On April 30, Gomez Services had an Accounts Receivable balance of $25,700. During the month of May, total credits to Accounts Receivable were $60,400 from customer payments. The May 31 Accounts Receivable balance was $20,000. What was the amount of credit sales during May?
A. $66,100.
B. $37,600.
C. $54,700.
D. $5700.
E. $60,400.
Answer: C
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It is important for the salesperson using familiar terminology and buzzwords to speak in a formal tone to convey its importance.
Answer the following statement true (T) or false (F)
United Insurance Agency incurred the following activity costs related to service quality. Total sales $1,000,000 Costs of quality: Prevention 50,000 Appraisal 47,000 Internal failure 36,000 External failure 64,000 Costs of conformance total
a. $15,500. b. $55,000. c. $120,000. d. $131,400.
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Fill in the blank(s) with the appropriate word(s).
Which of the following sales forecasting techniques would generally be most suitable for estimating sales of a new product?
A. Executive judgment B. Customer surveys C. Time series analysis D. Market tests E. Regression methods