At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales $ 901,000 Credit sales 301,000 Its year-end unadjusted trial balance includes the following items. Accounts receivable $ 126,000 debit Allowance for doubtful accounts 5,100 debit Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be (a) 4% of credit sales, (b) 2% of total sales and (c) 7% of year-end accounts receivable.
Answers
Answer:
Please find the detailed answer in the explanation section.
Explanation:
A. 4% of credit sales
Bad Debts Expense is 4% of $301,000
0.04 x $301,000
=$12,040
Adjusting entry
Dec. 31
Dr Bad debt expense $12,040
Cr Allowance for Doubtful allowance $12,040.
B. 2% of total sales
Total sales = cash sales + credit sales
$ 901,000 + $ 301,000
=$1,202,000
Bad Debts Expense is 2% of 1,202,000
0.02x $1,202,000
=$24,040
Adjusting entry
Dec. 31
Dr Bad debt expense $24,040
Cr Allowance for Doubtful allowance $24,040.
C. 7% of year-end accounts receivable.
Unadjusted balance is $5,100
Estimated balance = $8,820(7% of $126,000)
Adjusted balance is $13,920($5,100 + $8,820)
Adjusting entry
Dec. 31
Dr Bad debt expense $8,820
Cr Allowance for Doubtful allowance $8,820
Related Questions
Illiad Inc. has decided to raise additional capital by issuing $170,000 face value of bonds with a coupon rate of 10%. In discussions with investment bankers, it was determined that to help the sale of the bonds, detachable stock warrants should be issued at the rate of one warrant for each $100 bond sold. The value of the bonds without the warrants is considered to be $136,000, and the value of the warrants in the market is $24,000. The bonds sold in the market at issuance for $152,000. Instructions a. What entry should be made at the time of the issuance of the bonds and warrants
Answers
Answer:
A. Dr Cash 152,000
Dr Discount on bonds payable 40,800
Cr Bond Payable 170,000
Cr Paid-in Capital-Stock Warrants 22,800
B.Dr Cash 152,000
Dr Discount on bonds payable 18,000
Cr Bond Payable 170,000
Explanation:
A. Preparation of the Journal entry that should be made at the time of the issuance of both the bonds and warrants
Dr Cash 152,000
Dr Discount on bonds payable 40,800
($170,000 - $129,200)
Cr Bond Payable 170,000
Cr Paid-in Capital-Stock Warrants 22,800
[(152,000+40,800)-170,000]
B. Preparation of the Journal entry if the warrants were nondetachable
Dr Cash 152,000
Dr Discount on bonds payable 18,000
(170,000-152,000)
Cr Bond Payable 170,000
including scholarships and financial aid Rachel has 39,000 to spend on college if the total cost of her college education is_____, she will have enough resources to pay
a 36,000
b 42,000
c 48,000
d 45,000
Answers
Answer:
A. 36,000
Explanation:
If the college education cost is less than your financial aid limit then it can pay for it.
Answer:36,000
Explanation:because it say it
How could the culture of Noor Bank be considered a strong culture.
Answers
Answer:
Explanation:
The culture of Noor Bank can be considered a strong culture for several reasons:
Shared values and beliefs: Noor Bank has a clearly defined set of values and beliefs that are shared among its employees. These include customer focus, integrity, teamwork, and innovation. This shared sense of purpose and identity helps to unify employees and guide their actions and decisions.
Consistency: Noor Bank's culture is consistent across all levels of the organization. From the CEO to the front-line staff, everyone is expected to adhere to the same set of values and behaviours. This consistency helps to create a sense of trust and reliability among customers and stakeholders.
Employee engagement: Noor Bank actively engages with its employees to foster a strong culture. This includes regular training and development programs, team-building activities, and opportunities for feedback and communication. Employees feel valued and supported, which helps to increase their commitment to the organization.
Adaptability: Despite its strong culture, Noor Bank is also adaptable and responsive to changes in the business environment. The bank encourages innovation and is willing to take risks in pursuit of new opportunities. This flexibility helps to keep the culture fresh and relevant, while still maintaining a strong sense of identity.
Overall, the strong culture of Noor Bank helps to create a cohesive and unified organization that is focused on serving its customers and achieving its goals. This culture is based on shared values and beliefs, consistency, employee engagement, and adaptability, all of which contribute to the bank's success.
Inventory records for Marvin Company revealed the following:
Date Transaction Number
of Units Unit
Cost
Mar. 1 Beginning inventory 990 $7.25
Mar. 10 Purchase 570 7.73
Mar. 16 Purchase 710 8.20
Mar. 23 Purchase 520 8.60
Marvin sold 1,900 units of inventory during the month. Cost of goods sold assuming FIFO would be
Answers
1. How do customers judge the quality of a supermarket? 2. Indicate how and why each of these factors is important to the successful operation of a supermarket: a. Customer satisfaction b. Forecasting c. Capacity planning d. Location e. Inventory management f. Layout of the store g. Scheduling 3. What are some of the ways Wegmans uses technology to gain an edge over its competition?
Answers
Answer:
1. How do customers judge the quality of a supermarket?
They judge the quality of a supermarket depending on their values and most urgent needs.
Customers who value quality, and even luxury, will say that a good supermarket is one that offers high quality products.
Customers who value price, will prefer a low-cost supermarket.
2. Indicate how and why each of these factors is important to the successful operation of a supermarket:
a. Customer satisfaction - a very important factor because it determines how well the supermarket is serving its customers.
b. Forecasting - the supermarket needs to forecast all sorts of things, from, sales forecasts, to profit forescasts, to costs forecasts.
c. Capacity planning - the supermarket needs to know what it is actually able to do, and what projects it can embark on, for this, it needs to do a lot of capacity planning.
d. Location - Location is extremely important for a supermarket. It determines a large part of the customer demand because customers prefer supermarkets to be close to where they live.
e. Inventory management - Supermarkets need to manage inventories carefully, specially because a lot of the goods that a supermarket sells, are perishables.
f. Layout of the store - The Supermakert needs to be careful when determining the layout of the store. Customers want a layout that is easy to navigate, and where goods are placed according to a coherent classification.
g. Scheduling - The supermarket needs to establish a convenient schedule for its customer base.
What are some of the ways Wegmans uses technology to gain an edge over its competition?
Wegmans is characterized for its early adoption of ground-breaking technologies. For example, recently Wegmans developed a mobile application to assist blind shoppers.
FAST I NEED HELP WILL MARK BRAINLIEST
The end of the pandemic that gripped the country and most of the world the
last three years has fueled extraordinary economic activity.
The economy grew at an annual rate of nearly 9% last quarter, making it a
full year that the American economy has grown at a clip higher than 8%.
We learned today that the economy added 550,000 jobs last month,
bringing the unemployment rate down to 2.7%; that is the lowest
unemployment rate recorded since World War II. Soaring home prices and
a churning stock market have consumers and businesses ready to spend,
though analysts fear all that spending may be more than the economy can
handle; the CPI rose 9.7% last month over the same month a year ago,
and there are fears that the CPI will increase by double digits this month.
President Sally Jenkins took credit for the positive economic numbers,
crediting her administrations $1 trillion tax cut last year; the president also
pledged to carry on with plans for $1 trillion in spending on both defense
and a national child care program; she did not comment on the CPI
numbers. Fed Chairman Hal Kubrick did make note of the CPI, calling the
trend “alarming” and promising to help Americans with rising prices by
keeping interest rates near zero.
5. Evaluate the comments by President Sally Jenkins. Does she correctly understand what the economy needs? Why or why not?
6. Evaluate the comments by Fed Chairman Hal Kubrick. Does he correctly understand what the economy needs? Why or why not?
Answers
Yes, the Fed Chairman understands the need for keeping interest rates of unemployment low to help Americans with rising prices.
President Sally Jenkins might be assuming acknowledgment for the positive monetary numbers, yet it isn't altogether clear on the off chance that she comprehends what the economy needs.
The $1 trillion tax break last year might have added to monetary development, yet her arrangements for additional spending on both safeguard and a public kid care program could overwhelm the economy.
Furthermore, the taking off home costs and agitating financial exchange may not be manageable, and the apprehensions of twofold digit expansions in the CPI demonstrate that the economy will be unable to deal with all the spending.
In this way, it is problematic whether the president's arrangements are in accordance with the requirements of the economy.Then again, Took care of Director Hal Kubrick's remarks show that he has a superior comprehension of the economy's necessities.
The disturbing pattern of rising CPI and the anxiety toward twofold digit increments require a cautious adjusting of loan costs to assist Americans with adapting to rising costs.
Keeping financing costs close to zero might assist with facilitating the weight on shoppers, and this shows that the Fed Administrator is centered around resolving the squeezing monetary issues.
Subsequently, Kubrick's remarks demonstrate that he has a superior handle of the ongoing monetary circumstance and what the economy needs to keep on developing economically.
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2. You want to convince your employees to sign up for the new health maintenance
program that your company offers because it is cheaper than the older program.
However, you expect most employees to stay with the more expensive program as it
covers more physicians. Which of the following persuasive strategies will be most
effective in this case?
Answers
Because the audience is probably going to value emotion as a way of problem-solving in this situation, the persuasive tactic will be most successful.
To succeed in "persuasive strategy," one must balance reason and passion.
The three different categories of persuasive tactics are pathos, ethos, and logos. The most persuasive writing typically combines all three tactics. While ethos relies on the authority of the author or source as justification for action, logos draw conclusions using logic or reason.
It is significant to note that your ability to persuade others affects their behavior. Arguments are used in persuasion to persuade others to follow your path. The way you express your views to others might have an effect on how others interpret a certain issue or concept.
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The effect of COVID 19 are felt in the households as many loses their jobs, businesses have decline of incomes and there are a lot of restrictions in movements which cause the consumption of goods and services to reduced. Along this premise, how can the financial system help the households and businesses in this time of pandemic?
Answers
Banks decreased loan rates to 1% to boost economic activity in reaction to the economic effects of COVID-19. These actions benefit consumers and companies.
How COVID 19 affected economy?During the coronavirus pandemic in 2020, 6.0 percent of businesses postponed some of their budgeted capital expenditures, 9.7 percent delayed them, 8.2 percent cut them, and 1.5 percent raised them. An overall 1.7% of businesses made new, unplanned capital investments.The COVID-19 pandemic has had a substantial impact on the world economy. According to the International Monetary Fund (IMF), the global economy suffered its worst economic downturn since the Great Depression between 2019 and 2020, with a 3.9% decline in median GDP worldwide.Know more about COVID 19 :
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Marginal shows how much money can be made if a producer sells one additional unit of a good.
Answers
Answer:
Marginal revenue
Explanation:
Marginal revenue is the additional income attributed to the sale of an extra unit. It is the income a business generates by selling one more unit of a product. Marginal revenue (MR) is compared to Marginal cost( MC) to determine if a business should continue with production and selling activities. If marginal revenue is greater or equal to marginal costs, the company should proceed with production and selling.
Answer:
revenue
Explanation:
Which statement is true regarding monopolistic competition?
Answers
Answer:
AR>MR
--------------------------------------
WHERE ARE THE OPTIONS.
The cost of your favorite coffee is $5 per cup at the coffee shop. The marginal cost of each cup you drink is _____. The first cup of coffee you drink gives you a marginal benefit of $8. The marginal benefit from the second cup is $6, $4 from the third, $2 from the fourth, and $0 from the fifth. You should drink _____ cups of coffee.
Answers
The cost of your favorite coffee is $5 per cup at the coffee shop. The marginal cost of each cup you drink is $5. The first cup of coffee you drink gives you a marginal benefit of $8. The marginal benefit from the second cup is $6, $4 from the third, $2 from the fourth, and $0 from the fifth. You should drink two cups of coffee. The correct option is D. $5; two
The marginal benefit from each cup of coffee is as follows:
1. First cup: $8
2. Second cup: $6
3. Third cup: $4
4. Fourth cup: $2
5. Fifth cup: $0
To maximize your utility, you should continue consuming coffee until the marginal benefit is equal to or less than the marginal cost.
In this case, after consuming the first cup of coffee ($8 marginal benefit), the marginal benefit is greater than the marginal cost ($5). Consuming the second cup provides a marginal benefit of $6, which is also greater than the marginal cost. However, after consuming the second cup, the marginal benefit for the third cup is $4, which is less than the marginal cost of $5. At this point, you should stop consuming coffee as the additional benefit is not worth the additional cost.
Therefore, you should drink two cups of coffee. The Correct option is D.
The question was incomplete, Find the full content below:
The cost of your favorite coffee is $5 per cup at the coffee shop. The marginal cost of each cup you drink is _____. The first cup of coffee you drink gives you a marginal benefit of $8. The marginal benefit from the second cup is $6, $4 from the third, $2 from the fourth, and $0 from the fifth. You should drink _____ cups of coffee.
A. $5; three
B. $2; five
C. $0; three
D. $5; two
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A local wine equipment manufacturer is planning to issue stocks. The company just paid a dividend of $3.60. They now expect to pay dividends to grow at 15% for the next 3 years and thereafter grow at an annual rate of 8%. What should be the price of the stock given these revised forecasts? Assume a rate of return of 16%
How does a cumulative voting system allow minority representation in corporations?
Answers
Answer:
To calculate the price of the stock, we need to use the dividend discount model. Here are the steps:
1. Calculate the dividend growth rate for the first 3 years:
Dividend growth rate (years 1-3) = 15%
2. Calculate the dividend growth rate from year 4 onwards:
Dividend growth rate (year 4 onwards) = 8%
3. Calculate the expected dividend for year 1:
Expected dividend (year 1) = $3.60 * (1 + 15%) = $4.14
4. Calculate the expected dividend for year 2:
Expected dividend (year 2) = $4.14 * (1 + 15%) = $4.76
5. Calculate the expected dividend for year 3:
Expected dividend (year 3) = $4.76 * (1 + 15%) = $5.50
6. Calculate the expected dividend for year 4:
Expected dividend (year 4) = $5.50 * (1 + 8%) = $5.94
7. Calculate the expected dividend for year 5:
Expected dividend (year 5) = $5.94 * (1 + 8%) = $6.42
8. Calculate the price of the stock using the dividend discount model:
Price of the stock = ($4.14 / (1 + 16%)^1) + ($4.76 / (1 + 16%)^2) + ($5.50 / (1 + 16%)^3) + ($5.94 / (1 + 16%)^4) + ($6.42 / (1 + 16%)^5)
Price of the stock = $47.13
Therefore, the price of the stock should be $47.13 given the revised forecasts.
Cumulative voting is a system that allows minority representation in corporations by giving shareholders the ability to concentrate their votes on a smaller number of candidates. In a typical voting system, shareholders can vote for one candidate for each board seat, which can make it difficult for minority shareholders to elect a representative. With cumulative voting, shareholders can cast all their votes for a single candidate, which can increase the chances of electing a representative from a minority group. This system allows minority shareholders to have a greater say in the election of board members and can help to promote diversity and representation in corporations.
1. Developing a bonus reward system for the managers of the various offices of the AAA (American Automobile Association) Travel Agency. check all that apply 1 Providing information for decision making and planning.unanswered Assisting managers in directing and controlling operational activities.unanswered Motivating managers and other employees toward the organization’s goals.unanswered Measuring the performance of activities, subunits, managers, and other employees within the organization.unanswered Assessing the organization’s competitive position, and working with other managers to ensure the organization’s long-run competitiveness in its industry.unanswered
Answers
Answer:
1. Developing a bonus reward system for the managers of the various offices of the AAA (American Automobile Association) Travel Agency:
Motivating managers and other employees toward the organization’s goals.
Explanation:
A company's bonus reward system is an incentive scheme or program which promotes specific actions or behavior of a specific person or group. It is a type of compensation which an employer gives to an employee that adds to their base pay or salary. Bonuses are used to reward achievements, to show gratitude to employees who meet longevity milestones, or to entice not-yet employees to join the company's ranks. Some bonus reward systems are a hybrid of financial and non-financial rewards, including employee recognition, training, development, and increased job responsibility.
promotional Scavenger
Answers
Example of incentives promotion could be offering a discount or a special promotional price for a limited time to encourage immediate purchase.
Hence, a person who constantly seeks out these promotions is caalled a Promotional scavenger.
What is promotion?Promotion in marketing refers to any sort of marketing communication that is used to enlighten target audiences about the relative qualities of a product, service, brand, or problem, and is usually persuasive in nature.
Revenue promotions can assist your firm acquire new clients in addition to raising immediate revenue. Encourage repeat purchases and loyalty. acquire insights about customer behaviors.
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At December 31, 2020, Grand Company reported the following as plant assets.
Land $4,000,000
Buildings $28,500,000
Less: Accumulated depreciation-buildings 12,100,000 16,400,000
Equipment 48,000,000
Less: Accumulated depreciation-equipment 5,000,000 43,000,000
Total plant assets $63,400,000
During 2023, the following selected cash transactions occurred.
Apr. 1 Purchased land for $3,841,200.
May 1 Sold equipment that cost $1,047,600 when purchased on January 1, 2016. The equipment was sold for $296,820.
June 1 Sold land for $2,793,600. The land cost $1,746,000.
July 1 Purchased equipment for $1,920,600.
Dec. 31 Retired equipment that cost $1,222,200 when purchased on December 31, 2013. No salvage value was received.
The company uses straight-line depreciation for buildings and equipment. The buildings are estimated to have a 50-year life and no salvage value. The equipment is estimated to have a 10-year useful life and no salvage value. Update depreciation on assets disposed of at the time of sale or retirement.
Required:
Record journal entries in the order presented in the problem. (If no entry is required, enter "No Entry" for the account titles and enter 0 for the amounts.)
Answers
Answer:
yess omg correct babe
Explanation:
it is especially important for startup companies to create and follow a well-designed e-commerce strategy. which of the following is the last phase in a well-designed strategy?
Answers
It is especially important for startup companies to create and follow a well-designed e-commerce strategy. Therefore, the last phase in a well-designed strategy is: C. mobile platform planning and implementation.
What is a business information system?A business information system (BIS) can be defined as a collection of computer systems and Human Resources (HR) that is used by a business organization, e-commerce firm, or manager to obtain, store, compute, and process data, as well as the dissemination of information, knowledge, and the distribution of digital products from one location to another.
What are the components of a business information system?In Computer technology, there are different components of an business information system (BIS) and these include the following:
ProceduresHardwareSoftwareDataGenerally speaking, mobile platform planning and implementation should be the last phase of a well-designed e-commerce strategy because this would enable customers to shop and pay for goods remotely.
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Complete Question:
It is especially important for startup companies to create and follow a well-designed e-commerce strategy. Which of the following is the last phase in a well-designed strategy?
Multiple Choice
web development
web implementation
mobile platform planning and implementation
social media planning
Which of the following best explains why a country might specialize in the production of a good?
O Consumers in the country only demand a single good.
O The country believes it is generally better to do one thing really well than multiple things.
The country cannot produce other goods and services.
Specialization allows the country to exchange for more of other goods than it could produce.
Answers
The best explanation for why a country might specialize in the production of a good is specialization allows the country to exchange for more of other goods than it could produce (option D).
Specialization in the production of a particular good enables a country to take advantage of its available resources, labor, and technology to produce that good more efficiently and at a lower cost compared to other countries. As a result, the country can sell its specialized good to other countries in exchange for other goods that it needs but cannot efficiently produce on its own.
For example, if a country specializes in the production of coffee, it can produce coffee beans at a lower cost and higher quality than other countries due to its favorable climate and available resources. The country can then trade its coffee for other goods that it cannot produce as efficiently, such as electronics or machinery.
Specialization also leads to increased productivity and efficiency, as workers can focus on producing a specific good and become highly skilled in that area. This can lead to technological advancements and innovations, which can further improve production efficiency and competitiveness in the global market.
In conclusion, specialization allows a country to leverage its strengths in the production of a specific good, trade it for other goods it needs, and increase productivity and competitiveness.
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a Identify one factor that could result in a higher break-even point
b Calculate the forecast average monthly profit figures for the two menu
options.
Answers
1. One factor that could result in a higher break-even point is a reduced contribution margin per unit (or ratio).
2. The forecast average monthly profit figures for the two menu options are as follows:
Current Proposed
Revenue $48,000 $33,600
Variable costs 12,000 9,600
Contribution margin $36,000 $24,000
Fixed costs 28,000 24,000
Net income $8,000 $0
What is the break-even point?The break-even point is the sales level that equates the total revenue to the total costs (fixed and variable).
When the break-even point is reached, there are no profits or losses.
To generate some profits, the sales level must exceed the break-even point.
Current Menu Option:Revenue per week (600 at $20) = $12,000
Total monthly revenue = $48,000 ($12,000 x 4 weeks)
Average variable cost per meal at $5 = $3,000
Total monthly variable cost = $12,000 ($3,000 x 4 weeks)
Overhead cost per week = $7,000
Total monthly overhead cost = $28,000 ($7,000 x 4 weeks)
Proposed Menu Option:Revenue per week (600 at $14) = $8,400
Total monthly revenue = $33,600 ($8,400 x 4 weeks)
Average variable cost per meal at $4 = $2,400
Total monthly variable cost = $9,600 ($2,400 x 4 weeks)
Overhead cost per week = $6,000
Total monthly overhead cost = $24,000 ($6,000 x 4 weeks)
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What is a key role of the federal reserve in the US economy?
Answers
Answer:
A key role of the Federal Reserve in the US economy is to help maintain financial and economic stability.
Explanation:
The Federal Reserve monitors the US economy and sets monetary policy to ensure that it is functioning efficiently, promoting economic growth and low unemployment. The Federal Reserve also serves as the lender of last resort and regulates the banking system to protect consumers and ensure a safe and sound financial system. Additionally, the Federal Reserve has the authority to issue currency, manage the nation's money supply, and set interest rates.
Wasson's Classic Cars restores classic automobiles to showroom status. Budgeted data for the current year are:
The company anticipated that the restorers would work a total of 12,600 hours this year. Expected parts and materials were $1,300,000.
Time Charges Material Loading Charges
Restorer's wages and fringe benefits $281,736 -
Purchasing agent's salary and fringe benefits - $81,000
Administrative salaries and fringe benefits 50,526 21,180
Other overhead costs 15,750 79,820
Total budgeted costs $348,012 $182,000
In late January, the company experienced a fire in its facilities that destroyed most of the accounting records. The accountant remembers that the hourly labor rate was $68.10 and that the material loading charge was 83.20%.
a. Determine the profit margin per hour on labor. (Round answer to 2 decimal places, e.g. 10.50.)
b. Determine the profit margin on materials. (Round answer to 2 decimal places, e.g. 10.50.)
c. Determine the total price of labor and materials on a job that was completed after the fire that required 150 hours of labor and $62,000 in parts and materials.
Answers
a. The determination of the profit margin per hour on labor is $510,048 ($68.10 x 12,600 - $348,012).
b. The determination of the profit margin on materials is $242,359.94 ($510,048 x 83.2% - $182,000).
c. The determination of the total price of labor and materials on a job completed after the fire requiring 150 hours of labor and $62,000 in parts and materials is as follows:
Labor Materials
Hours required 150 hrs. $62,000
Total price $10,215 ($68.10 x 150) $51,584 ($62,000 x 83.20%)
What is the profit margin?Profit margin is computed as the revenue minus the expenses.
For trading organizations, the profit margin is the difference between the sales revenue and the operating expenses.
Data and Calculations:Estimated total labor hours = 12,600
Expected parts and materials costs = $1,300,000
Time Charges Material Loading
Charges
Restorer's wages and fringe benefits $281,736 -
Purchasing agent's salary and fringe benefits - $81,000
Administrative salaries and fringe benefits 50,526 21,180
Other overhead costs 15,750 79,820
Total budgeted costs $348,012 $182,000
Hourly labor rate = $68.10
Material loading charge = 83.20%
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Where would your client navigate to view the status of a bill payment that was paid using Bill Pay powered by Melio?
Answers
Here are the steps:
Go to the Reports menu on the left pane.Select Bills and Applied Payments from the What you owe section.Click the Customize button at the top.Go to the Rows/Columns drop-down, and then check the box for the Tracking # and other info you want to include it.I hope this helps!!!
what is the background of the unilever company?
Answers
Answer:
Ueliever somthing i forgot
Explanation:
At the end of the video, Keith Reinhard says that advertisers have the ability not only to lift up the brands they work for but also to lift up the human spirit. Do you think this is true? Is it their responsibility? Explain.
Answers
ahi-dasa-uxy j0in on g00gle meet
Explain how presentations differ based on exploratory research versus surveys.
Answers
Answer: On exploratory research versus survey, The presentations differ to confirm the exact nature of the problem to be solved.
Explanation:
On exploratory research versus survey, The presentations differ to confirm the exact nature of the problem to be solved." It is used to ensure that further research is taken into account during the experiment. exploratory research versus survey, The introductions contrast to affirm the specific idea of the issue to be understood." It is utilized to guarantee that further examination is considered during the trial, just as organize research.
Survey may be an area view of what's been considered without going into much depth sometimes
This résumé format focuses on the tasks or skills that an applicant can perform:
a.
Chronological
b.
Functional
c.
Electronic
d.
Scannable
Answers
The functional resume format focuses on the tasks or skills that an applicant can perform. Thus, option D is correct.
What is a resume?A resume can be defined as a document with suggestions that the details of a particular person, especially an applicant, are being mentioned. It usually defines the person's career information as well as some personal background. Also, if they have taken any courses or have had any experience, all of this is mentioned in a resume.
A functional resume can be defined as a resume whose purpose is to focus on the skills of a person. The primary focus is on the skill that a person processes.
Therefore, option D is the correct option.
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4. During a slow business period, an associate sees a new hire having trouble answering a customer's questions. The customer is ready to leave. What should the
associate do?
O A. Step in and say, "Here, let me help," then ring the sale
OB. Approach them and ask, "Can I help answer any questions?
OC. Alert the manager that the new hire needs help
D. Watch without interrupting and advise the new hire after the customer leaves
Answers
In this situation, the most appropriate course of action for the associate would be to choose option B: Approach them and ask, "Can I help answer any questions?"
In this situation, the most appropriate course of action for the associate would be to choose option B: Approach them and ask, "Can I help answer any questions?" By approaching the new hire and offering assistance, the associate demonstrates teamwork and a willingness to support colleagues. This approach allows the new hire to handle the customer interaction directly, gain experience, and build confidence. However, the associate's presence and offer to help signal that they are available to step in if needed. Interrupting the interaction completely, as in option A, may undermine the new hire's ability to learn and handle customer inquiries independently. It is essential to strike a balance between providing support and allowing the new hire to develop their skills. Option C, alerting the manager, should be reserved for situations where the new hire is struggling consistently or if the customer's concerns are not being addressed. It is generally more effective to offer immediate assistance before involving higher-level management. Option D, watching without interrupting and advising the new hire afterward, misses the opportunity to salvage the customer's experience in real-time. Addressing the customer's concerns promptly and preventing them from leaving is crucial for maintaining customer satisfaction and loyalty. In summary, approaching the new hire and offering assistance while the customer is still present (option B) strikes a balance between supporting the new hire and ensuring a positive customer experience.
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Increased capital investment is generally used for what business expenses?
A:capital expenditures
B:employee compensation
C:inventory purchases
D:health insurance
Answers
If consumers start saving more rather than spending, what is most likely to happen? A Decrease in Savings, B Increase in the real interest rate, C Decrease in the Supply of loanable funds, D Decrease in the real interest rate
If the Federal Reserve institutes Contractionary Policy, which of the following is most likely to increase? A Interest rates ,B Gross Domestic Product ,C Government spending , D Tax rates
Answers
If consumers start saving more rather than spending, the most likely outcome would be a decrease in the real interest rate (option D).
If the Federal Reserve institutes Contractionary Policy, the most likely outcome would be an increase in interest rates (option A).
What happens If consumers start saving more rather than spendingThis happens because an increase in savings means that there is more supply of loanable funds in the market, which can lead to a decrease in the cost of borrowing and, consequently, a decrease in the real interest rate.
What happens if Federal Reserve institutes Contractionary PolicyIf the Federal Reserve institutes Contractionary Policy, the most likely outcome would be an increase in interest rates (option A). Contractionary policy is designed to reduce the money supply and slow down economic growth to combat inflation.
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2. What will $110,000 grow to be in 9 years if it is invested today at 11%?
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The $110,000 would grow to $ 281,384.06 in 9 years if invested at 11% per year.
What is future value?
The future value of an amount is its future equivalent value when the amount invested today has earned interest as well as the interest earned upon interest, which is known as the compounding effect, for instance, interest earned in year 1 would also earn interest in years 2-9.
The future value formula of a single cash flow is provided below:
FV=PV*(1+r)^N
PV=$110,000
r=11%
N=number of years that investment would last=9
FV=$110,000*(1+11%)^9
FV=$ 281,384.06
In essence, $110,000 invested today would become $281,384.06 in 9 years.
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Marketing through social media is very popular today. You have seen how mobile technology has accelerated the use of social media for marketing.
Research at least three mobile marketing techniques and then write a report about a company that has used mobile marketing with success. Include the following points in your report:
Describe in detail the technique used in the mobile marketing campaign.
What was the campaign trying to achieve?
Who was the target audience? What techniques did the company use to broaden the audience base?
Describe the campaign process in detail.
What results did the campaign achieve?
How did mobile technology play a key role in the marketing campaign?
How did mobile technology enhance the campaign compared to traditional marketing methods?
Why do you think the campaign succeeded?
In what ways could the company have improved the campaign?
Answers
Answer:
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What is Mobile Marketing? (The Best Answer Ever!)
Both marketers and consumers begin their web services on mobile. Digital marketers in particular are excited to run mobile campaigns, because they know that mobile users are motivated buyers.
According to Salesforce, “68% of companies have integrated mobile marketing into their overall marketing strategy.”
The earlier you start reaching out to them, and solving their problems, the more results you will get in your business.
It’s no secret that building a successful online business has its challenges. One of such is knowing how to interact with potential customers on different platforms and devices.
Not only will you get the best results out of mobile, but a good understanding of how mobile marketing works will put you in total control of your marketing.
Let me get you started with a quick definition.
What is Mobile Marketing?
Andreas Kaplan defines mobile marketing as:
“Any marketing activity conducted through a ubiquitous network to which consumers are constantly connected using a personal mobile device.”
Wikipedia defines it as “marketing on or with a mobile device”.
Margaret Rouse defines it as:
“As a promotional activity designed for delivery to cell phones, smartphones, and other handheld devices, usually as a component of a multi-channel campaign.”
I define it as marketing for mobile users.
What-is-Mobile-Marketing??
Mobile phones are changing the way your target audience and customers engage with your brand. People visit your website on their phones, open your emails on smartphones, and buy from your store through their phones.
Putting your business right where your customers are – on the go – is what mobile marketing is all about. Any marketing plan today that ignores mobile marketing is a failed plan.
A Brief History of Mobile Marketing
The history of mobile marketing links back to the time when the first commercial mobile SMS and shortcodes were launched in 2003.
Pontiac and Nike were the first two brands that launched SMS campaigns in 2005. This was the time when both brands realized that mobile marketing is the future because people were crazy about mobile phones.
By 2007, there were 2.4 billion SMS users throughout the globe. Apple launched its first iPhone in the US and QR codes were incorporated into mobile marketing in 2010, which led to the beginning of a new era in marketing.
By 2011, mobile marketing was a $14 billion dollar global industry.
By 2013, Android and iOS had dominated the market and it’s the time when apps were becoming popular and smartphones were replacing traditional mobile phones.
By 2014, the number of mobile phone users exceeded the number of computer users and people were accessing the internet from their phones.
Today, 89% of mobile time is spent on apps while the remaining 11% is spent on websites. This is the number one reason why 71% marketers say that mobile marketing is core to their business, while 68% brands have integrated mobile marketing into their overall marketing strategy.
Brands that lack a mobile marketing strategy must rethink their marketing strategy, because all such brands are losing customers every second.
Explanation:
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