Module 2 Homework + Answers Total Points: 40 Chapter 3 1) Unearned revenues are reported as liabilities on the balance sheet. True or False Answer: Unearned revenues are payments provided to a company before the goods or services are provided. Unearned revenues are liabilities reported on the balance sheet. 2) Colby Corporation has provided the following information: Operating revenues were $199‚700. Operating expenses were $111‚000. Interest expense was $9‚200. Gain from sale of
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The SaleS learning Curve & virTual SaleS Advice for a successful startup‚ product launch or foray into new sales territory W hen launching a new company‚ product or service or expanding into a new territory‚ the temptation is often to hire a new VP of sales‚ some enterprise reps and build a high powered sales force as quickly as possible. It has been demonstrated‚ however‚ that ramping up a sales force too quickly can have very negative impact on the bottom line. As founding Chairman and CEO
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Sales and Marketing Sales and marketing is a love hate relationship within a company. They both are vital to the selling process‚ but their jobs‚ while having the same objectives‚ are extremely different and often causes tension within a company. Marketing is based on research and development for a product in order to focus where it is to be placed in the market‚ how it is priced and promoted‚ while it is Sales duty to take the findings from the research and use them to land clients and customers
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that is efficiently‚ accurately‚ and severely help the company to enhance their manual operations in processing and monitoring their daily sales transaction. The P.O.S. system will proactively manage orders & receipts of customers in their three retail locations in Bulacan. Moreover‚ the company will be able to have access to detailed sales reports and sales history. Easy comparisons can be made between date ranges to track their business growth. 1.1 Background of the
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have you ever been to a garage sale? did you find something you loved or couldn’t live with out? or were you just out for a fun day of "treasure" hunting? For what ever reason garage sales are a most interesting way to spend time searching for treasures on a Saturday morning. "others junk is another persons treasure." is the quote my mother told me when i was little. every weekend during the summer she would wake me up bright and early and we would head off on our treasure hunt. I find that quote
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DEED OF ABSOLUTE SALE KNOW ALL MEN BY THIS PRESENTS: That I‚ SUSAN EREDIANO‚ widow‚ legal age‚ Filipino and resident of ward IV‚ Minglanilla Cebu for an in consideration of the sum of THIRTY THOUSAND PESOS ONLY (P30‚000)‚ Philippine currency‚ receipt of which amount is hereby SELL‚ CEDE‚ CONVEY‚ and TRANSFER unto the said Spouses DIOSDADO GEONZON and ESTELITA GEONZON‚ their heirs and successors assign a parcel of land more particularly bounded as follows;
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Sales Maximization A reasonable‚ and often pursued objective of firms is to maximize sales‚ that is‚ to sell as much output as possible. Clearly sales lead to revenue‚ meaning that maximizing sales is also bound to maximize revenue. But as the analysis of short-run production indicates‚ maximizing sales does NOT necessarily maximize profit. So why do firms do it? Are firms unreasonable? Are they irrational? Do they NOT understand the basic economic principles of short-run production? For some firms
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Discuss and illustrate by way of examples the role that a sales person plays in modern marketing organisations There are various types of personal selling jobs‚ and the role of personal selling can vary from one company to another. Selling is one of the oldest professions in the world. The person in charge of the sales go by many names: salespeople‚ sales representatives‚ account executives‚ sales consultants‚ sales engineers‚ agents‚ district managers‚ marketing representatives‚ and account development
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Sales and Marketing Paper August 24‚ 2009 Intro While sales and marketing are sometimes split into two different areas it is important that these two areas work together to achieve a goal for the lodging industry‚ this goal‚ simply put‚ is to increase revenue. This paper will discuss how the sales and marketing departments work together to achieve this goal‚ and how they differ. Included in the discussion will be the importance of STP (Segmentation‚ Targeting and Positioning) and the
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there were circumstances when the inventory record in the admin does not tally with the actual amount of the available items. Another thing to consider in manual inventory is prone to errors since it is unavoidable that the employee assigned to do the sales and inventory would commit mistakes. Introduction Technologies have
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