Selling business products like chemicals and heavy equipment typically requires technical expertise that may be provided by a(n) ______, who does not actually sell the product
sales engineer

Breakfast cereal is produced in massive quantities because it is not customized. So, it will use process costing. Motion pictures, repairs to automobiles, and college graduation announcements are appropriate for job order costing.

A automobile or car is a motor car with wheels. maximum definitions of cars say that they run mainly on roads, seat one to 8 humans, have four wheels, and mainly delivery humans as opposed to goods. The yr 1886 is appeared as the beginning yr of the automobile, while German inventor Carl Benz patented his Benz Patent-Motorwagen.[3][4][5] motors have become widely available at some point of the 20th century. one of the first cars lower priced by using the hundreds was the 1908 version T, an American automobile manufactured by way of the Ford Motor agency. motors had been swiftly adopted inside the US, where they changed animal-drawn carriages and carts.

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A Russian aluminum producer selling aluminum for less in the United States than in Russian because demand in the United States is elastic, whereas in Russia is less elastic is an example of price discrimination in international trade.

The practice of charging different prices to different customers for the same product or service is considered price discrimination. It is frequently utilized by established, larger businesses to profit from consumer supply and demand variations.

While charging too little can increase sales volume but reduce profits, charging too much can increase profits but reduce sales. Your task is to find a middle ground and create a situation where both you and your audience benefit. Pricing strategies can be helpful in this situation.

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The asset's salvage value—or what you anticipate it to be worth at the end of its useful life—must be subtracted from its cost in order to determine depreciation using the straight-line technique. A depreciable basis, or the amount that may be written off, is the outcome.

Depreciation is an accounting technique for spreading out the expense of a tangible item over the course of its useful life. How much of an asset's value has been used is shown through depreciation. It enables businesses to purchase assets over a predetermined length of time and generate income from those assets.

The four depreciation methods include straight-line, declining balance, sum-of-the-years' digits, and units of production.

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1. The four steps involved in the capital budgeting evaluation process are:

2. The formula for computing the cash payback period is the initial investment divided by annual cash inflow.

3. The evaluation of the payback period is often related to the asset's expected useful life.

a. With this technique, the lower the payback period, the more attractive the investment.

b. This technique ignores both the expected value of the investment and the time value of money.

4. The net present value (NPV) method involves discounting cash flows to their present values and then comparing that present value with the capital outlay required by the investment. The difference between these two amounts is the net present value (NPV).

a. The discount rate used in discounting the future net cash flows is the required rate of return.

b. A proposal is acceptable when NPV is zero or positive.

c. The higher the positive NPV, the more attractive the investment.

5. When there are equal annual cash inflows, the table that should be used for discounting is the PV Annuity Factor.

6. When there are unequal annual cash inflows, the table that should be used for discounting the cash flow is the PV Discount Factor.

7. The discount rate (required rate of return) used by most companies is its Weighted Cost of Capital, that is, the rate that the company must pay to obtain funds from creditors and stockholders.

8. The net present value method demonstrated in the text requires the following three assumptions:

9. The interest rate that causes the present value of a proposed capital expenditure to equal the present value of the expected net annual cash inflows is called the Internal Rate of Return (IRR).

10. The IRR decision rule is: Accept the project when the internal rate of return is equal to or higher than the required rate of return, and reject the project when the internal rate of return is less than the required rate.

Some of the capital budgeting evaluation methods include:

These analysis techniques are widely employed to evaluate the economic viability and acceptability of capital projects.

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In response to the question Rents will rise, as will the number of available apartments.

What exactly does the term "rent" mean?

A periodic payment is made by a renter to the owner in exchange for access to the family's property. rent. 2 of 4 verb. : to start taking and hold property in exchange for rent. : to give ownership and use of in exchange for rent. The act defines the standard rent as the rent for which the premises have been rented for the very first time within a week of September 1, 1940.

What are the various types of rent?

In general, three types of rent can be distinguished, all of which can coexist: differential, scarcity, and entrepreneurship rent.

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This socially networked world will lead to connected users having more direct interactions with sellers.

Mobile marketing is a multi-channel on-line promoting technique centered at reaching a selected audience on their smartphones, feature phones, tablets, or the other connected devices through websites, e-mail, SMS and MMS, social media, or mobile applications.

Direct interaction means the agents and not the platform have management over the key- terms related to the interaction. Key-terms area unit, for example, pricing, terms and conditions, bundling, marketing, the choice within which thanks to deliver merchandise, or the extent and quality of the delivered service.

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The final raw material and finished goods inventories at the end of 2020 had the same production and sales percentages as those planned for 2020.

Each kilogramme of finished goods requires 3 kilogrammes of raw materials to manufacture. The estimated cost of raw materials is $4 per kilogramme.

Make a production budget for the six-month period ending June 30, 2021, broken down into quarters.

Sales units: 4,900 in the first quarter, 6,000 in the second, and 7,300 in the third quarter. Ending raw materials inventory: 40% of the following quarter's sales units. The following information for the six months ending June 30, 2023, was agreed upon by the Tamarisk Company budget committee on January 1, 2023: 1. Units of sales First . The Tamarisk Company budget committee agreed on the following on January 1, 2023.

information for the six months ended June 30, 2023:

First quarter: Starting inventory = 5,100 multiplied by 25%

Initial stock = 5,100 * 0.25

Starting stock is $1,275.

Desired final stock = 6,100

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B) a $1,000 credit to the Rent Expense. The organization's sales amount and sales revenue are subtracted from the term expenses.

The costs include both direct costs like wages and materials and indirect costs like maintenance, indirect labor, and many more.

Revenue from sales of goods and services before expenses are deducted is called sales revenue. It is typically calculated over a predetermined time frame, like a fiscal year or a quarter.

The price per unit is multiplied by the number of products or services sold to determine sales revenue.

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Full Question = The income statement for the month of June 2012 of Camera Obscura Enterprises contains the following information:

The entry to close the expense accounts includes a _____

a. debit to Income Summary for $1,800.

b. credit to Rent Expense for $1,000.

c. credit to Income Summary for $5,200.

d. debit to Wages Expenses for $3,000.

Revenues   $7,000

Expenses  

Salaries and Wages Expense $3,000

Rent Expense 1,000

Advertising Expense 800

Supplies Expense 300

Insurance Expense 100

Total expenses  5,200

Net Income $1,800

All of the following statements about financial statements prepared in accordance with a reporting framework generally accepted in another country and intended for use in the u.s. are true except, the auditor expresses an opinion on whether the financial statements are presented fairly within the framework of the U.S. Therefore, option (B) is the correct answer.

An auditor is a person qualified to examine financial documents, confirm their accuracy, and make sure businesses are following tax regulations. They defend firms from fraud, point out anomalies in accounting methods and, on occasion, operate on a consultation basis, assisting organisations to find ways to increase operational efficiency. Within various industries, auditors serve in a variety of roles.

Auditors evaluate financial operations and guarantee that businesses are managed effectively. They are responsible for following the cash flow of a business from start to finish and making sure that the money is correctly accounted for.

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Complete question:

All of the following statements about financial statements prepared in accordance with a reporting framework generally accepted in another country and intended for use in the u.s. are true except

A. The auditor should report using the U.S. form of report.

B. The auditor expresses an opinion on whether the financial statements are presented fairly within the framework of the U.S.

C. The report includes an emphasis-of-matter paragraph indicating that the framework differs from accounting principles generally accepted in the U.S.

D. The report includes an emphasis-of-matter paragraph identifying the reporting framework used in the preparation of the financial statements.

Promoting the brand's reputation online through favorable word-of-mouth deeper relationships between customer and a brand.

Digital advertising, usually referred to as online advertising, is a type of marketing that businesses use to advertise their brands, goods, and services on the internet. It entails activities on websites, social media platforms, blogs, applications, and other online communication platforms.As a result of the digital transformation, businesses now have a wider range of options for reaching their target audiences and the market as a whole.In this approach, everything that utilizes digital resources and platforms can be categorized as digital advertising.Being present exactly where the public is is the major objective.The process of a company migrating and adapting to the changes that society as a whole has undergone is known as digital advertising.

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(D) Perfectly negative correlation relationships has the potential to completely eliminate risk.

Association is what correlation refers to, although it is actually a measurement of how closely two variables are related. Three outcomes are achievable from a correlational study:

A relationship between two variables is said to have a positive correlation when both variables move in the same direction. Consequently, when one variable rises as the other rises, or when one variable falls while the other falls. The link between height and weight is a good example. Taller persons typically weigh more.

When there is a negative correlation between two variables, it means that when one variable rises, the other one falls. Height above sea level and temperature serve as an illustration of a negative link. It gets colder as you ascend the mountain (raise in height) (decrease in temperature).

When there is no correlation between two variables, it is called a zero correlation. For instance, there is no correlation between IQ level and the quantity of tea consumed.

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Organizational structure specifies the firm's formal reporting relationships, procedures, controls, authority, and decision-making processes.

Organizational structure is the internal, formal framework of a firm that demonstrates how management is arranged and connected together, as well as how power is transferred through the organization. The goal of organizational structure is to give managers detailed feedback on how effectively an organization and its people are doing and creating a competitive advantage.

The arrangement of resources at various levels according to their roles, levels of authority, and positions forms an organizational structure. It enables departments throughout a firm to communicate, plan, and collaborate in order to accomplish business objectives.

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Option a Accruals are an expensive way to finance working capital and c - If a company receives trade credit under terms 2/10, net 30, this implies the company has 10 days of free trade credit statements is most correct.

The simplest definition of trade credit is a contract to purchase products and/or services on account rather than making prompt cash or check payments. When favorable terms are negotiated with a company's supplier, trade credit can be a useful instrument for expanding firms. Materials can be purchased on trade credit without having to make an upfront payment. These credits show up in the buyer of goods's records as "sundry creditors" or "accounts payable." A record of sales or expenses that have been incurred but not yet been reflected in the company's financial accounts is known as an accrual.

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A journal entry is used to record a business transaction in the accounting records of a business. A journal entry is usually recorded in the general ledger; alternatively, it may be recorded in a subsidiary ledger that is then summarized and rolled forward into the general ledger.

Date                       Account Title & Explanation              Dr               Cr

01-04-2021               Dividend Payable                           $ 11,450

                                            Cash                                                       $11,450

Date                     Account Title & Explanation            Debit             Credit

01-04-2021            Machinery                                        $291,900

                             Accumulated Depreciation             $ 125,950          

                             Loss on disposal of machinery        S 11,840

                                Machinery                                                       $ 229,000

                                Cash                                                                $ 200,690

Workings Note:

45,800*3/12   =11450

114500+11450 = $ 125,950

291900-91210 =   $200,690

Acquisition of Property, Plant, and Equipment can be through purchase using cash, issuance of a liability, issuance of stocks, exchanging another company's asset, or other methods.

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The establishment of a stronger economic regulatory system during the Great Depression most closely reflected continuity with Efforts to restrict the excesses of corporations during the Progressive Era. option (C) is correct.

The term Economics is the study of scarcity and its inferences for the use of resources, manufacture of goods and services, growth of production and welfare over time, and a great diverseness of other complex issues of vital concern to society.

FDR created the economic New Deal as a response to the Great Depression. The current Social Security system was launched at that time. The system was put in place to support those in need and to pay retired people.

Therefore, The creation of a more robust system of economic regulation.

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When LIFO is used, an additional layer of inventory is created.

Most businesses with a significant amount of inventory, such as retailers, employ the LIFO method of valuation to take advantage of the tax benefit by adding the expenses of recent products manufactured or purchased at higher costs in the cost of goods sold.

The main reason businesses choose LIFO over FIFO is for the tax benefits. Tax liabilities, however, are also a possibility. The only true reason to implement LIFO is to avoid paying greater taxes, yet this results in generally reduced earnings, hence LIFO's benefits are also its drawbacks.

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The process of hiring, training, and motivating sales staff, coordinating sales department operations, and implementing a cohesive sales strategy that drives business revenues are all parts of sales management.

The three pillars of sales management are sales strategy, sales operations, and sales analysis. The creation of a strategy that enables your business to make a sale is the first step in the process of developing a sales strategy.

The product and how it gets to the customer are connected to sales management. Marketing management encompasses all activities, such as advertising, sales, research, customer satisfaction, after-sales service, etc., that facilitate the flow of goods to buyers.

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The given statement regarding the insurance plan is False.

A deductible is a feature that many insurance policies share. It functions essentially as a cost-sharing clause, requiring the insured to pay a set sum of money before the insurance company pays on a claim. The purpose of a deductible is to help ensure that people only use their insurance coverage for major or unexpected expenses, rather than for routine or minor expenses.

Deductibles can vary in amount, and they may apply to different types of coverage within a single insurance policy. For example, a health insurance policy may have separate deductibles for different types of medical services, such as hospital stays, prescription drugs, and outpatient care. Similarly, in the case of Jessica, the insurance company will not pay 100% of $500.

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As per the research analysis, the IRS uses an algorithm called the discriminant function that pulls historical data for the average amount and type of deductions related to income level and predicts the likelihood of underreported income.

What is meant by the Discriminant function?

In general term, Discriminant function is a statistical function that specifies the variables that discriminate between two or more inherently occurring groups.

Here we need to find the IRS has an algorithm called blank that pulls historical data for average amount and type of deductions related to income and predicts the likelihood of underreported income.

Here we know that it is also used to classify data based on their features, such as income level. And here we know that, IRS is the acronym for Internal Revenue Service.

Therefore, in this case, it is concluded that the correct answer is "discriminant function."

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Only when the economy is doing well can a bank run happen. - False

When several of a bank's customers make sizable deposits at once, a bank run happens. - False

When too many people withdraw too much from a bank at once, a bank run happens. - True

Bank runs are less frequent because to organizations like the Federal Deposit Insurance Corporation (fdic). - True

When several customers of a bank or other financial institution simultaneously withdraw their savings out of worry for the bank's stability, this is known as a bank run.

The likelihood of default rises as more people withdraw their money, which encourages additional people to do the same. Extreme circumstances may arise where the bank's reserves are insufficient to cover the withdrawals.

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According to the rational rule, what output and price should the firm in the following example choose quantity= 4; price= $7

The foundation of rational choice theory, an economics theory that holds that people always choose options that maximize their own value, is rational behavior. Given the options available, these choices offer consumers the greatest benefit or enjoyment.

The Rational Rule for Employers advises hiring more people if an increase in output is desired and wages are declining since the marginal revenue product is greater than (or equal to) the pay.

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The statement says that productive efficiency simply means that you were able to borrow money at a low rate to finance your business operations. It means nothing else. The correct answer is false.

A situation where an economy or economic system functioning within the limitations of present industrial technology is unable to enhance the output of one good without reducing the production of another is referred to as productive efficiency in microeconomic theory.

Analysts can use the following equation to calculate various levels of production efficiency:

The economy must be operating on its production possibility frontier in order for it to be productively efficient.

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Bonnie is most concerned about being able to buy additional insurance without undergoing medical exams. The riders  she should consider is Guaranteed insurability option. The correct answer is C.

Guaranteed Insurability is a feature that may be added to life and health insurance policies that allows the insured to purchase more coverage without having to submit to a physical examination such as medical exam or otherwise provide proof of their health.

You can increase the death benefit of your life insurance policy at a later date without getting a medical exam by using guaranteed insurability or guaranteed purchase option riders. A typical life insurance policy will pay a certain death benefit to one or more beneficiaries that you designate. Using riders, you can enhance or expand the coverage of your insurance policy.

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The classifications used to classify cash inflows and outflows in the cash flow statement include: operating activities, investing activities, and financing activities.

The net amount of cash and cash equivalents entering and leaving a business is referred to as cash flow. Inflows are represented by money received, and outflows are represented by money spent.

Cash flow is not a profit because it is the money going in and out of a business over a period of time, but  profit is what remains of earnings after deducting expenses.

Operating cash flow (OCF) is the lifeblood of a company and is arguably the most important barometer investors use to assess a company's health. While many investors are attracted to net income, operating cash flow is often viewed as a better measure of a company's financial health.

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Gather the background information, and determine the problem necessitating the proposal you should do before writing the report.

In technical words, a report is any description, oral or written, of the things touching a certain topic. This might be anything from a trial testimony to a third-grade book report. A report is a document that comprises all factual facts about an event or issue and covers all of the information linked to it. As a result, the person writing the report must ensure that all of the information supplied is supported by appropriate proof. Reports are divided into three categories based on their aim or motivation. The most prevalent sorts of reports are as follows: 1. Academic Reports: This report assesses the child's understanding. It determines whether the learner comprehended and understood the material.

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Work-in-process control XXX, materials control XXX, wages payable control XXX, and manufacturing overhead allocated XXX this entry reflects the original cost assignment of spoiled units before taking into account rework costs. Here option B is the correct answer.

Rework is different from spoiling in that it will be improved upon and sold at full price, whereas spoilage is viewed as faulty items and is sold at throw-away pricing. Rework and spoiling are notions that go hand in hand.

Normal spoilage is recorded as an expense when it is incurred in accounting, but abnormal spoilage is recorded as part of the standard cost of goods. This implies that the price of typical spoilage might be originally recorded as an asset and later charged to expenditure.

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The lower tax charge on net capital acquire applies in calculating both normal profits tax and the tentative minimal tax statements concerning capital gains and losses and the amt is correct.

Capital beneficial properties and losses are categorized as long term if the asset was once held for extra than one year, and short term if held for a yr or less. Short-term capital features are taxed as everyday income at charges up to 37 percent; long-term features are taxed at lower rates, up to 20 percent.

For example, in 2022, character filers might not pay any capital good points tax if their total taxable earnings is $41,675 or below. However, they will pay 15 percent on capital positive aspects if their profits is $41,676 to $459,750. Above that income level, the price jumps to 20 percent.

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PILMA does not have any individual members, and the pharmaceutical industry provides the majority of its funding. An astroturf organization is the best way to characterize it.

Astroturfing is the technique of concealing a message's or organization's financial backers (such as political, commercial, religious, or public relations organizations) to make it seem as though it was created and is supported by grassroots supporters.

Because the underside of Astroturf was so harsh, it led to several terrible injuries, particularly to the knees, and cut short or even ended many careers for many people. Astroturf fields eventually vanished as a result of the development of Field Turf, a softer and safer synthetic grass.

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At work, Graciella is voicing an argumentative grievance. Which of these phrases will help her achieve her objective the most? Due to income service, fax machine 223-51 has been inaccessible for 25 of our employees to accomplish critical business for the previous two weeks. Please make sure that our machinery is fixed by Friday.

The most persuasive communications are those that closely match audience motives, which are the factors that push people to meet their wants. Understanding the audience's reluctance and dealing with it directly rather than ignoring it or making light of it is one aspect of this.

To effectively express your thoughts, preparation is necessary. be prepared for pushback on the request. pique the interest and attention of the reader. Because it works, the AIDA method is used by skilled marketers and salespeople in their sales letters.

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The best response if the salesperson asked you for feedback related to the goal is c. That sounds like an ineffective goal because it is not specific.

A response is a reaction or answer to something. For example, if someone asks you a question or makes a statement, your response is what you say or do in response to that question or statement. It is important for goals to be specific so that they can be measured and tracked. If a goal is not specific, it is difficult to know exactly what needs to be done to achieve it and to determine whether or not it has been achieved. A more effective goal might be something like "Increase sales by 10% by the end of the month by targeting new potential customers and implementing a new marketing campaign." This goal is specific and includes specific actions that can be taken to achieve it.

The missing part in the question is shown below.

Suppose a salesperson tells you that one of his/her goals is to increase sales by the end of the month. Which of the following is probably your best response if the salesperson asked you for feedback related to the goal?

a. That sounds like an effective goal, provided increasing sales is challenging to you.

b. That sounds like an ineffective goal because increasing sales is not realistic.

c. That sounds like an ineffective goal because it is not specific.

d. That sounds like an effective goal given that you've include a time frame.

e. None of the above is accurate.

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