares Bought = 100 shares
100 shares were purchased at the rate of $6000
The rate of discount is = 8 percent = 0.08
Cash flow = 400 dollars
To get the theoretical value of these 100 shares
Value = cash flow ÷ discount
= 400 ÷ 0.08
= $5000
Therefore the 6000 dollars that was paid to get the 100 shares is more than the calculated theoretical value of 5000.. We conclude that this stock is overpriced and it was purchased at a premium.
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Hardwoods, a timber supplying company, contracted with a furniture manufacturer, Taylor Furniture. Hardwoods owned a large plot of land where it grew oak and beech trees. Taylor had contracted with Hardwoods to buy one ton of each type of lumber grown by Hardwoods each month at a discounted price for the next five years. However, during the second year of the contract, and tornado Hardwoods farmland, and demolished its entire supply of wood. Taylor having no other supplier sued Hardwoods for breach of contract. Hardwoods argued that their contract had been legally discharged as soon as the tornado struck because at that point it was impossible for Hardwoods to supply lumber to Taylor. The court ruled in favor of Hardwoods. But what if the facts of the case were different
Answer:
the options are missing, so I looked for a similar question:
Instead of a tornado’s striking Hardwoods’ land, the state in which Hardwoods operates passes a law making it illegal for any lumber companies to cut down trees for the purposes of selling their wood. This environmental measure causes Hardwoods to go out of business. Instead of demanding Oak and Beech wood grown specifically on Hardwoods’ land, Taylor requests shipments of Oak and Beech wood from Hardwoods, and specifies in the contract that if Hardwoods cannot supply the wood, then Hardwoods should obtain the requested wood from another lumber supplier. Instead of a tornado’s striking Hardwoods’ tree farm, a wildfire burns all of Hardwoods’ trees. After the tornado, Hardwoods and Taylor Furniture agree to a novation, whereby a competing company, Oakempire, assumes the duties of Hardwoods stated in the original contract.
The answers are:
2. Instead of demanding Oak and Beech wood grown specifically on Hardwoods’ land, Taylor requests shipments of Oak and Beech wood from Hardwoods, and specifies in the contract that if Hardwoods cannot supply the wood, then Hardwoods should obtain the requested wood from another lumber supplier.
4. After the tornado, Hardwoods and Taylor Furniture agree to a novation, whereby a competing company, Oakempire, assumes the duties of Hardwoods stated in the original contract.
Explanation:
In common law, a tornado or any other type of natural disaster is considered an Act of God. A company cannot be held liable for such events, and if a contract is breached because of it, there is no legal responsibility (option 3 is another type of Act of God)
Also, if the law or existing regulation changes, and that change makes it impossible for a party to fulfill their obligations, they are not liable for breaching the contract (option 1).
Lemming makes an $18,750, 120-day, 8% cash loan to Notions Co. on November 1. Lemming's end-of-period adjusting entry on December 31 should be:_______
a. Debit Cash for $250 credit Notes Receivable $250.
b. Debit Interest Revenue $500; credit Notes Receivable $500.
c. Debit Interest Receivable $250, credit Interest Revenue $250.
d. Debit interest Receivable $500, credit Interest Revenue $500.
e. Debit Notes Receivable $500, credit Interest Revenue $500
Answer:
The correct option is c. Debit Interest Receivable $250, credit Interest Revenue $250.
Explanation:
The interest revenue from this loan can be calculated as follows:
Interest revenue = Loan amount * (Number of days from November 1 to December 31 / Number of days in a year) * Interest rate .............. (1)
Where;
Interest revenue = ?
Loan amount = $18,750
Number of days from November 1 to December 31 = 60
Number of days in a year = 350
Interest rate = 8%
Substituting the values into equation (1), we have:
Interest revenue = $18,750 * (60 / 360) * 8%
Interest revenue = 250
Since it is a 120-day loan which implies that repayment is expected to be made after December 31, i.e. on 120th day, Lemming's end-of-period adjusting entry on December 31 should be Debit Interest Receivable for $250; and Credit Interest Revenue $250.
Therefore, the correct option is c. Debit Interest Receivable $250, credit Interest Revenue $250.
What is the modified duration of a four-year bond with annual 10% coupons and a 10% yield to maturity?
Answer:
the formula to calculate modified duration of bonds:
modified duration = [1 - (1 + y)⁻ⁿ] / y
modified duration = [1 - (1 + 10%)⁻⁴] / 10% = 0.317 / 10% = 3.17 years
if you want to determine the Macaulay duration = modified duration x (1 + yield) = 3.17 years x 1.1 = 3.49 years
The modified duration shows how a bond's value can change as a result of a change in the interest rate.
On Monday PBC (Peanut Butter & Chocolate) Candy Company’s entire balance sheet comprised real assets of $500 million and cash of $50 million. It had no debt (nor preferred shares). On Tuesday PBS established a line of credit for $100 million with BBB (Big Bad Bank). On Wednesday morning PBC drew down $20 million from its credit line and kept it in cash for later use. Which of the following is correct regarding PBC Wednesday afternoon? a) Debt of $100 million and assets of $550 million b) Debt of $100 million and assets of $650 million c) Debt of $20 million and assets of $570 million d) Debt of $20 million and assets of $650 million e) Debt of $20 million and assets of $630 million
Answer:
c) Debt of $20 million and assets of $570 million
Explanation:
Line of credit increases liability in a company's Balance sheet only when it is used. Thus, PBC (Peanut Butter & Chocolate) Company will have debt of $20 Million and Assets of $570 Million
Assume a firm is purchasing new equipment for a project. The selling price of the product along with the variable cost, fixed costs and annual depreciation expense have been determined. The firm is about to calculate its accounting, cash and financial break even points. Which break even points will the project reach first, then second and finally last
Answer:
cash break even point first followed by the accounting break even point and then finally the financial break even point.
Explanation:
As we know that
The cash break even point is
= Fixed Cost ÷ Contribution Margin
The Accounting Break Even Point is
= (Fixed Cost + Depreciation) ÷ Contribution Margin
And, the Financial Break Even Point is
= (Fixed Cost + Depreciation + Interest) ÷ Contribution Margin
So as we can see that the first the cash break even point, than the accounting break even point and the last is financial break even point
So, the first option is correct
g Which of the following statements is CORRECT? a. Since the money is readily available, the after-tax cost of reinvested earnings (not newly issued stock) is usually much lower than the after-tax cost of debt. b. If a company's tax rate increases but the YTM on its noncallable bonds remains the same, the after-tax cost of its debt will fall. c. All else equal, an increase in a company's stock price will increase its marginal cost of new common equity, re. d. All else equal, an increase in a company's stock price will increase its marginal cost of reinvested earnings (not newly issued stock), rs.
Answer:
b. If a company's tax rate increases but the YTM on its noncallable bonds remains the same, the after-tax cost of its debt will fall.
Explanation:
As we know that the cost of debt could be determined by applying the RATE formula in the excel
And, the following tax cost of debt is
= Cost of debt × (1 - tax tate)
In this case , the before the cost of debt or cost of debt remains constant but the tax rate is rising so automatically the following tax cost of debt would decrease
hence, the option b is correct
A manager wants to determine the number of containers to use for incoming parts for a kanban system to be installed next month. The process will have a usage rate of 71 pieces per hour. Because the process is new, the manager has assigned an inefficiency factor of .16. Each container holds 41 pieces and it takes an average of 50 minutes to complete a cycle. a-1. How many containers should be used
Answer:
the number of containers that should be used is 1.67 containers
Explanation:
The computation of the number of containers that should be used is as follows;
= Annual demand × time × (1 + inefficiency factor) ÷ holding pieces
= 71 × 0.83 × (1 + 0.16) ÷ 41
= 1.67 containers
Here The time is converted from minutes to hour i.e
= 50 minutes ÷ 60 minutes
= 0.83
Hence, the number of containers that should be used is 1.67 containers
is global economic resistance good or bad? why?
Answer:
The global economy can be a little frustrating because globalization and the global economy are terms that mean different things to different people. I have found that some people talk about the global economy and what they mean is the opening of markets and trade among nations—so that today you can buy products in a store that have been made everywhere around the world, and people everywhere around the world are buying products that we make.
That didn’t used to be the case, partly because transportation and communication technologies were inadequate and partly because there were a lot more political barriers and even wars going on that prevented people from trading with each other. But in the twentieth century—especially in the late twentieth century—there’s been a large-scale dismantling of political barriers to trade combined with a dramatic increase in communication and transportation technology that has opened up a new global market.
are considering buying a new flat TV that costs today at $4,000. The bank has offered you a loan to buy it. The loan is a 2-year loan for which you will make bi-monthly payments (at the end of every two months). The APR for the loan is 24%. How much is the bi-monthly payment?
Answer:
don't know because I can't understand the language of question
alph owns a building that he is trying to lease. Ralph is a calendar-year, cash-method taxpayer and is trying to evaluate the tax consequences of three different lease arrangements. Under lease 1, the building rents for $500 per month, payable on the first of the next month, and the tenant must make a $500 security deposit that is refunded at the end of the lease. Under lease 2, the building rents for $5,500 per year, payable at the time the lease is signed, but no security deposit is required. Under lease 3, the building rents for $500 per month, payable at the beginning of each month, and the tenant must pay a security deposit of $1,000 that is to be applied toward the rent for the last two months of the lease. (Leave no answers blank. Enter zero if applicable.) a. What amounts are include
Answer:
if the tenant signs the lease contract 1 on December 1, Ralph will not include any income in his current tax year. Security deposits are not considered income. if the tenant signs lease contract 2, Ralph will have to include $5,500 in his income for the current year. if the tenant signs lease contract 3, Ralph will have to include $1500 in his income for the current year. The $1,000 security deposit represents the last two monthly lease payments.ABC Company on Jan 1, 2021 purchased a delivery van for $24,000. To complete the purchase, the company also incurred a $800 shipping cost and $1,200 sales tax. The company estimates that at the end of its four-year service life, the van will be worth $4,000. During the four-year period, the company expects to drive the van 100,000 miles. Actual miles driven each year were 20,000 miles in year 1; 25,000 miles in year 2; 44,000 miles in year 3; and 55,000 miles in year 4. Required: Using Straight-line depreciation method, what is the annual depreciation expense
Answer:
the yearly depreciation expense is $5,500
Explanation:
The computation of the yearly depreciation expense using the straight line method is as follows;
= (Purchase cost - salvage value) ÷ (estimated useful life)
= ($24,000 + $800 + $1,200 - $4,000) ÷ (4 years)
= ($26,000 - $4,000) ÷ (4 years)
= $22,000 ÷ 4 years
= $5,500
hence, the yearly depreciation expense is $5,500
**ECONOMICS** A tax paid on the value of a person's home is ______.
A. sales tax
B. income tax
C. credit tax
D. property tax
______ occurs when an employee or an applicant is treated unfairly at work or in the job hiring process due to an identity group, condition, or personal characteristic.
Answer:
Workplace discrimination.
Explanation:
Workplace discrimination is an extremely negative situation that occurs due to certain characteristics of an individual. It may occur because the individual belongs to different ethnic groups, depending on nationality, color, religion, etc.
This situation is harmful to the organization as a whole, the discriminated individual is the one who suffers the most for having their equality rights violated and for feeling coerced and disrespected in a work environment that should be supported by criteria of equality, ethics and collaboration .
It is necessary for companies to be aware of possible loopholes in their policies that may corroborate with such illegal acts, revising them whenever necessary and strengthening the values of respect for personal individualities and equality among employees.
Arntson, Inc., manufactures and sells two products: Product R3 and Product N0. The annual production and sales of Product of R3 is 900 units and of Product N0 is 600 units. Data concerning the expected production of each product and the expected total direct labor-hours (DLHs) required to produce that output appear below: The unit product cost of Product R3 under activity-based costing is closest to:
Answer:
$671.92
Explanation:
Note: The full question is attached as picture below
Product R3
Labor-related cost = 40736/7200*5400
Labor-related cost = $30,552
Production orders = 65970/1600*1000
Production orders = $41,231
Order size = 433175/7100*3100
Order size = $189,133
Total overhead = Labor-related cost + Production orders + Order size
Total overhead = $30,552 + $41,231 + $189,133
Total overhead = $260,916
Annual production and sales of Product of R3 = 900 u nit
Overhead cost per unit = Total overhead / Unit
Overhead cost per unit = $260,916 / 900
Overhead cost per unit = $289.92
Direct material = $226
Direct labor = (26*6) = $156
Unit product cost = Overhead cost per unit + Direct material + Direct labor
Unit product cost = $289.92 + $226 + $156
Unit product cost = $671.92.
Mateo exchanges a rental house at the beach with an adjusted basis of $225,000 and a fair market value of $200,000 for a rental house at the mountains with a fair market value of $180,000 and cash of $20,000. What is the recognized gain or loss?
a.$0
b.$20,000
c.($25,000)
d.($20,000)
Answer:
a.$0
Explanation:
Adjusted basis is the cost of a property and other related costs incurred in acquiring, maintaining, or upgrading the property.
Fair value represent the worth of a property. It is the amount that one should expect to fetch from the market if they were to sell the property.
The fair value or the worth for Mateo's rental house is $200,000. He obtains another rental house with a fair value of $180,000 and cash $20,000.
He exchanged property worth $200,000 for $200,000
Someone offers to buy your car for four, equal annual payments, beginning 2 years from today. If you think that the present value of your car is $9,000 and the interest rate is 10%, what is the minimum annual payment that you would accept
Answer:
$3,123.13
Explanation:
we must first determine the price of our car in 1 year = $9,000 x (1 + 10%) = $9,900
this will be the present value of the ordinary annuity (4 equal annual payments)
$9,900 = annual payment x PV annuity factor
PV annuity factor, 10%, 4 periods = 3.1699
annual payment = $9,900 / 3.1699 = $3,123.13
According to the above equation, the minimum annual payment that would need to accept is $3,123.13.
What is the minimum annual payment?
Given Information:
Present value=$9,000Interest rate=10%Firstly, determine the price of our car in 1 year = $9,000 x (1 + 10%) = $9,900
Moreover, this will be the present value of the ordinary annuity (4 equal annual payments)
$9,900 = annual payment x PV annuity factor
PV annuity factor, 10%, 4 periods = 3.1699
Annual payment = $9,900 / 3.1699 = $3,123.13
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1.Make a list of at least 5 good topics for networking.
Answer:
Explanation:
Networking has so many subcategories and topics that can be discussed since there are a huge array of techniques, methods, technology, etc. Therefore I would say that 6 pretty good networking topics that would be great to discuss with other people or even create a presentation/essay on would be the following...
QoS ImplementationIP vs ATMSAN vs NASPeer-to-Peer or Base Stations?Ad-Hoc vs InfrastructureEverything over IP