A sales compensation plan involving a combination of salary plus commission on net sales is popular because it: Offers some of the advantages of a salary plus the incentive and flexibility features of a commission.
What is a sales compensation plan?
An organized method for calculating a sales representative's pay based on performance is called a sales compensation plan. It contains information on all facets of a salesperson's income, including basic pay, commission, incentives, and perks. A payment package known as a compensation plan is made to entice and keep employees. A salary or pay is the only component of a basic remuneration package. Additional advantages like bonuses, incentives, commissions, health insurance, or retirement investments may be part of a more comprehensive package of benefits. Compensation may also be given as a reward for outstanding work output. Bonuses, commissions, shares, profit sharing, and gain sharing are a few examples of these schemes.
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southeast plumbing had cash sales for the month totaling $732,000. southeast offers a 6-month warranty on its services. if southeast estimates warranty claims will equal 3% of sales, the journal entry to record the estimated warranty expense for the month is:
Charge for warranty, $21,960; credit The probable warranty amount due is $21,960.
What is the estimated cost of the warranty?
a liability account that details the anticipated cost of repairing or replacing a product during its warranty period. At the time of the sale, the amount of the liability is recorded.
Is the warranty payment credited or debited?
With a debit to the warranty expense account and a credit to the warranty liability account, accrue the warranty expense. Debit the warranty liability account and credit the inventory account for the cost of the replacement products and parts sent to customers as actual warranty claims are received.
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What is the best example of an etiquette guideline new employees should follow? question 2 options: take credit for a coworker's ideas if you can get away with it bully employees lower on the company hierarchy to help with your tasks let your teammates know if you could potentially miss a deadline arrive five minutes late for meetings because they never start on time
Answer:
To help with your tasks let your teammates know if you could potentially miss a deadline.
How do the basic characteristics of free enterprise support the idea that the united states is a land of opportunity?.
Our laissez-faire economy has many key characteristics: profit motive, open chance, legal equality, personal property rights, free contract, voluntary exchange, and competition. The profit motive encourages folks to boost their material well-being.
United Nations agency decides. Forms of Economic Systems. Pure capitalist economy. Conjointly called: market economy; competition. Perceive forms of economic systems and their historical development. Describe capitalist economy and socialism each in theory and the application.
A system of laws and courts provides the essential legal infrastructure for all business acquiring depends.
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the next dividend payment by savitz, incorporated, will be $2.75 per share. the dividends are anticipated to maintain a growth rate of 5 percent forever. if the stock currently sells for $41 per share, what is the required return?
The Required return is 10.88%.
Given,
40 = frac{2.75}{r - 0.04}
r - 0.04 = 2.75/40
r - 0.04 = 0.06875
r = 10.875%
r = 10.88%
The required rate of return is the minimum ideal return on funding sought by way of individuals or organizations thinking about an investment opportunity.
The required rate of return (RRR) is the minimum quantity of profit (return) an investor will seek or obtain for assuming the chance of making an investment in a stock or another kind of security. RRR is also used to calculate how profitable a project might be relative to the value of an investment that undertaking.
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(6 points) country day's scholarship fund received a gift of $47000. the money was invested in stocks, bonds, and cds for one year. the cds paid 1% interest, the bonds paid 3% interest, and the stocks paid 8% interest. the amount invested bonds was $18000 more than the amount invested in cds, and the total income for one year from the investments was $2620. how much was invested in each type?
Amount invested in cds is 2000, bonds is 20000 and stocks is 25000
Total fund received = $47000
Interest on cds = 1%
Interest on bonds = 3%
Interest on stocks = 8%
Let x be the amount invested in CDs be x, then the amount invested in bonds = x+18000 and the amount invested in stocks will be y
Formulating the equation we get:
x + x+18000 +y = 47000
2x + y = 29000-----(1)
Another equation:
1%of x + 3% of x+18000 + 8% of y = $2620
0.01x + 0.03x + 540 + 0.08y = 2620
0.04x + 0.08y = 2080
4x + 8y = 208000
Dividing by 2 we get
2x + 4y = 104000----(2)
Equating (1) and (2) we get:
3y = 75000
y = 25000
Substituting y in (1) we get
2x = 4000
x = 2000
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since entrepreneurs can't compete with larger firms' pay and benefits, what are three ways they can motivate employees? multiple select question. maintain good employee relations increase employees' workload provide more challenging opportunities to learn be respectful of employees' opinions reduce employee empowerment
The primary driver of long-term economic prosperity is productivity growth, which raises a society's material well-being, raises living standards, and drives innovation.
How can the government encourage entrepreneurship in four ways?Entrepreneurship can be encouraged by the government by:
allowing private business ownership.enacting legislation that enables businesses to create legally binding contracts.creating a currency that can be traded on global markets.reducing the amount of corruption in its own ranks and in business.What are the three most crucial responsibilities of an entrepreneur?Innovation and creativity, taking risks, success, organization and management, catalyzing economic growth, overcoming change resistance, and research are some of the many roles that entrepreneurship plays.
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Answer:
be respectful of employees opinions
provide more challenging opportunities to learn
maintain good employee relations
Explanation:
eff stapleton acquired a $1,995 installment loan to pay for a new laptop computer. he will repay the loan in 12 monthly payments of $174.70. determine the approximate apr.
9.25% is the approximate APR
The annual percentage rate (APR) is the interest generated by a sum charged to borrowers or paid to investors each year. APR is a percentage that represents the actual yearly cost of funds over the life of a loan or the income earned on an investment. This includes any fees or additional costs associated with the transaction but excludes compounding. The APR provides consumers with a single number that they can use to compare lenders, credit cards, and investment products.
An annual percentage rate (APR) is the annual interest rate charged on a loan or earned on an investment.
Before any agreement is signed, financial institutions must disclose the APR of a financial instrument.
To protect consumers from misleading advertising, the APR provides a consistent basis for presenting annual interest rate information.
Because lenders have a fair amount of leeway in calculating it, an APR may not accurately reflect the actual cost of borrowing.
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which of the following is a goal of working capital management? a.) to minimize the cash conversion cycle and, if possible, invert it b.) to balance profitability and liquidity in order to meet growth objectives c.) to maximize profitability at the expense of liquidity d.) to accumulate as much cash and cash equivalents as possible
The goal of working capital management is to accumulate as much cash and cash equivalents as possible,
Monitoring a company's assets and liabilities is necessary for maintaining enough cash flow to cover short-term operating expenses and short-term debt commitments.The working capital ratio, collection ratios, and inventory ratios are just a few of the ratios that are tracked as part of working capital management.Utilizing resources effectively through working capital management can enhance a company's cash flow management and earnings quality.The basic goal of working capital management is to make it possible for the business to keep enough cash flow to cover its short-term operating expenses and short-term debt commitments. Current assets less current liabilities equals a company's working capital.Learn more about working capital, here
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rose is concerned about a stock in her portfolio because in recent periods, the dividend she has received for each share has gotten smaller while the share price has remained relatively constant. what financial metric is rose analyzing? dividend yield dividend per share payout ratio dividend cover
The financial metric is rose analyzing is the dividend yield.
Dividend stocks and dividend ETFs can offer diversification in a portfolio and they also can generate earnings for retirement. Being conscious of ways you intend to spend when you retire and what type of profits you may want can help you devise a plan for the way to live off dividends for the long term.
Over time, the coin float generated by the one dividend bill can supplement your Social protection and pension earnings. Perhaps, it is able to even offer all the cash you need to maintain your preretirement lifestyle. It's miles possible to live off dividends in case you perform a little planning.
They are paid out of the income and earnings of the corporation. Dividends can be categorized both as regular or qualified. Whereas ordinary dividends are taxable as regular earnings, qualified dividends that meet sure requirements are taxed at decreased capital gain charges.
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when buying groceries, many shoppers prefer certain products simply because they have a familiar brand name. this preference best illustrates the importance of: please choose the correct answer from the following choices, and then select the submit answer button. answer choices social facilitation. the mere exposure effect. mirror-image perceptions. deindividuation.
The following statement, the correct answer is the mere exposure effect.
According to a psychological phenomenon known as the "mere exposure effect," people are more likely to favor objects or persons that they are already familiar with. Familiarity grows with repeated exposure. It follows that the familiarity effect is another name for this phenomenon.
Our propensity to form preferences for things only because we are familiar with them is known as the mere exposure effect. It also goes by the name of the familiarity principle for this reason.
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Money neutrality suggests that an increase in the money supply leads to _____ in price level and inflation and _____ in real gdp.
Money neutrality suggests that an increase in the money supply leads to an increase in price level and inflation and cause no change in real GDP.’
Money Exchange equation
M×V=P×Y
When there is an increase in the money supply with no corresponding increase in output he price level changes by the same amount as the change in the money supply. In other words, even while output remains unchanged, as the money supply doubles, so does the price level.
Real GDP, also known as "constant-price," "inflation-corrected," or "constant-dollar GDP," is a measure of a nation's GDP that accounts for inflation. Real GDP and the money supply don't necessarily go hand in hand. Increase in money supply does not change the real GDP.
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vilas county hospital consumed 400 boxes of bandages per week last year. the price of bandages was $80 per box, and the hospital operates 52 weeks per year. the cost of processing an order was $64, and the cost of holding one box throughout a full year was 20% of the value of the material. last year the hospital ordered bandages, on average, once every two weeks, each time ordering 800 boxes. what extra cost did the hospital incur that could have been avoided if the eoq concept had been applied? group of answer choices more than $1,450 more than $650 and less than $1,050 less than or equal to $650 more than $1,050 and less than $1,450
The extra cost did the hospital incur that could have been avoided if the EOQ concept had been applied is option B which is more than 1450
The annual cost of ordering = Number of orders×Ordering cost
= (400×52/800)×64
= $1664
The annual cost of holding = Average Inventory×Holding cost
= (800/2)×(0.2×80)
= $6400
Total cost = 6400+1664
= $8064
EOQ = √{(2×Annual Demand×Ordering cost)/(Holding cost)}
= √{(2×400×52×64)/(0.2×80)}
= 408 Approximately
Annual cost of ordering = (400×52/408)×64
= $3262.75
Annual cost of holding = (408/2)×(0.2×80)
= $3264
Total cost = 3262.75 + 3264
= $6526.75
Difference = $8064 - $6526.75
= $1537.25
Hence option B is correct which is more than 1450.
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a software company issues shares of stock to the public for the first time in order to raise funds for a planned product expansion. what financial market is the company participating in? primary capital market primary money market secondary money market secondary capital market
A software company issues shares of stock to the public for the first time in order to raise funds for a planned product expansion. what financial market is the company participating in Primary capital market.
Shares and stock are two terms that are often used interchangeably, but they actually refer to two different things. Shares refer to a unit of ownership in a company, while stocks refer to a collection of shares that are traded on a stock exchange.
When you buy shares in a company, you are buying a small piece of that company and becoming a shareholder. When you buy stocks, you are buying a bundle of shares in multiple companies.
Hence, the correct option is "First".
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the true interest rate used by investors to value a bond issue is referred to as the: multiple choice question. market interest rate prime interest rate stated interest rate nominal interest rate
Option A. The true interest rate used by investors to value a bond issue is referred to as the: is market interest rate.
What is market interest rate?The current interest rate provided on cash deposits is known as the market interest rate. This rate is affected by a number of variables, including as the interest rates set by the central bank, the inflow and outflow of capital, the quantity and length of deposits, and the duration of deposits.
The cost-benefit ratio of the instrument was determined by the market rate, which is the rate of interest on a loan or investment that is typically offered on the market for that product. The market rate for a loan is the typical interest rate that will be assessed to the recipient by a number of lenders.
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a financial institution has an investment horizon of two years 9.33 months (or 2.777 years). the institution has converted all assets into a portfolio of 8 percent, $1,000 three-year bonds that are trading at a yield to maturity of 10 percent. the bonds pay interest annually. the portfolio manager believes that the assets are immunized against interest rate changes. is the portfolio immunized at the time of the bond purchase? what is the duration of the bonds? will the portfolio be immunized one year later? assume that one-year, 8 percent zero-coupon bonds are available in one year. what proportion of the original portfolio should be placed in these bonds to rebalance the portfolio?
A 13.6 % proportion of the original portfolio should be placed in these bonds to rebalance the portfolio.
The investment horizon is either 21.5 months, 9.5 months, or 1 year. Therefore, the following approach can be used to determine the percentage of bonds that should be in the zeros:
21.5 months is X*12 months + (1-X)*23 months
X = 13.6 percent. As a result, after a year, 13.6% of the bond portfolio should be in zeroes.
The investment horizon will be 1 year, 9.5 months long after the first year. The bonds will be in effect for 1.9247 years, or 1 year and 11+ months, at this time. As a result, the bonds will no longer be immunized.
The tenure of the bonds is 2.7774 years or 33.33 months. Practically speaking, the bond investment horizon was immunized when it was purchased.
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a 4,000.00 principal earns 5% intrest, compound annually. after 4 years, what is the balance in the account jiska
If a principal of 4,000.00 earns 5% interest, compound yearly, the account balance would be 4862.03. 4 years after.
The interest rate is 5% per year. The relative value of interest will be 1.05 after 4 years.
Multiplying that by the initial funding yields the result 4000 * 1.05 * 4 = 4862.03
The fee paid for the right to borrow money is called interest. In contrast interest to how the interest rate used to calculate interest is typically expressed, which is as an annual percentage rate, interest expense or account balance revenue is frequently expressed as a dollar amount. Interest is the payment a lender or financial organization makes in exchange for interest extending credit. A stockholder's ownership stake in a corporation, which is typically expressed as a percentage, is another account balance definition of interest.
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What is the major difference between a block style business letter and a modified block style letter?.
Block style and a modified block style letter differ from each other with respect to the placement, formatting, and alienation of sender and receiver address.
Business letter
A business letter is a formal document intended to convey information to several recipients, either internally or outside. Block style and modified block style letters are both types.
Block style letter
The full-block form is the standard format for a formal business letter. Use the complete block format as a safe choice if you're unsure. The paragraphs are not indented for this kind of layout. All elements of the business letter, including the sender and recipient addresses, are left-aligned in the full-block format. A new paragraph is indicated for readability by skipping a line.
Modified block-style letter
The sender's address is positioned to the right in the modified block form, but else it is identical to the full block form. Compared to the full-block format, this format is a little less formal. When writing to someone with whom you have a professional relationship, this structure works well.
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fred is a concert violinist who is scheduled to perform at carnegie hall for the first time. fred buys what he is told is a stradivarius violin from a well-known, reputable dealer in quality violins, and he pays the very expensive price for a stradivarius. carl is not an expert in verification of violins. he later learns the violin is an imitation, which should not have fooled the dealer. in this case:
He later learns the violin is an imitation, although it is such a good imitation that even the dealer thought it was authentic. For joint error, the buyer has the right to revoke the sale.
Who is a Buyer?A buyer is a person who chooses what things are stocked in the retail sector, and their main duty is managing all the merchandise that enters the store. Buyers typically collaborate closely with designers and the sales agents they have been assigned, and they go to trade events, wholesale showrooms, and imitation fashion shows to watch trends. They could work for big department stores, big chains, or little boutiques. In tiny independent shops, a buyer may be involved in both sales and promotion, but in larger fashion retailers, there may be multiple degrees of seniority, including trainee buyers, imitation buyers, senior buyers and buying managers, and buying directors. Stocking decisions can have a big impact on the fashion industry.Ensuring that the store is adequately stocked with a wide choice of designer clothing is one of the duties that buyers at department stores may have. However, if they work with a fashion company they can be in charge of imitation the entire product creation process as well as the subsequent product delivery.To learn more about buyer from the given link:
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in which type of manufacturing process would each individual item in the group go through one stage of the production process before the whole group moves on to the next stage? in which type of manufacturing process would each individual item in the group go through one stage of the production process before the whole group moves on to the next stage? line flow production batch production job shop production continuous flow production
The manufacturing technique known as batch production involves the simultaneous production of a single batch of identical goods through a series of distinct stages.
What exactly is the manufacturing production process?
Beyond just a bill of materials, manufacturing production refers to the process of producing goods for sale in the most effective manner.The following are three typical types of manufacturing production processes: MTS stands for make to stock, MTO for make to order, and MTA for make to assemble.
Which of the four processes are it?
Project, jobbing, batch, line, and continuous are the most common types of manufacturing processes. Project processes result in low-volume, high-variety products. The stationary location of the product is a feature of the project process.
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a default premium is the interest rate premium group of answer choices under normal market circumstances. for government debt. when there are no market fluctuations. covering the default risk.
A default premium is the interest rate premium Option(c) covering the default risk.
What is Premium?Health insurance premiums you pay each month. A deductible, copayment, and coinsurance typically accompany your health insurance premium. Premium tax credits may help you lower your costs with a Marketplace health plan.
Choosing a plan might not be as easy as choosing the one with the lowest monthly premium. An insurance plan with a higher premium but a lower deductible can save you a lot of money if you need a lot of health care.
Questiona default premium is the interest rate premium group of answer choices under normal market circumstances. for government debt. when there are no market fluctuations. A default premium is the interest rate premium
Option(a) under normal market circumstances.
Option(b) when there are no market fluctuations.
Option(c) covering the default risk.
Option(d) for government debt.
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janan has been running a furniture refinishing business for more than ten years. the business has continued to grow, and she finds that she has less time for the administrative facets of her business. janan decides to hire an office manager who has knowledge of accounting and payroll to assist her. which of the five factors of production is janan most impacting?
Land and natural resources, labor, capital, and entrepreneurship are the four fundamental components. The environment is referred regarded as a fifth factor of production by contemporary economists.
Are there 5 factors of production?The resources that people use to create goods and services are known as factors of production in economics; they serve as the foundation of the economy.The four categories of factors of production that economists distinguish between are land, labor, capital, and entrepreneurialism.Generally speaking, one of the most crucial production elements is land. Land is more important to some sectors than others. For instance, a developer of real estate needs it to recover its investments.Natural resources (land, water, soil, rainfall), labor, and capital make up the bulk of the industrial process. These are several goods that farmers make, each of which relies on inputs to yield results.To Learn more About factor of production Refer to:
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in which situation is the amount of money earned determined by a proportional relationship? an editor charged her clients $1.25 per page for editing. a tour guide at the museum was paid a salary of $1,500 for the entire year. a dog walker charged her clients a $10 flat-rate monthly fee plus $5 per walk. a songwriter was paid a different amount for each song she wrote depending on its popularity.
The situation where the amount of money earned determined by a proportional relationship is a dog walker charged her clients a $10 flat-rate monthly fee plus $5 per walk.
What is a Proportional relationships?Proportional relationships ca be described as the relationships tha can be seen between two variables and between this variables the ratios are equivalent.
It should be noted that when dealing with the proportional relationship, it should be taken int the consieration that one variable among the determinant variables is always a constant value times the other.
In conclusion, this can be seen in the way the option C is arrnged, because the we see how the client do charge the amount of $10 which is the flat rate that is been charged for every work without changing the price which remain constant with the charges that can chage depending on the work.
Therefore the third option is correct.
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if a country had a trade surplus of $100 billion and then its exports rose by $40 billion and its imports rose by $30 billion, its net exports would now be
The net exports would now be $110 billion.
What are net exports?
A country's overall commerce is gauged by its net exports. The calculation of net exports is straightforward: Net exports are calculated as the total value of a country's exports less the total value of its imports of goods and services.
If a country's net exports are positive, it has a trade surplus; if they are negative, it has a trade deficit. Thus, a country's overall trade balance includes its net exports as part of it.
A nation with positive net exports earns more money from the sale of its commodities abroad than it does from all of its imports combined. The total amount of products and services that a nation exports to other countries includes all of its exports of goods, freight, travel, tourism, communication, and other services.
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1.why do you think starbucks has been so concerned with social responsibility in its overall corporate strategy?
Two reasons Starbucks has been thus involved with corporate social responsibility (CSR) are the negative impact on the corporate if they are not and the money and commercial enterprise rewards as a result.
Starbucks has been engaged in accountable business practices virtually from day one in every operation. To positively impact the communities it works with and in, Starbucks develops community stores that partner with native nonprofits. The nonprofits these stores work with provide services aimed to satisfy the wants of the communities they are settled in.
CSR initiatives for Starbucks cowl a wide selection of business aspects and worker relationships like supporting native communities, educating and empowering staff, gender equality and minorities, energy and water consumption, waste reduction etc.
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an entity with a large volume of customer remittances by mail most likely can reduce the risk of employee misappropriation of cash by using group of answer choices employee fidelity bonds. independently prepared mail room prelists. daily check summaries. a bank lockbox system.
An entity with a large volume of customer remittances by mail could most likely reduce the risk of employee misappropriation of cash by using a bank lockbox system.
A customer is someone who buys goods or services from a business. Customers are important to businesses because they are the ones who generate revenue. Employee, on the other hand, are the people who work for the business.
They are responsible for carrying out the day-to-day operations of the entity. Employees are important to businesses because they are the ones who make the business run.
Hence, "Fourth" is the correct option.
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On august 1, , , inc. , sold equipment and accepted a six-month, %, note receivable. year-end is december 31. How much interest revenue should accrue on december 31, ?.
The correct answer to the given question is $1875. Interest revenue is an entity's earnings from any investments it makes or on the debt it owns.
Interest revenue includes a different, which means reckoning whether or not the accounting system or accounting is employed.
Given that,
Amount of note = $50,000
Time period = 6 months
Interest rate = September 11
Interest amount:
= Principle quantity × rate × period
= $50,000 × 0.09 × (6/12)
= $2,250
Interest increased from 1 August- 31 August Gregorian calendar months:
= (Interest quantity ÷ 6 months) × 5 months
= ($2,250 ÷ 6 months) × 5 months
= $375 × 5 months
= $1,875
Interest revenue represents the quantity of interest an organization attained throughout a selected period.
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you accept a mortgage for $130,000. what finance charge will you have to pay at closing if the lender charges 2 points?
$2,600 charge will have to pay at closing if the lender charges 2 points for accepting a mortgage.
What is the meaning of mortgage?
Mortgage loans are used to buy a home or to borrow money against the value of a home you already own.
What are two types of mortgages?
Fixed Rate Loan vs Adjustable Rate Loan
Mortgages are available with two different types of interest rates: fixed and adjustable. On a fixed-rate loan, the interest rate stays the same for the entire life in the loan. That means you lock in the interest rate of today's market for the next 15-30 years.
What are types of mortgages?
The main types of mortgages are Department of Veterans Affairs-insured, and U.S. Department of Agriculture-insured.
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WHICH OF THESE INDIVIDUALS IS AN ENTREPRENEUR?????????
A. A farmer who sells his crops in many different countries
B. A banker who is in charge of hundreds of accounts
C. An engineer who gets a mortgage to buy a new house
D. A chef who decides to open her own restaurant
WILL GIVE BRAINLIST
Answer:
The answer is C. Because it brings more profitability to his businesssarah works for a market research firm that has been hired to assess customer perceptions of quality for franchise restaurants in the chain. measuring quality can be challenging because quality is .
Because many intangible elements affect customer happiness, measuring service quality is difficult.
Why is it challenging to evaluate service quality?It is more challenging to determine and assess the quality of a service than a product. With services, there is direct interaction between the supplier and the client, the service is immaterial, and there is a significant chance of inaccuracy. Tangibility, dependability, responsiveness, assurance, and empathy are the five service quality dimensions. You can identify areas for development, evaluate and compare team members' performance, set specific goals to work toward, and raise customer happiness by measuring service quality. Measurement resistance is also brought on by a lack of data understanding, a lack of resources, bad experiences, a lack of data accuracy, and a lack of senior leadership involvement.
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on january 1, 2021, glanville company sold goods to otter corporation. otter signed an installment note requiring payment of $15,500 annually for six years. the first payment was made on january 1, 2021. the prevailing rate of interest for this type of note at date of issuance was 9%. glanville should record sales revenue in january 2021 of:
Glanville should record sales revenue in January 2021 of $104,846.70
Annual payments are $21,000
And, the PVIFA factor is 3.9927
So, the sales revenue is
= $21,000 + $21,000 × 3.9927
= $21,000 + $83,846.70
= $104,846.70
In general business operations, income discusses any transactions where money or price is exchanged for the ownership of a good or entitlement to a provider. In an accounting context, sales talk to a business enterprise's revenue earned from the sales of services or products (internet sales).
Income is the system of convincing a purchaser to purchase items or offerings. At a business, the sales method commonly includes salespeople contacting leads who shape the customer profile in their goal market (regularly it is the advertising department that first identifies these leads).
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