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Irina-Kira [14]
2 years ago
8

Decision Point: Your Second Meeting: Furniture Assembling of wooden table with screwdriver Your next client is a retailer of rea

dy-to-assemble furniture. He’s sent you the following report: Easy Lifestyle Furniture Popular ready-to-assemble bedroom, living room, and office furniture. Three store locations in the state as well as online sales. Product line has been on the market for 2 years. Sales are steady, but untapped sales potential exists. Heavy marketing efforts have already taken place. Pricing is at or near market prices for competitors’ products. What should you recommend to increase sales? Select an option from the choices below and click Submit.
Business
1 answer:
drek231 [11]2 years ago
4 0

Answer:

Increase sales force need and commence prospecting

Explanation:

With scenarios like existence in market for over two years, existence of untapped potentials in the sales unit, and a great marketing opportunity that abound with moderate pricing, such furniture business only requires to immediate prospecting to potential client whose needs are in tune with their furniture products and establish a proposal. Also, the sales force should practice the lead approach in their prospecting such that every discussion with an initial prospect should generate lead to three other persons. With this process and a fair market price in a competitive market, coupled with product quality will yield the expected turnover after a projected period.

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Reporting Financial Statement Effects of Bond Transactions Lundholm, Inc., which reports financial statements each December 31,
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Answer:

                            Lundholm, Inc

                            Journal Entries

Date          Account Titles                   Debit          Credit

May 1, 18   Cash                                $500,000

                       Bonds payable                               $500,000

                 (To record the bond issuance)                  

31 Oct, 18  Interest Expenses           $22,500

                 (500000*9%*6/12)

                         Cash                                               $22,500

                 (To record payment of the first semiannual period’s interest)

Nov 1, 19  Bonds payable                  $300,000

                Loss on Bonds                  $3,000

                          Cash                                                $303,000

                 (To record retirement the bonds at 101 on November 1, 2019)

8 0
2 years ago
Tenet Engineering, Inc. operates two user divisions as separate cost objects. To determine the costs of each division, the compa
skad [1K]

Answer:

$136,190

Explanation:

The computation of computer cost allocated to Division B is shown below:-

Computer cost allocated to Division B = Computer service cost × Computer time of Division B ÷ Total computer time.

= $260,000 × 220 ÷ (200 + 220)

= $260,000 × 220 ÷ 420

= $260,000 × 0.5238

= $136,190

Therefore for computing the computer cost allocated to Division B we simply applied the above formula.

5 0
2 years ago
On October 31, 2021, the bank statement for the checking account of Blockwood Video shows a balance of $12,818, while the compan
pickupchik [31]

Answer:

Explanation:

Bal as per cash book. $12,326

Add:

outstanding chq. $1,225

Overstated expenses. $27

Unknown credit. $566

Less:

Uncredited cash. $780

Direct debit. $449

Bank charges $23

Bank charge. $74

Bal in bank statement. $12,818

5 0
2 years ago
Suppose a certain competitive firm is producing Q=500 units of output. The marginal cost of the 500th unit is $17, and the avera
kondor19780726 [428]

Answer:

$3,997

Explanation:

As we know that

Total profit = Total revenue - total cost

where,

Total revenue =  Output sells for × quantity sold

                        = $20 × 499 units

                        = $9,980

And, the total cost is

= Total cost at 500 units - marginal cost of the 500th unit

= 500 units × $12 - $17

= $6,000 - $17

= $5,983

So, the total profit is

= $9,980 - $5,983

= $3,997

8 0
2 years ago
Which of the following statement(s) is(are) true regarding the variance of a portfolio of two risky securities? I) The higher th
andre [41]

Answer:

The degree to which the portfolio variance is reduced depends on the degree of correlation between securities is the correct answer.

Explanation:

3 0
2 years ago
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