The Pacific division has the following income statement for the last quarter:The company's average operating assets for the period were $270,000. The company requires a minimum rate of return of 13%. The division's ROI for the quarter was closest to:
a.22.17%
b.26.25%
c.31.65%
d.29.41%
e.None of the answers are correct.
correct: a.22.17%
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A company sells a particular product only in the last month of its fiscal year. The company uses commission agents for such sales and pays them 6% of their net sales 30 days after the sales are made. The agents' sales were $10 million. Experience indicates that 10% of the sales are usually not collected and 2% are returned in the first month of the new year. The auditor would expect the year-end balance in the accrued commissions payable account to be:
A. $540,000. B. $588,000. C. $600,000. D. $528,000.
In which of the following steps of the selling process does a salesperson ask a buyer for an order?
A) preapproach B) qualifying C) closing D) prospecting E) approach
SAS International Hotels devised which of the following sales promotions targeted at older consumers?
a. First to provide senior citizen discounts. b. Provided a discount percent equivalent to their age. c. A free hotel room if large family gatherings were held at the hotel. d. Free ballroom service for large family gatherings. e. Discount for large family gatherings.
Explain social loafing and how to reduce it.
What will be an ideal response?