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Ludmilka [50]
2 years ago
14

Which of the following statements is the most accurate? Group of answer choices a. Closing is the final and most important step

in the selling process. b. Once a sales presentation is completed, the salesperson should attempt to close as quickly as possible before the customer expresses any doubts or concerns. c. Closing may involve getting the customer to agree to a trial close. d. If the salesperson has done a good job of qualifying prospects and has developed a strong presentation, then closing is the easiest step in the selling process.
Business
1 answer:
givi [52]2 years ago
6 0

Answer:

A. Closing is the final and most important step in the selling process.

Yes, it is very accurate statement, closing is the final and most important step in the selling process. This is the step which leads towards the results and actual sale number. Here salesperson has to close the selling process very effectively, he or she should try to close it by taking a certain yes from the customer. This step should involve getting the customer to agree to a trial use of the product or brand,

B. Once a sales presentation is completed, the salesperson should attempt to close as quickly as possible before the customer expresses any doubts or concerns.

No its not that much true and accurate statement because sale person should try to do the presentation part of the selling process quite efficiently, and comprehensively, he or she should try to tick all the boxes. He or she should explain each and every thing about the product in very much detail so customer can understand why he or she should buy that product or brand.

C. Closing may involve getting the customer to agree to a trial close.

Yes, this statement is very much true and accurate because closing is the last and one of the important step of the selling process, this is the step which leads towards the results and actual sale number. Here, salesperson is required to close the selling process very effectively, he or she should try to close it by taking a certain yes from the customer. Sale person should persuade the customer for buying a smaller packaging of product or the customer should be persuaded to take the trial package or promotion packaging of a brand so he or she could actually use the product then the chances will be higher to make him or her a regular customer.

D. If the salesperson has done a good job of qualifying prospects and has developed a strong presentation, then closing is the easiest step in the selling process.

Yes, this statement is very much accurate. As qualifying prospect is the very first and initial step of selling process. If sale person succeeds in identifying the most right customer for their brand then the rest of the process becomes very much easy to generate an actual sale. Afterwards, if the detailed and comprehensive presentation is given to the presentation by realizing the customer that why he or she needs to buy this particular brand, then the last step closing becomes so much easy and chances are very much higher that the customer will give a positive response and buy the product.

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For each of the following transactions for the Sky Blue Corporation, prepare the adjusting journal entries required on October 3
alexandr1967 [171]

Answer:

(a) Debit Deferred revenue   $800

    Credit Revenue                 $800

    Being entries to recognize revenue earned as at October 31.

(b)  Debit Insurance expense   $400

     Credit Prepaid Insurance    $400

     Being entries to record insurance expense incurred as at October 31.

(c) Debit Depreciation expense  $400

    Credit Accumulated depreciation  $400

    Being entries to record depreciation expense on machine as at October 31

Explanation:

Adjusting entries are required when transactions have occurred but are yet to be properly accounted for in the company's books.

(a) Cash collected in advance results in the debit in cash account and a credit to deferred revenue. When the revenue is earned, it is recognized by crediting revenue and debiting deferred revenue with the amount earned.

As at October 31, amount earned

= 1/3 × $2,400

= $800

Entries required

Debit Deferred revenue   $800

Credit Revenue                 $800

Being entries to recognize revenue earned as at October 31.

(b) For amount paid in advance, the expense is recorded when incurred by debiting the expense account and crediting prepaid account to reduce the amount prepaid.

Expense incurred as at October 31

= 1/3 × $1,200

= $400

Entries required

Debit Insurance expense   $400

Credit Prepaid Insurance    $400

Being entries to record insurance expense incurred as at October 31.

(c) Depreciation expense is recognized as the fixed asset is used by debiting the expense account and crediting the accumulated depreciation account.

Since the annual depreciation is $4,800

Monthly depreciation = 1/12 × $4800

= $400

Entries required

Debit Depreciation expense  $400

Credit Accumulated depreciation  $400

Being entries to record depreciation expense on machine as at October 31

4 0
2 years ago
The Walking Dead Co. provides services on-account and in exchange for cash. All general ledger accounts are adjusted monthly. Fo
dolphi86 [110]

Answer:

See below

Explanation:

Given that,

Accounts receivables :

Beginning balance 1 September = $22,400

Services on account = $45,000

Cash collected = $34,400

Written off accounts = $2,000

Allowance for doubtful accounts:

Beginning balance 1 September = $4,400

Adjusted balance for Allowance for doubtful accounts on 30th September

= Beginning balance 1 September - Written off accounts + Bad debt expense

= $4,400 + $2,000 + ($45,000 × 8%)

= $4,400 + $2,000 + $3,600

= $6,000

6 0
2 years ago
Looking to increase the profits of his lemonade stand, Johann doubled the price of a cup of lemonade from 25 cents to 50 cents.
hjlf

Answer:

<u>1. Johann is looking to double the profits of his lemonade stand</u>

Explanation:

Note that Johann was<em> still making m</em>oney from lemonade stand but was not content with the profits he was making that was his argument or reason for increasing the price of a cup of lemonade from 25 cents to 50 cents.

<em>Without having forsight</em> Johann's decision eventually resulted in him selling fewer cups at the new price and therefore making less money than before.

7 0
2 years ago
For her homework, Annie has added the picture of a fruit in a document. She wants to enhance it to give a cut-out look. Which fe
Alona [7]

Answer:

Obvious answer could be clip art since it’s a small part of something bigger. It could also be shapes but if she wants it to actually look like fruit then she’d use clip art. (Four years of digital design)

Explanation:

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Which of the following correctly describes a repurchase agreement? The sale of a security with a commitment to repurchase the sa
Morgarella [4.7K]

Answer:

The correct answer is A: The sale of a security with a commitment to repurchase the same security at a specified future date and a designated price

Explanation:

A repurchase agreement (Repo) is a short term agreement between two parties in which one party sells the other party security (usually government securities) a<u>t a price with an agreement to repurchase the exact same security at a fixed time and price.</u> The maturity for a repurchase agreement can be from overnight to a year. The

Repurchase agreements are generally considered safe investments because the security in question functions as collateral, which is why most agreements involve U.S. Treasury bonds. The transaction allows the dealer to raise short term capital. It is a short term money market instrument in which two parties agree to buy or sell a security at a future date.

3 0
2 years ago
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