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PilotLPTM [1.2K]
2 years ago
5

At a busy meeting of the international sprout growers, you want to make contact with as many people as possible. luckily, you re

member the eight-minute rule and the importance of
A. keeping your pitch under ten minutes.
B. spending only a brief time with each contact.
C. handing out your business cards quickly.
D. eliminating contacts within minutes.
Business
1 answer:
pav-90 [236]2 years ago
6 0
The correct option is B.
The eight minute rule is put in place to improve efficiency and productivity. In a busy meeting, where one is meeting a lot of new people that one will like to interact with, this rule demands that one should only spend only a few minute with each person.
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Swiss Clothing Store had a balance in the Accounts Receivable account of $820,000 at the beginning of the year and a balance of
salantis [7]

Answer:

B. 9.0 times.

Explanation:

Accounts Receivable Turnover (ART) = Net credit sales/ Average accounts receivable

Net credit sales = <em>$7,200,000</em>

Average accounts receivable  = (beginning AR - ending AR) /2

Average Accounts receivable = ($820,000 + $780,000)/2

Average AR = <em>$800,000</em>

Therefore Accounts receivable turnover = $7,200,000/800,000 = 9.0 times

4 0
2 years ago
U.S. company buys inventory from a supplier in Canada and pays for the inventory in Canadian dollars (C$). The inventory is conv
nataly862011 [7]

Answer:

A. The rate when the inventory was paid for

Explanation:

The U.S. company should register the inventory purchase in their balance sheet using the $/C$ exchange rate at that date the inventory was paid for since that would represent the actual monetary value spent on inventory. The rate is subject to change and, therefore, using the exchange rate at the time of delivery, sale or at the balance sheet date, could incorrectly represent the company's inventory expenses.

6 0
1 year ago
Mercury Inc. purchased equipment in 2019 at a cost of $400,000. The equipment was expected to produce 700,000 units over the nex
Wittaler [7]

Answer:

See explanation section

Explanation:

We know,

Annual depreciation rate under Units-of-production = Depreciable amount/Overall (expected) production

Given,

Purchase value = $400,000

Residual value = $50,000

Expected production = 700,000 units

Depreciable Amount = $(400,000 - 50,000) = $350,000

Annual depreciation rate = $350,000/700,000

Depreciation rate = $0.50

Thrrefore, Accumulated depreciation from 2019 to 2021 = (100,000 + 160,000 + 80,000)*$0.50

= $170,000

We know, Book value of asset = Cost price - Accumulated depreciation

Book value = $400,000 - $170,000 = $230,000

Again, Loss on sale of equipment = Book value - Sales price

Loss on sale of equipment = $230,000 - $210,000

Loss on sale of equipment = $20,000

The journal entry to record the sale =

Debit Cash $210,000

Debit Accumulated Depreciation $170,000

Debit Loss on sale $20,000

Credit Equipment $400,000

7 0
2 years ago
Read 2 more answers
Last year, Webster Farms had annual revenue of $87,200, depreciation of $11,600, cost of goods sold of $54,700, and administrati
Phoenix [80]

Answer:

Operating cash flow = $21,554

Explanation:

Operating cash flow, will include all operating expenses and revenues which have a cash effect.

Annual revenue = $87,200

Less: Cost of goods sold = $54,700

Gross Profit = $32,500

Less: Administrative Expense = $8,300

Less: Income Tax = $2,646

Operating cash flow = $21,554

Note: Since depreciation is a non cash expense it will not b considered.

6 0
1 year ago
The Quarter Burger is a hamburger sold by the international fast-food chain Sammy's Burgers. It was given the name because it co
timama [110]

Sammy's quarter-pound burger is positioned by: price-quality

<u>Explanation:</u>

The price-quality way of positioning practices the similarity within price and quality before-mentioned that it optimally values a commodity according to the feature of the commodity to retain the commodity hovering in the customer's perception. Pricing does not necessitate to be huge for more leading positioning.

Marketers frequently do price/ quality properties to locate their trademarks. Although the price is an essential factor, the commodity quality must be tantamount to, or indeed more reliable than, fighting trademarks for the positioning strategy to be active.

8 0
2 years ago
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