find the nominal annual rate of interest compounded monthly if $1200 accumulates to $1618.62 in years

Answers

Answer 1

Answer:

Nominal annual rate of interest(r) = 2.5% (Approx)

Explanation:

Given:

Present value (P) = $1,200

Future value (F) = $1,618.62.

Number of year = 1year = 12 months

Find:

Nominal annual rate of interest(r)

Computation:

Nominal annual rate of interest(r) = \(\sqrt[12]{\frac{1,618.62}{1,200} }-1\)

Nominal annual rate of interest(r) = \(\sqrt[12]{1.34885}-1\)

Nominal annual rate of interest(r) = 0.02525

Nominal annual rate of interest(r) = 2.5% (Approx)


Related Questions

What is one of the main economic benefits of free trade?
A. It reduces competition between businesses in different countries.
B. It encourages countries to specialize in producing particular
goods.
c. It ensures that all countries follow strict worker protection laws.
D. It allows countries to become more economically independent.

Answers

Answer: It encourages countries to specialize in producing particular goods

The correct option is D). It allows countries to become more economically independent.

What is free trade?

Free trade refers to the international trade in which countries can import and export goods without any tariff barriers or other non-tariff barriers to trade.

It open new markets, increase gross domestic product (GDP), and invite new investments which directly led to the economic development of a country.

Free trade increased exports and provide great number of choice of goods as well.

Learn more about free trade here:-

https://brainly.com/question/10473895

#SPJ2

HELP HELP HELP 10 POINTS HURRY ASP AHHH

HELP HELP HELP 10 POINTS HURRY ASP AHHH

Answers

1 - Point-of-Sale Display
2 - Sampling
3 - In-Store Promotion
4 - Event Marketing

The City of Houghton enacted an ordinance that forbids religious groups from distributing religious materials within the city limits of Houghton unless the distributor is granted a permit. Other types of materials can be distributed without a permit. What concerns do you have about the constitutionality of this ordinance?

Answers

The concerns that have about the constitutionality of this ordinance are Freedom of Religion, Content-Based Restrictions, Prior Restraint, Equal Protection and Unfettered Discretion.

Here are a few major concerns:

Religious Freedom: The First Amendment to the United States Constitution provides religious freedom, which includes the right to practise and express one's religious views. Content-Based limitation: By treating religious materials differently from other types of materials, the ordinance appears to impose a content-based limitation on communication. Prior constraint: Requiring religious organisations to seek a licence before disseminating religious materials is a type of prior constraint on speech. Equal Protection: If the ordinance treats religious groups differently than other groups or items, it may raise questions regarding legal equality. Unrestricted Discretion: If local officials have unrestricted discretion in choosing who gets a permit, there is a possibility of viewpoint discrimination or bias.

For such more question on Restrictions:

https://brainly.com/question/30667577

#SPJ8

Market research can help you strategize your _______ and _______ goals.

Primary research is more _______ than secondary research.

Your first marketing priority is to find out if you can _______ your product or services.

The grouping of people for marketing purposes is called _______.

Once you find out what people want, there’s a need to know the _______ for their choices.

Answers

Market research can help you strategize your business and marketing goals.

Primary research is more specific and tailored to your specific needs than secondary research.

Your first marketing priority is to find out if you can sell your product or services.

The grouping of people for marketing purposes is called segmentation.

Once you find out what people want, there's a need to know the motivations for their choices.

Market research plays a critical role in shaping business and marketing strategies by providing valuable insights into customer preferences, market trends, and competitive landscapes. It helps in identifying target markets, understanding customer needs, and developing effective strategies to achieve business and marketing goals.

By conducting research, businesses can gather data and information to inform their decision-making and ensure that their goals are aligned with customer expectations and market opportunities.

Primary research involves gathering firsthand data directly from the source, such as through surveys, interviews, or observations. It is more specific and focused on the unique needs and objectives of a particular study. Secondary research, on the other hand, involves using existing data and information from published sources.

While secondary research provides a broader understanding of a topic, primary research allows for more control and customization of the research process to address specific research objectives.

When launching a new product or service, one of the primary marketing priorities is to determine if there is a demand for it in the market.

Market research helps in assessing the viability and potential success of a product or service by gathering insights on customer preferences, needs, and market conditions. This information enables businesses to make informed decisions about product development, positioning, pricing, and marketing strategies.

Segmentation is the process of grouping individuals with similar characteristics or behaviors into distinct segments for marketing purposes.

By segmenting the market, businesses can target specific groups that are most likely to be interested in their products or services. Market segmentation allows for more personalized and targeted marketing strategies, resulting in better customer engagement and increased marketing effectiveness.

Once businesses identify what people want through market research, it becomes crucial to understand the motivations behind their choices. This involves delving deeper into the underlying reasons, preferences, and factors that drive consumer behavior.

By understanding the motivations behind consumer choices, businesses can tailor their marketing messages, product features, and overall customer experience to better align with customer needs and increase the chances of success in the market.

For more question on research visit:

https://brainly.com/question/20365163

#SPJ8

Principles, values,
and
form an organizational culture.
A. ethics codes; ethics training
B. artifacts; ethics codes
C. policies; ethics programs
D. hotlines; continuous improvement
E. norms; artifacts

Answers

I guess its c if its correct give me like and thank you

Sunland company has delivered equipment that cost $51,200

Answers

Answer:

we might need more to go on haha

Which of the following is an example of an indirect tax?
Estate tax
Federal income tax
Personal property tax
Sales tax

Answers

Sales tax, took the test and got it correct, hope this helps

Among all the given options of taxes, the one which is considered an example of an indirect tax is sales tax. Hence, Option D is correct.

What is a tax?

The activities which are performed by an individual with the aim of making money for fulfilling the basic, as well as the desired needs, are known as a profession.

The money which is made by the person should be done in legal ways and on these incomes, one has to pay some duty to the government. This duty is termed a tax.

As per the income and assets that one has made, taxes are charged on them. Some of them are direct and some of them are indirect. The ones which are direct are Estate tax, Federal income tax, Personal property tax, and many more.

As a result of this, sales tax is considered an indirect tax. Option D is correct.

Learn more about tax here:

https://brainly.com/question/16423331

#SPJ6

A fall in the price of a good causes producers to reduce the quantity of the good they are willing to produce. This fact illustrates: O Law of demand O Law of supply Change in Supply O Change in Demand.

Answers

Answer: Change in demand

Explanation:

Kai and Ivy Harris have a home with an appraised value of $180,000 and a mortgage balance of only $90,000. Given that an S&L is willing to lend money at a loan-to-value ratio of 75 percent, how big a home equity credit line can Kai and Ivy obtain? How much, if any, of this line would qualify as tax-deductible interest if their house originally cost $200,000?

Answers

The amount of equity they have in their home is $90,000 ($180,000 appraisal value - $90,000 mortgage balance).

Kai and Ivy can obtain a home equity credit line of $67,500. The tax-deductible interest would depend on their itemized deductions.

Kai and Ivy Harris have an appraised value of $180,000 on their home and a mortgage balance of $90,000. An S&L is willing to lend money at a loan-to-value ratio of 75 percent.

They are inquiring about the size of the home equity credit line they may get and the amount, if any, that is tax-deductible interest if their house originally cost $200,000.

Therefore, the amount of equity they have in their home is $90,000 ($180,000 appraisal value - $90,000 mortgage balance).

They can borrow up to 75 percent of the appraised worth of their home, or $135,000 ($180,000 x 0.75).

Since they still owe $90,000 on their mortgage, they can borrow up to $45,000 ($135,000 - $90,000) in equity on their home and qualify for tax-deductible interest.

The amount of interest that qualifies as tax-deductible is determined by the IRS.

They can be charged interest on up to $45,000 in debt secured by their house under current tax law, assuming they use the home equity credit line for home improvements.

For more such questions on equity

https://brainly.com/question/30397975

#SPJ8

A married couple with only one spouse currently working outside the home plans to retire in several years. An annuity that would be particularly suitable for saving for that retirement would be:_________
a. a straight life annuity on the life of the working spouse,
b. a straight life annuity on the life of the nonworking spouse,
c. a deferred joint and survivor annuity,
d. an immediate joint and survivor annuity.

Answers

Answer:

b i'm not sure but don't go by my answer please i don't want to get u wrong

Explanation:

How does competition affect businesses in a positive way?

Answers

Competition in business can affect businesses in a positive way. Competition is the rivalry that exists between businesses that provide the same products or services to the same target market. It can be a positive force that spurs businesses to improve their services and products and to come up with innovative ideas.

Here are some of the positive effects that competition can have on businesses:

Increased innovation: The competition encourages businesses to come up with new and innovative products or services to attract more customers. For example, the rivalry between Apple and Samsung has resulted in the development of better smartphones with more advanced features. As a result, consumers get access to the latest technology.

Improved quality: Competition can motivate businesses to produce high-quality products or services to meet the needs of their customers. If one company raises the bar by providing superior quality, other companies are forced to follow suit to keep up. This benefits consumers as they get access to high-quality products and services.

Lower prices: When businesses compete, they are forced to lower their prices to attract more customers. This benefits consumers who can purchase products and services at a lower price.

Increased customer service: Competition can result in businesses improving their customer service to retain their customers and attract new ones. Businesses that provide excellent customer service can gain a competitive advantage over their rivals. As a result, customers receive better service, which enhances their overall experience.

Increased efficiency: Competition can encourage businesses to streamline their operations to improve efficiency and reduce costs. This, in turn, can result in increased profits, which can be passed on to customers in the form of lower prices.

In conclusion, competition in business can have many positive effects. It can lead to increased innovation, improved quality, lower prices, increased customer service, and increased efficiency.

Know more about Competition here:

https://brainly.com/question/28967395

#SPJ8

Which are options for filtering specific categories in a record? Check all that apply.


right-clicking and choosing "Equals"

right-clicking and choosing "Does not equal"

right-clicking and choosing "Contains"

right-clicking and choosing "Does not contain"

placing cursor on desired data and clicking "Filter by selection"

right-clicking and choosing "Sort A to Z"

placing cursor on desired data column and clicking "Equal filter"

Answers

Answer:

placing cursor on desired data and clicking "Filter by selection"

right-clicking and choosing "Sort A to Z"

Explanation:

The data can be filtered according to user requirements. There are several options to sort and filter data. The user can filter data according to different groups. He can sort the data according to ascending and descending.

A firm's average product tends to?

Answers

A firm's average product (AP) is the total output produced by the firm divided by the quantity of input used to produce it. In other words, it measures the average amount of output that can be produced with each unit of input.

What is tendency?

The tendency of a firm's average product will depend on the specific production process and the level of inputs used. Generally, when a firm first starts to increase its input of a particular factor of production (e.g. labor or capital), the average product of that factor will also increase up to a certain point. This is because the additional input is contributing more to the output than the previous unit of input.

However, as the level of input continues to increase, the average product of that factor will eventually start to decline.

To know more about Average Product related question visit:

https://brainly.com/question/29652804

#SPJ1

complete question:

What is the tendency of a firm's average product?

You have been appointed as a manager at XTZ company. Your style of leading is an Autocratic style. this is a style where you take strict controls and actions over all management activities. the old culture that was present at XTZ company was very flexible due to the nature of old manager and all employees are now resisting to adjust to the new manager.Explain how are you going to solve this matter as a manager

Answers

It's important for the manager to change his leadership style in order to lead the workforce.

Who is a manager?

It should be noted that a manager simply means an individual who leads a team to achieve a common goal.

In this case, it's important for the manager to change his leadership style in order to lead the workforce. This is needed to being about unity and promote growth.

Learn more about managers on:

https://brainly.com/question/24553900

when a review is performed page of the company's financial statements should be marked see independent accountants review report?

Answers

When a review is performed on a company's financial statements, it is important to reference the independent accountants' review report.

This can be done by marking the relevant page with a statement such as "See Independent Accountants' Review Report" to ensure users are aware of the review and its findings. When a review is performed, the review report of the independent accountants should be marked on the page of the company's financial statements.

A review report is the expression of an accounting firm's conclusion on the financial statements of an enterprise. It is the product of the audit firm's analytical investigation, and it outlines any specific issues that arose during the review process.

The accountant's conclusion is that there are no material misstatements in the financial statements that require correction, and that the financial statements have been prepared in accordance with the applicable financial reporting framework.

Review reports are frequently used as part of the assurance provided by accounting firms. They are less extensive than audits, but they provide limited assurance that the financial statements are free from material errors.

To know more about company click here

brainly.com/question/14970322

#SPJ11

Free Cash Flow

100

Growth rate

2%

Tax Rate

1%

Cost of Capital

5%

Debt-to-total value

50%

Given the data in the above, what is the terminal value of the business (using the growing perpetuity formula)?

Answers

Answer:

Explanation:

Terminal value of business Formula = FCF (1+g)/(WACC- g)

Where:

FCF= current free cash flow = 100  

g= Growth rate = 2%  

WACC = Weighted average cost of capital = Cost of capital = 5%

Terminal Value of the business= FCF (1+g)/(WACC- g)

Terminal Value of the business= 100 (1+2%)/(5%- 2%)

Terminal Value of the business= 3,400

"home is the best place for a sewing machine" what does it mean?​

Answers

This sounds like more of an english question? But my best guess would be that home is the best place to solve issues or holes in a relationship. This makes sense because a sewing machine is used to fix holes.

Agan Interior Design provides home and office decorating assistance to its customers. In normal operation, an average of 2.9 customers arrive each hour. One design consultant is available to answer customer questions and make product recommendations. The consultant averages 10 minutes with each customer.
A. Compute the operating characteristics of the customer waiting line, assuming Poisson arrivals and exponential service times. If required, round your answers to four decimal places.

Lq =
L =
Wq = hours
W = hours
Pw =

B. Service goals dictate that an arriving customer should not wait for service more than an average of 6 minutes. Is this goal being met? If not, what action do you recommend? Yes or No
C. If the consultant can reduce the average time spent per customer to 8 minutes, what is the mean service rate? If required, round your answer to one decimal place.

------ customer per hour

Will the service goal be met? Yes or No

Answers

A. Operating characteristics:

Lq ≈ 0.5017, L ≈ 0.9377, Wq ≈ 0.1730 hours, W ≈ 0.5063 hours, Pw ≈ 0.4833

B. Service goal: Not met. Action recommended.

C. Mean service rate: 7.5 customers/hour.

If the consultant can reduce the average time spent per customer to 8 minutes, then the average time a customer spends in the system will be 0.33 hours (20 minutes).

A. To compute the operating characteristics of the customer waiting line:

Arrival rate (λ) = 2.9 customers/hour

Service rate (μ) = 60 minutes / 10 minutes per customer = 6 customers/hour

Average number of customers in the queue (Lq):

Lq = (λ^2) / (μ * (μ - λ)) ≈ 0.5017

Average number of customers in the system (L):

L = λ / (μ - λ) ≈ 0.9377

Average waiting time in the queue (Wq):

Wq = Lq / λ ≈ 0.1730 hours (approximately 10.38 minutes)

Average waiting time in the system (W):

W = Wq + (1 / μ) ≈ 0.5063 hours (approximately 30.38 minutes)

Probability of a customer waiting in the queue (Pw):

Pw = λ / μ ≈ 0.4833

B. The service goal is that an arriving customer should not wait for service more than an average of 6 minutes. However, the average waiting time in the system (W) is approximately 30.38 minutes, exceeding the goal. Therefore, the service goal is not being met.

Action recommendation: To meet the service goal, I would recommend taking the following actions:

Increase staffing: Hire additional design consultants to handle customer questions and product recommendations.

Improve efficiency: Streamline processes and provide training to the consultant to reduce the time spent with each customer.

Appointment scheduling: Implement a system for customers to schedule appointments, ensuring dedicated time slots for each customer and minimizing waiting times.

Self-service options: Provide self-service resources or online tools where customers can access basic information and make preliminary decisions, reducing the need for extensive consultations.

C. If the consultant can reduce the average time spent per customer to 8 minutes, the mean service rate can be calculated as follows:

Mean service rate (μ) = 60 minutes / 8 minutes per customer ≈ 7.5 customers/hour

Will the service goal be met? Yes

If the consultant can reduce the average time spent per customer to 8 minutes, then the average time a customer spends in the system will be 0.33 hours (20 minutes). This is less than the service goal of 6 minutes, so the goal will be met.

For more such questions on Service goal visit:

https://brainly.com/question/24553900

#SPJ8

Why is advertising Procter by the first Amendment?

Answers

Blackmun came to the conclusion that the First Amendment protects commercial speech, even communications like advertisements that only hint at a business transaction.

Does the First Amendment offer protection to advertising?

Under the First Amendment, commercial speech is a form of protected expression, although it is not as protected as noncommercial speech, such as political speech, in terms of free speech. The Central Hudson test is a significant criterion that the Court adopted to decide whether or not commercial speech is protected.

Why does advertising enjoy First Amendment protection?

In support of such claim, the Court cited political communications including political contributions and expenditures. Blackmun reached the judgment that the First Amendment safeguards commercial speech, even messages like advertising that only allude to a commercial transaction.

Why does journalism need the First Amendment?

The reporter's privilege is based on the notion that media professionals have a limited First Amendment protection not to be required to divulge information or secret information sources in court. In order to create articles that deal with issues of genuine public interest, journalists rely on confidential sources.

Learn more about First Amendment: https://brainly.com/question/14854652

#SPJ13

One of the assumptions underlying the production possibilities curve (or
production possibilities frontier) for any given economy is that
A. all societies will choose to operate at a point inside the curve
B. there is full employment of resources when the economy is on the
curve
C. goods can be produced outside the curve.
D. there is an unlimited supply of resources.
E the state of technology changes

One of the assumptions underlying the production possibilities curve (orproduction possibilities frontier)

Answers

Option B there is fill employment of resources when the economy is on the curve.

Resources are fully utilized when the economy is on the production possibility curve. Therefore, option B is correct.

What is the Production possibility curve?

The production possibilities curve displays different production volume combinations for two items utilizing fixed resources. The idea is that if the production of one commodity rises, the output of the other will fall.

The essential assumptions of the production possibility curve are: Resources are provided and don't change. The technology employed in the manufacturing process doesn't change. The resources are effectively and completely used.

The Production possibility curve is useful for demonstrating the ideas of scarcity, opportunity cost, efficiency, and economic development and contraction.

Learn more about the Production possibility curve here:

https://brainly.com/question/14183466

#SPJ2

The accountant for Mandarin Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available:
Retained earnings balance at the beginning of the year $ 1,069,000
Net income for the year 355,000
Cash dividends declared for the year 67,000
Retained earnings balance at the end of the year 1,757,000
Cash dividends payable at the beginning of the year 15,000
Cash dividends payable at the end of the year 18,500
What is the amount of cash dividends paid that should be reported in the financing section of the statement of cash flows?
a) $100,500.
b) $3,500.
c) $63,500.
d) $70,500.
e) $67,000.

Answers

Answer:

C. $63,500

Explanation:

With regards to the above, information, the amount of cash dividends paid that should be recorded is computed as;

= Cash dividends payable at the beginning of the year + Cash dividends declared for the year - Cash dividends payable at the end of the year

= $15,000 + $67,000 - $18,500

= $63,500

Therefore, cash dividends paid that should be recorded in the financing section of the statement of cash flow is $63,500

_____ controls deals with active anticipation of problems and their timely solution Multiple Choice Feedforward control Concurrent control Feedback control Output control

Answers

Answer:

Feedforward control

Explanation:

Feedforward control controls deals with active anticipation of problems and their timely solution.

What is the company’s current ratio at January 29, 2017? 0.80 1.25 0.41 1.11 What does the company’s current ratio in requirement 3 indicate? The company has more than one dollar of current assets for every dollar of current liabilities due in the next year. The company has less than one dollar of current assets for every dollar of current liabilities due in the next year. Less than half of the company’s assets are current. Less than half of the company’s liabilities are current.

Answers

Answer:

1.25The company has more than one dollar of current assets for every dollar of current liabilities due in the next year.

Explanation:

1. Current Ratio at January 29,2017;

= Current Assets/ Current liabilities

= 17,724/14,133

= 1.25

2. The Current ratio checks if the company has enough current assets to enable it cover its current liabilities in the next year so if the current ration is 1.25, the company has more than one dollar of current assets for every dollar of current liabilities due in the next year.

What is the companys current ratio at January 29, 2017? 0.80 1.25 0.41 1.11 What does the companys current

After a retiring from a successful business​ career, you would like to make a donation to your university. This donation will go into the​ school’s endowment pool and the returns generated from the donation will support the salary of a new professor in the business school on a perpetual basis. The university expects to earn returns of​ 5.5% on its endowment pool. You may assume that any distributions to support the salary will be made annually.

Part A) You can make a donation today (t=0) in the amount of $2,500,000. The first cash flow distribution from your donation to cover the professor's salary will take place in one year (at t=1). Which of the following is closest to the annual salary payment that can be made as a result of your donation?

A. $2,500,000
B. $454,545
C. $100,000
D. $137,500

Part B) After further discussions, the university determines that the employment agreement with the new professor will call for annual salary increases of 2%. Given this new requirement, and assuming the first salary distribution will still occur one year from today, what is the starting salary (at t=1) that can be supported with your $2,500,000 donation?

A. $50,000
B. $187,500
C. $140,250
D. $87,500

Answers

Answer:

Part A) D. $137,500

Part B) C. $140,250

Explanation:

Part A) The computation of annual salary payment is shown below:-

Annual salary = Donation made × Interest rate

= $2,500,000 × 5.5%

= $137,500

So, for computing the annual salary we simply multiply the donation made with interest rate.

Part B) The computation of starting salary is shown below:-

Starting salary = Annual salary + Increased annual salary

= $137,500 + 2%

= $140,250

Therefore for computing the starting salary we simply added the annual salary with increased annual salary.

An expensive electronics store decides to lower the prices on all of its laptop
computers. According to the law of demand, what outcome can the
electronics store expect?
A) more customers will be interested in buying its laptops
B) The cost of buying laptops from his suppliers will go down
C) fewer customers would be interested in buying its
laptops
D) The cost of buying laptops from suppliers suppliers will go up

Answers

More customers will be interested in buying its laptops is an outcome can the electronics store expect, According to the law of demand.

What is the law of demand?

According to the law of demand, demand decreases as prices rise, and demand increases as prices decrease.

For example, if the price of wheat rises then the demand of the rise is decrease and if the price of rice increase the demand of the commodity decrease.

Thus, option A is correct.

For more details about law of demand, click here:

https://brainly.com/question/11455813

#SPJ2

what does sales manager do?

Answers

Answer:

A sales manager is the person responsible for leading and coaching a team of salespeople. A sales manager's tasks often include assigning sales territories, setting quotas, mentoring the members of her sales team, assigning sales training, building a sales plan, and hiring and firing salespeople.

they lead or “manage” sales people

explanation: common sense

Given all of this information about observation and assessment, you may wonder how this works on a day-to-day basis. Think about your experiences in a classroom, either as a student, a volunteer, a teachers’ aide, or a teacher. What kinds of observation opportunities existed? How do you think children were assessed? How was this information used?

Answers

Classroom observations are important as they provide additional feedback, create a culture of improvement, and provide greater insight into students.

The observation method simply means the human or mechanical observations of the things that people do. Some of the classroom observations include learning walkthrough, supervisory walkthrough, and goal setting.

Children can be assessed by looking at how they behave and studying them. The information gotten is essential as it can provide the teachers with the necessary details to help the students improve academically.

Learn more about observations on:

https://brainly.com/question/15862968

LEONE COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Finished goods inventory, beginning Cost of goods manufactured Goods available for sale Less: Finished goods inventory, ending Cost of goods sold Gross profit General and administrative expenses Selling expenses Net income $ 84,000 84,000 92.000 $ 3,251,000 $ (8,000) 3,259,000 127.000 603,000 2,529,000


How do you find the cost of goods manufactured?​

Answers

The cost of goods manufactured (COGM) is the cost of all the products that a company has manufactured during a period.

How to calculate

It is calculated by adding the beginning finished goods inventory to the total manufacturing costs, and then subtracting the ending finished goods inventory.

In the income statement you provided, the cost of goods manufactured is calculated as follows:

COGM = $92,000 + $3,251,000 - $127,000 = $3,224,000

Therefore, the cost of goods manufactured for Leone Company is $3,224,000.

Here is the formula for calculating COGM:

COGM = Beginning finished goods inventory + Total manufacturing costs - Ending finished goods inventory

The total manufacturing costs include direct materials, direct labor, and manufacturing overhead.

Read more about income statement here:

https://brainly.com/question/28936505

#SPJ1

Which of the following is NOT a step in the basic selling process?


make a connection
recite product features
personalize service
assess needs

Answers

From the options given recite product features is not a step in the basic selling process

What is the basic selling process about?

The series of steps a salesperson takes to find and approach prospects, give a sales presentation, address objections, and close a sale is known as the selling process

Prospecting, planning, approaching, presenting, addressing objections, closing, and following up are often involved in the process .The technique may be applied to the majority of selling scenarios, including non-product selling.

The objective is to persuade the consumer that the product or service can satisfy their demand and to establish long-term customer relationships.

Learn more about selling process from

https://brainly.com/question/25586322

#SPJ1

Orange Corporation has budgeted sales of 18,000 units, targeted ending finished goods inventory of 4,000 units, and beginning finished goods inventory of 3,000 units. How many units should be produced next year?

Answers

Answer:

19,000 units

Explanation:

The applicable formula is the formula for calculating the cost of goods sold.

COGS = beginning inventory+ purchases(production) - ending inventory

COGS will be Budgeted sales = `18,000

Beginning inventory =3,000

Ending inventory =4,000

18,000 = 3,000 + P - 4,000

18,000 = 3,000- 4,000 + P

18,000 = -1000 + P

P= 18,000+1000

P= 19,000

Other Questions
How many boxes of items will Jamie ship if she ships the greatest number possible in each box? Enter the correct answers in the boxes. She needs to ship 48 plates and 54 bowls to a store. She wants to ship the same number of items in each box. Plates and bowls are shipped separately. 1. An open economy's goods market is described by the following equations: Consumption function: C = a + b(Y - T) with 0 0 Tax revenue: T=tY with 0 0 Let m= 0 and b = 0.9. An increase in the tax rate t from 0 to 0.3 (a) should increase the investment multiplier AY by around 73%. (b) should reduce the investment multiplier by around 73%. (c) should increase the government spending multiplier Ace by around 33% (d) should reduce the government spending multiplier by around 33%. (e) should reduce both the investment and government spending multi- pliers by around 33%. If Jane has 23 cats and I have 2 cats, and then Jane gives me 5 cats, how many more cats does Jane have than I? Rhonda has 12 marbles more than Douglas. Douglas has 6 marbles more than Bertha. Rhonda has twice as many marbles as Bertha has. As particle size increases, interparticle friction: (a) decreases, (b) increases, or (c) remains the same? what are some key terms for wasp u.s history According to the Statement on Standards for Consulting Services, which of the following are considered to be consulting services:Bookkeepi ng servicesPersonal financial planningControllership activitiesTax return preparation games what can you do with games Solve equation for x. Provide the justifications for each step. See the first example as a reminder for the types of justifications that might be used. write a 5 sentence paragraph about the greatest lesson that you have learned during this pandemic. use at least 3 types of context clues. Many historians believe that withoutthe outcome of the AmericanRevolution would not have been in favorof the American colonies.A. "Common Sense"B. The Age of Reason"C. "The Right of Man" In the market for Oreo cookies, an increase in the quantity of flour will Shift the supply curve to the left and raise the price of Oreo's Shift the supply curve to the right and raise the price of Oreo's Shift the supply curve to the left and lower the price of Oreo's Shift the supply curve to the right and lower the price of Oreo's Match each problem with the correct utility.the computer is running slowlysensitive information is not securesending a large video file through emailcomputers in a small business that can't shareinformation:: SOHO:: compression utilityIII I:: encryption :: defragmentation utility answer fast and quickly plsss Solve and checkplease please help i will mark u as a brill it is easy please the 95 confidence interval of the mean for = 13.0, s = 1.6, and n = 21 is _________. Assume annual rates. 2-year rates are 4% and 3-year rates are 5%. What is the one-year forward rate 2 years from now? 2. Back to problem 1. Assume the 2-year rate has a 10 bps term premium and the 3-year rate has a 15 bps term premium. Assuming annual rates, calculate the one-year EXPECTED rate 2 years from now. Can you solve the question 2? PLEASE HELP!!!!When using the Desmos graphing calculator to find the least-squares regression line for the data below, what do you type in as the expression to generate the parameters and statistics?x subscript 2 baseline y subscript 2 baseline1 22 93 74 12y subscript 2 baseline tilde m x subscript 2 baseline plus by subscript 2 baseline equals m x subscript 2 baseline plus by tilde m x plus by = mx + b How electrodynamic transducers work? Explain with the diagram. How did Akhenaton's changes in religious practices affect ancient Egypt?Most ancient Egyptians did not care about Akhenaton's changes.Many Egyptians blamed the changes on Queen Nefertiti and her beliefs.Most ancient Egyptians welcomed the worship of just one god, the sun god.Many Egyptians became angry, and the economy and military grew weak. help pleaseeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee