Tim thinks his buyers are ready to make an offer. He asks, “Which one of the children gets the basement bedroom with the private entrance?” What kind of closing technique is Tim using?

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Answer 1

Answer: I think he es using the assumptive close

Related Questions

What are the tools of macroeconomic policy?
A labor contract provides for a first-year wage of $10 per hour, and specifies that the real wage will rise by 3 percent in the second year of the contract. The CPI is 1.00 in the first year and 1.07 in the second year. What dollar wage must be paid in the second year?
The money lost by not working is called
Richards Corporation uses the weighted-average method of process costing. The following information is available for October in its Fabricating Department: Units: Beginning Inventory: 86,000 units, 70% complete as to materials and 25% complete as to conversion. Units started and completed: 262,000. Units completed and transferred out: 348,000. Ending Inventory: 33,000 units, 40% complete as to materials and 10% complete as to conversion. Costs: Costs in beginning Work in Process - Direct Materials: $37,200. Costs in beginning Work in Process - Conversion: $79,700. Costs incurred in October - Direct Materials: $646,800. Costs incurred in October - Conversion: $919,300. Calculate the equivalent units of conversion.
Tri-bikes manufactures two different levels of bicycles: the Standard and the Extreme. The total overhead of $300,000 has traditionally been allocated by direct labor hours, with 150,000 hours for the Standard and 50,000 hours for the Extreme.After analyzing and assigning costs to two cost pools, it was determined that machine hours is estimated to have $200,000 of overhead, with 4,000 hours used on the Standard product and 1,000 hours used on the Extreme product.It was also estimated that the setup cost pool would have $100,000 of overhead, with 1,000 hours for the Standard and 1,500 hours for the Extreme.A. What is the overhead rate per product under Traditional costing?What is the overhead rate under Absorption Costing for:B. The machine pool overhead rateC. The setup pool overhead rate

The following work-in-process inventory information is provided for a company: All direct materials are added at the beginning of the production process. Beginning inventory is 70% complete for conversion, and ending inventory is 40% complete for conversion. Units 8,000 Direct Materials Costs $11,000 $74,000 Conversion Costs $29,000 $161,000 Beginning work in process Cost added Ending work in process Units completed/transferred 12,000 33,000 What is the total production cost of the ending work in process using weighted average process costing?

Answers

Answer:

$24129.6

Explanation:

Calculation:

Equivalent units in ending work in process inventory for conversion = 33000+(12000*0.4) = 37800

Cost per equivalent unit (conversion) = 29000+161000/ (37800) = 5. 027

Total production cost of ending inventory = 24129.6

We calculate the equivalent units of production by adding the units transferred and completed, and the equivalent units in the ending inventory, so the equivalent units in ending work in process inventory for conversion becomes 37800.

Then we add the cost of beginning work-in-process for conversion and costs added during the production period for conversion and divide it by equivalent units in in ending work in process inventory for conversion.

After that, we get per unit cost which is then multiplied by the equivalent units in conversion to get total production costs.

Since, the all direct material costs are added in the beginning of the process,we don’t include in the other periods.

A university spent $1.3 million to install solar panels atop a parking garage. These panels will have a capacity of 200 kilowatts (kW) and have a life expectancy of 20 years. Suppose that the discount rate is 30%, that electricity can be purchased at $0.30 per kilowatt-hour (kWh), and that the marginal cost of electricity production using the solar panels is zero.Hint: It may be easier to think of the present value of operating the solar panels for 1 hour per year first.
Approximately how many hours per year will the solar panels need to operate to enable this project to break even?

Answers

Answer:

It will take 6,534.31 hours per year for the solar panels to operate to enable this project to break even

Explanation:

Discount rate = 30% = 0.3

Looking at one hour of operation in each year = 200 kW x $0.30 Kw/hr

= $60 value of electricity per year

Compound interest factor for a discount rate of 30% = 3.3158

(taken from compound interest factor table or computed using formula ∑1/(1+r)^t , where r = 30%, and t = 1 to 30)

Present value of operating the solar panels for 1 hour per year = 60 × 3.3158 = $ 198.95

For break even it would need to run = 1.3 million ÷ 198.95

= 6,534.31 hours per year

The solar panels need to operate for approximately 236,364 hours per year to enable this project to break even.

To determine the number of hours per year the solar panels need to operate to break even, we can calculate the present value of operating the solar panels for 1 hour per year over the 20-year lifespan of the panels.

The annual operating cost is $0.30 per kWh, and the capacity of the solar panels is 200 kW. So, for each hour of operation, the cost is:

Cost per hour = 200 kW * $0.30/kWh = $60

Now, we'll calculate the present value of this cost over 20 years at a 30% discount rate:

PV Cost = $60 / $(1 + 0.30)^20$ ≈ $5.50

The university spent $1.3 million upfront to install the panels. To break even, the present value of operating the panels should cover this cost:

$1,300,000 = $5.50 * X

Where X is the number of hours per year the panels need to operate. Solving for X:

X ≈ $1,300,000 / $5.50 ≈ 236,364 hours per year.

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Gilberto Company currently manufactures 65,000 units per year of one of its crucial parts. Variable costs are $1.95 per unit, fixed costs related to making this part are $75,000 per year, and allocated fixed costs are $62,000 per year. Allocated fixed costs are unavoidable whether the company makes or buys the part. Gilberto is considering buying the part from a supplier for a quoted price of $3.25 per unit guaranteed for a three-year period. Calculate the total incremental cost of making 65,000 and buying 65,000 units. Should the company continue to manufacture the part, or should it buy the part from the outside supplier?

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Answer:

Incremental cost of buying the component = $69,500

Therefore the component shall be make in the company and shall not be bought from outside.

Explanation:

Provided the cost in case of manufacturing

65,000 units

Variable Cost = $1.95 $*$ 65,000 = $126,750

Fixed Cost = $75,000

Total cost of making the product = $126,750 + $75,000 = $201,750

Total cost in case of buying the product

Price to be paid = $3.25 $*$ 65,000 = $211,250

Also the fixed cost of $60,000 will be incurred in any manner and is not avoidable.

In that case total cost of buying the product = $211,250 + $60,000 = $271,250

Incremental cost of buying the component = $271,250 - $201,750 = $69,500

Therefore the component shall be make in the company and shall not be bought from outside.

Final answer:

If Gilberto Company purchases the part externally, it will incur an extra cost of $12,750. Therefore, it is more cost-effective for the company to continue manufacturing the part in-house.

Explanation:

The first step is to calculate the total cost of producing 65,000 units in-house and the total cost of buying 65,000 units externally.

For in-house production: The cost is the sum of variable costs, fixed costs, and allocated costs, yielding: (65,000 units * $1.95/unit) + $75,000 + $62,000 = $198,500

For external purchasing: the total cost is simply 65,000 units * $3.25/unit = $211,250.

We subtract the in-house cost from the external purchasing cost to obtain the incremental cost: $211,250 - $198,500 = $12,750. Therefore, it costs an incremental $12,750 to buy 65,000 units externally compared to making them in-house. Considering the cost-effectiveness, Gilberto Company should continue to manufacture the parts in-house rather than buying them from the external supplier.

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For each of the following entities, identify if the entity would be governed by GASB standards by selecting a "G", FASB standards by selecting an "F", or FASAB standards by selecting an "FB". (Hint: Search the website of the entity listed if you are unsure.)1. Your university
2. Department of Defense
3. American Institute of Certified Public Accountants
4. The county in which you live
5. Internal Revenue Service
6. Mayo Clinic
7. New York City
8. American Cancer Society
9. Metropolitan Washington Airports Authority (operates the Washingtorn, DC, airports)
10.The Metropolitan Museum of Art, New York City

Answers

Answer:

1. Your university: F

2. Department of Defense: FB

3. American Institute of Certified Public Accountants: F

4. The county in which you live: G

5. Internal Revenue Service: FB

6. Mayo Clinic: F

7. New York City: G

8. American Cancer Society: F

9. Metropolitan Washington Airports Authority (operates the Washingtorn, DC, airports): G

10.The Metropolitan Museum of Art, New York City: F

Explanation:

GASB is an acronym for Government Accounting Standards Board (GASB) and it's mainly a private, non-governmental organization (NGO) that is saddled with the responsibility of developing and creating reporting standards used in accounting such as the Generally Accepted Accounting Principles (GAAP) for local and state government in the United States of America since 1984.

FASB is an acronym for Financial Accounting Standards Board (FASB) and it's an autonomous non-profit agency which through the use of Generally Accepted Accounting Principles (GAAP), is saddled with the responsibility of establishing and maintaining accounting and financial reporting standards for all firms, business enterprises, and as well as nonprofit organizations doing business in the United States of America. It has its headquarter in Norwalk, Connecticut, United States and was founded in 1973.

FASAB is an acronym for Federal Accounting Standards Board (FASAB) and it's a federal advisory committee which is solely responsible for the development of accounting standards for government agencies in the United States of America. It also is responsible for setting the Generally Accepted Accounting Principles (GAAP).

It has its headquarter in Washington DC and was founded in October 1990.

Final answer:

The universities, counties, cities and similar entities follow GASB standards. Nonprofit organizations like the Mayo Clinic and American Cancer Society adhere to FASB standards. Federal entities like the Department of Defense and Internal Revenue Service follow FASAB standards.

Explanation:

The entities will be governed by the following accounting standards:

Your university would be governed by the GASB (GASB for Governmental Accounting Standards Board).
The Department of Defense would follow the FASB (FASB for Federal Accounting Standards Board).
The American Institute of Certified Public Accountants would follow the FASB (F for Financial Accounting Standards Board).
The county in which you live would be governed by the GASB.
The Internal Revenue Service would adhere to the standards of the FASB.
The Mayo Clinic, as a nonprofit hospital, would follow standards set by the FASB.
New York City would follow the rules of the GASB.
The American Cancer Society as a nonprofit organization would follow the FASB.
The Metropolitan Washington Airports Authority would adhere to the rules of the GASB.
The Metropolitan Museum of Art in New York City, a nonprofit organization, would be governed by FASB standards.

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Rapid prototyping could be an advantageous methodology for developing innovative computer-based instruction. Software engineers have been successful in designing applications by using rapid prototyping. So it also could be an efficient way to do instructional design.

Answers

Answer:

Yes Rapid prototyping can be an efficient way to do instructional design. Rapid prototyping is an instructional design approach which combines design, developmental and evaluation process. it is also a non-linear approach.

Explanation:

As a non linear approach, Rapid prototyping produces a sample working model that is a scaled-down representative version of the whole course. Rapid prototyping can be seen as an alternate approach to the traditional instructional design.

Instructional design is defined as the systematic approach to the development of instruction through the use of analysis, design, development, implementation and Evaluation. Designers can make use of Rapid prototyping or rapid instructional design when they face these factores; Time, budget and Environmental restraints.

Rapid prototyping is a very practical model for blended learning development, especially when only one person is involved. Rapid prototyping allows for learning as even the instructional designer is learning too.

The McKnight Company expects sales in 2015 of 208 comma 000 units of serving trays. McKnight's beginning inventory for 2015 is 18 comma 000 trays, and its target ending inventory is 27 comma 000 trays. Compute the number of trays budgeted for production in 2015. Select the labels and enter the amounts to calculate the units of finished goods (trays) to be produced. Budgeted unit sales 208,000 Add target ending finished goods inventory 27,000 Total required units Deduct beginning finished goods inventory –18,000 Units of finished goods to be produced

Answers

Answer:

units required to be produced 217,000

Explanation:

expected sales for the period 208,000

desired ending inventory 27,000

total units required 235,000

beginning units ( 18,000 )

units required to be produced 217,000

The company needs units to fullfil teir sales bdget and desired ending invenoty.

the beginning inventory already complete a portion of the requirement so is the difference what determinates the required units to be produced.

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Evans Products uses a process costing system with two processing departments: the Mixing Department and the Finishing Department. In June, unit costs incurred by the Mixing Department amounted to $4.00 per unit. Unit costs transferred to the finished goods warehouse during the month amounted to $22. Work-in-process inventories are reduced to zero each month. The entry to record the sale of 3,500 units in June would include:

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