BUSINESS COLLEGE

A buyer who needs a significant amount of trust with the seller is looking for a(n) _____. a. Transactional relationship b. Strategic partnership c. Joint venture d. Functional relationship e. Affiliative selling relationship

Answers

Answer 1
Answer:

Answer:

e. Affiliative selling relationship

Explanation:

In an affiliative selling relationship, the buyer needs the information related to the product which helps the buyer to buy the product. The buyer trust on the seller with a view to satisfy his expectations

This relationship fully depends upon the trust which results in the best purchasing decision.

By maintaining the trust, the seller increase its sales which helps him to achieve its sales target

Related Questions

The Packaging Department started the month with 900 units in​ process, received 1 comma 600 units from the Finishing​ Department, and transferred 1 comma 900 units to Finished Goods. Direct materials are added at the beginning of the process and conversion costs are incurred evenly. The units still in process at the end of the month are 55​% complete for conversion costs. Calculate the number of units still in process at the end of the month and the equivalent units of production. The company uses the​ weighted-average method. Production Cost Report - Packaging Department
Rayya Co. purchases a machine for $159,600 on January 1, 2019. Straight-line depreciation is taken each year for four years assuming a eight-year life and no salvage value. The machine is sold on July 1, 2023, during its fifth year of service.Prepare entries to record the partial year’s depreciation on July 1, 2023, and to record the sale under each seperate situation. (1) The machine is sold for $79,800 cash. (2) The machine is sold for $67,032 cash.
Widgets, Inc., based in the United States, makes small parts for the auto industry. Over the past couple of years, Widgets has laid off many workers due to auto industry outsourcing. The federal government has imposed tariffs to discourage outsourcing. This is called
Question 2 Pluto has $100 to spend and his preferences are represented by the quasi-linear utility function U (2,m) = 10x-1/2x^2+m where x is the amount of pizza he eats and m is the amount of money he spends on other stuff. (a) What is Pluto's demand curve for pizza? (b) How much consumer surplus does Pluto get when the price of pizza is $5? Illustrate the calculation of consumer surplus with a diagram. (b) What is Pluto's utility if the price of pizza is $5? (c) Suppose that Pluto is uanble to purchase pizza. What is his utility? What is the gain in utility when he has the opportunity to buy pizza at a price of $5?
Robert House believed that a leader cannot move back and forth among the four leadership styles: directive, supportive, achievement-oriented, and participative. a) True b) False

In the Month of March, Baldwin received orders of 113 units at a price of $15.00 for their product Bell. Baldwin uses the accrual method of accounting and offers 30 day credit terms. Baldwin delivers 113 units in April. They received payment for 57 units in March, and 57 units in April. In the March income statement, how much revenue is recognized on the March income statement from this order?

Answers

Answer:

Zero

Explanation:

Under the accrual method, revenue is recognized once the recognition criteria is met. These includes;

  • the goods have been delivered or the service rendered
  • the affiliated cost for such revenue can be reliably measured

When revenue is earned but cash is yet to be received,

Debit Accounts receivable

Credit Revenue account

When cash is received,

Debit Cash account  

Credit Accounts receivable.

Since the items were delivered in April, any amount received as revenue in March will be deferred. As such, no revenue will be recognized in the income statement for March.

If a purchasing agent must put up a cash deposit for construction services, for security purposes, instead of giving it directly to the contractor, he or she may insist that it be placed in a(n):

Answers

Answer:

Escrow account

Explanation:

An escrow account is a type of account in which a third party helds a certain amount of money while two parties complete a transaction. This is used to protect people from fraud when they are involve in transactions like purchasing a house as both parties can trust that the money is safe and the third party only provides the funds when they agree with everything and are happy with the results.

According to this, the answer is that if a purchasing agent must put up a cash deposit for construction services, for security purposes, instead of giving it directly to the contractor, he or she may insist that it be placed in an escrow account because the money would be safe and it would be maintained by a third party that will provide the funds when the services are complete.

At the beginning of the period, the Fabricating Department budgeted direct labor of $51,000 and equipment depreciation of $59,000 for 3,400 hours of production. The department actually completed 4,100 hours of production. Determine the budget for the department, assuming that it uses flexible budgeting. $

Answers

Answer:

=  $120,500.00

Explanation:

Flexible budget is that which  is that which recognizes the cost behavior and is used for control purpose. It is prepared based on the actual level of activity achieved.

Kindly note that the $59,000 depreciation is a fixed cost which do not vary with the hours of production.

The flexible budget for the department will be

Direct Labour budget = ( 51000/3400) × 4,100

                         =  $61,500.00

Equipment depreciation= $59,000

Total flexible budget = $61,500.00 + $59,000

                                   =  $120,500.00

Treynor Pie Company is a food company specializing in high-calorie snack foods. It is seeking to diversify its food business and lower its risks. It is examining three companies—a gourmet restaurant chain, a baby food company, and a nutritional products firm. Each of these companies can be bought at the same multiple of earnings. The following represents information about all the companies. Company Correlation with Treynor Pie Company Sales ($ millions) Expected Earnings ($ millions) Standard Deviation in Earnings ($ millions) Treynor PieCompany + 1.0 $ 170 $ 8 $ 2.0 Gourmet restaurant + .4 64 8 1.3 Baby food company + .4 53 5 1.8 Nutritionalproducts company − .7 71 6 3.6 a-1. Compute the coefficient of variation for each of the four companies

Answers

Answer:

The coefficient of variation for each of the four companies is:

- Treynor Pie Company = 0.25  (2/8)

- Gourmet restaurant = 0.16  (1.3/8)

- Baby food Company = 0.36  (1.8/5)

- Nutritional products Company = 0.16 (1/6)

Explanation:

In finance, the coefficient of variation is a statistical measure that represents the ratio of the standard deviation and the mean of a data series related to the return on investment. It allows investors to determine how much volatility, or risk, is assumed in comparison to the amount of return expected from investments. The lower the ratio of the standard deviation to mean return, the better risk-return trade-off.

Formula:  CV=σ/μ

Where:  

σ = standard deviation

μ = mean

BluStar Company has two service departments, Administration and Accounting, and two operating departments, Domestic and International. Administration costs are allocated on the basis of employees, and Accounting costs are allocated on the basis of number of transactions. A summary of BluStar operations follows: Administration Accounting Domestic International
Employees – 29 40 31
Transactions 38,000 – 19,000 76,000
Department direct costs $ 350,000 $ 147,000 $ 950,000 $ 3,750,000

Allocate the cost of the service departments to the operating departments using the direct method.

Answers

Answer:

Administration Cost Allocated To Domestic is $197,183.

Administration Cost Allocated To International is $152,817.

Accounting Cost Allocated To Domestic is $29,400.

Accounting Cost Allocated To International is $117,600.

Explanation:

The Direct Method used for allocating Services Departments Cost to Operating Departments ignores the services used by service departments and allocate costs just to operating departments based on each department's consumption of allocation base. So, the costs of Administration and Accounting departments will be allocated to Domestic and International Departments.

Allocation of Administration Department Cost:

Domestic

Direct Cost of Administration * (No. of Employees in Domestic / Total No. of Employee in Operating Departments)

⇒ 350,000 * (40 / 71) = $197,183.

International

Administration Cost Allocated = 350,000 * (31 / 71) = $152,817.

Allocation of Accounting Department Cost:

Domestic

Direct Cost of Accounting * (No. of Transactions in Domestic / Total No. of Transactions in Operating Departments)

⇒ 147,000 * (19,000 / 95,000) = $29,400.

International

Accounting Cost Allocated = 147,000 * (76,000 / 95,000) = $117,600.

A plant asset cost $96,000 and is estimated to have a $12,000 salvage value at the end of its 8-year useful life. The annual depreciation expense recorded for the third year using the double-declining-balance method would be a. $8,040.
b. $13,500.
c. $11,812.
d. $9,190.

Answers

Answer:

option (b) $13,500

Explanation:

Data provided in the question:

Cost of the plant asset = $96,0003

Salvage value = $12,000

Useful life = 8 years

Now,

using the double-declining-balance method

Depreciation rate = 2*\frac{\textup{1}}{\textup{Useful life}}

or

Depreciation rate = 2*\frac{\textup{1}}{\textup{8}}

or

Depreciation rate = 0.25 or 25%

Thus,

For year 1

Depreciation expense = Depreciation rate × year book value

= 0.25 × $96,000

= $24,000

Book value for year 2 = $96,000 - $24,000 = $72,000

For year 2

Depreciation expense = Depreciation rate × year 2 book value

= 0.25 × $72,000

= $18,000

Book value for year 3 = $72,000 - $18,000 = $54,000

For year 3

Depreciation expense = Depreciation rate × year 3 book value

= 0.25 × $54,000

= $13,500

Hence,

The correct answer is option (b) $13,500
Other Questions
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At the end of the current year, Accounts Receivable has a balance of $4,375,000; Allowance for Doubtful Accounts has a debit balance of $21,300; and sales for the year total $102,480,000. Bad debt expense is estimated at 1/4 of 1% of sales. a. Determine the amount of the adjusting entry for uncollectible accounts.