Sonja's company receives $20.81 per unit with a retail margin of 40% and a wholesale margin of 15%
It is given that Sonja has set a retail margin of 40%, and a wholesale margin of 15%.
Retail Price = Wholesale price + Retail margin X Wholesale price
or, Retail Price = (1 + Retail margin) X Wholesale price
The retail price is given as $35.50.
Hence,
35.50 = (1 + 40/100) X Wholesale Price
Or, Wholesale Price = 35.50 X 100/140
or, wholesale price = $23.928
Similar to the above statements,
Wholesale price = Price charged by manufacturers + Wholesale margin X price charged by manufacturers
or, Wholesale price = (1 + Wholesale margin) X Price charged by manufacturers
Hence,
23.928 = (1 + 15/100) X Price charged by manufacturers
or, Price charged by manufacturers = 100 X 23.928/115
= $20.81
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A share of stock with a beta of 0. 75 now sells for $50. Investors expect the stock to pay a year-end dividend of $2. The t-bill rate is 4%, and the market risk premium is 7%. Suppose investors believe the stock will sell for $52 at year-end. Calculate the opportunity cost of capital. Is the stock a good or bad buy? what will investors do? at what price will the stock reach an "equilibrium" at which it is perceived as fairly priced today?.
What the investors will do depends on whether the actual return will be higher, lower or the same as the required return (Opportunity cost of capital) .
What is Equilibrium in business?When market supply and demand are in balance, prices become steady. This is known as equilibrium. In general, a surplus of goods or services leads to lower prices, which increases demand, whereas a shortfall or undersupply raises prices, which decreases demand.The holding period return, which is (earnings (dividends) + (ending stock price - beginning stock price))/beginning stock price = (2 + (52 - 50))/50 = 4/50 = 8%, can be used to determine the actual return.CAPM can be used to determine the Opportunity Cost of Capital. = Risk Free Rate + beta(Market Premium) = 4% + 0.75(7%) = 9.25%The stock is a bad buy since the Opportunity Cost of Capital exceeds the Actual Return on the stock.Investors won't buy anything.
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under which circumstances will two investors choose different risky portfolios (portfolios that differ in the relative proportions of the various risky assets
The two investors will select different risky portfolios if they have different expectations for the expected returns and standard deviations of the various risky assets.
What is a risk in context of investment ?Risk, regarding finance, can be defined as the probability that an investment will not be able to yield outcomes or return that was intended. The possibility of losing the entire or a portion of the initial investment is risk.
Typically, previous behaviour and outcomes are considered when calculating risk. In finance, the standard deviation is a frequent indicator for assessing risk. A gauge of asset price volatility in proportion to average historical values over a given time period is provided by the standard deviation.
Overall, by comprehending the fundamentals of risk and how it is quantified, it is possible and smart to control investment risks.
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The complete question is mentioned below :
Under which circumstances will two investors choose different risky portfolios (portfolios that differ in the relative proportions of the various risky assets, and not just in the relative proportion of the risk-free asset to the risky assets)?
A. If the two investors have different levels of risk aversion.
B. If the two investors have different levels of wealth.
C. If the two investors disagree about the expected returns and standard deviations of the various risky assets.
D. All of the above
with one input fixed, a firm will find that as it attempts to produce more, the total product curve will increase at a decreasing rate and its marginal product curve will be:
A company will discover that, given a fixed input, when it makes an effort to create more, its marginal product curve will be downward-sloping and the total product curve will increase at a decreasing pace.
Explain about the Downward sloping?
Demand curves have a downward slope because consumers' desires to buy a product are supported by their ability to pay for it and their willingness to do so. According to the law of demand, there is an inversely proportionate relationship between a commodity's price and its demand.
The price that the monopolist may obtain for each new unit of output must decrease as the monopolist raises its output because the monopolist faces the downward-sloping market demand curve.
Negative slopes apply to downward-sloping straight lines as well as downward-sloping curves. Although all of the slopes along these two curves will be negative, we are aware that the slope varies from point to point on a curve.
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home depot learned that 75 percent of the time its customers buy a can of paint, they also purchase a paint brush. patterns and relationships like this are discovered through a technique called .
Home Depot discovered that 75% of the time when people buy a paint can, they also buy a paintbrush. These kinds of patterns and connections are found using a method known as data mining.
Explain what data mining is.Large data sets are sorted through in data mining in order to find patterns and relationships that may be used in data analysis to assist solve business challenges. Enterprises can forecast future trends and make more educated business decisions thanks to data mining techniques and technologies.
Data mining is being used to delve deeper into ever-larger databases, which aids in market segmentation. By examining the connections between variables like a customer's age, gender, and interests, it is possible to forecast their behavior to direct targeted loyalty marketing.
What benefits does data mining offer?The ability of businesses to make informed decisions is aided. Fraud and credit risk are detected with its assistance. The evaluation of enormous amounts of data by data scientists is made easier by this. The information can be utilized by data scientists to spot fraud, develop risk models, and improve product safety.
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modifying the product, modifying the market, and repositioning the product are three ways to manage a product through . multiple choice question. its life cycle achieving brand equity private branding development of a branding strategy
The life cycle of a branding strategy is the development of private branding to achieve brand equity.
In general, any brand or product has a life cycle that lasts from the point of release until the point of exit from the market. These five degrees—product development, introduction, interest, maturity, and decline—are covered by this cycle.
Branding tactics are:Here are four popular methods for growing logos for businesses looking to expand their service or product lines.
Line extension, emblem extension, new logo strategy, and flanker/combat brand approach are the four brand techniques.
In the growth stage, the market expands, the level of competition rises, sales increase, and the number of clients climbs.
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ove files a suit against po, claiming that the defendant failed to pay for goods shipped in response to an alleged e-mail order. po denies the charge. if the e-mail order exists, it is
If the e-mail order exists, then it is a. evidence.
Evidence can be described as proof or confirmation of something. It is a proof to claim and show that what you said or imposed was correct.
In the case above, there is a conflict between Ove and Po. Ove in her case has said that Po failed to ship over the goods that were mentioned in the e-mail order. Po is denying this allegation.
If the e-mail order is found then it will be evidence in front of the court that Ove was correct. Hence, in the case above, the e-mail order acts as evidence.
Although a part of your question is missing, you might be referring to this question:
Ove files a suit against Po, claiming that the defendant failed to pay for goods shipped in response to an alleged e-mail order. Po denies the charge. if the e-mail order exists, it is
a. evidence.
b. a deposition.
c. an interrogatory.
d. discovery.
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many locations require that renters be paid interest on their security deposits. if you have a security deposit of $2,300, how much would you expect to receive in interest per year at 3 percent?
As a result, you should anticipate receiving $69 annually in interest.
What is simple interest?
Simple interest is a quick and simple formula for figuring out how much interest will be charged on a loan. The daily interest rate, the principle, and the number of days between payments are multiplied to calculate simple interest.
Although some mortgages employ this calculation approach, this kind of interest typically relates to auto loans or short-term loans.
The daily interest rate, the principle, and the number of days between payments are multiplied to determine simple interest.
Consumers who pay their loans off on time or ahead of schedule each month benefit from simple interest.
Simple interest loans are frequently used for auto loans and short-term personal loans.
Calculation of expected interest
The money you put into a security deposit is still yours, and just like with a bank deposit, you should get interest on it.
You should receive the following interest on a $2,300 deposit at 3% per year:
2,300 * 0.03 = $69
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treasury stock that had been purchased for $5,500 last month was reissued this month for $6,000. the entry to journalize the reissuance would include a credit to
When an organization buys back shares from stockholders, it uses a Treasury stock account.The account has a negative nature and a debit balance that lowers the equity balance.
The Treasury Stock Account should always be recorded at par value, it should be noted.
Given,
Cash = $6000
Treasury Stock = $5,500
Capital received from the sale of Treasury Stock = $500
How Does Treasury Stock Work?The term "treasury stock," also referred to as "treasury shares" or "reacquired stock," refers to previously outstanding stock that has been repurchased by the issuing company from its stockholders. As a result, there are fewer shares available for purchase on the open market.
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_____ is the efficient management of the acquisition of raw materials to the factory and the movement of products from the producer to industrial users and consumers.
Distribution is the efficient management of the acquisition of raw materials to the factory and the movement of products from the producer to industrial users and consumers.
What is Distribution?Distribution can be described as the process that is been used by the manufacturing companies when they are trying to allocate their raw m,aterials as well as other tools that will be needed in the company so that the production of the goods can be effective and it will be able to get down to the final consumers.
It should be noted that is is usually done for effective management of the resources in th organization.
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on january 1, 2024, the holloran corporation purchased a machine at a cost of $55,000. the machine was expected to have a service life of 10 years and a $5,000 residual value. the straight-line depreciation method was used. in 2026, the company switched to the double-declining-balance depreciation method. depreciation for 2026 should be:
Annual straight-line depreciation 5000 =(55000-5000)/10
Accumulated Depreciation for 2 years 10000 =5000*2
Book value, January 1, 2026 45000 =55000-10000
Double-declining-balance depreciation date 25% =1/8*2
Depreciation for 2026 11250 45000*25%
Depreciation for 2026 is $ 11250
The reason for depreciation is to fit the value of a productive asset, that has a beneficial life of extra than a yr, to the revenues earned with the aid of the usage of the asset. The asset's value is normally spread through the years in which the asset is used.
Depreciation price is recorded on the profits announcement as a rate and represents how much of an asset's fee has been used up for that yr. As a result, it's miles neither an asset nor a liability.
No, we can not have a capital loss on depreciable belongings. A “Capital loss” happens when a non-depreciable asset (including land) is offered for much less than its original price. However you cannot have a Capital Loss on “depreciable property”, i.E. Objects whose cost declines over time which include motors, homes, homes, and many others.
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contributions to charity are limited to a certain percentage of adjusted gross income. how long is the carry0over period for individuals to use any excess current charitable dedcution?
Contributions to charitable organizations can typically be deducted up to 50% of adjusted gross income, calculated without taking into account carrybacks from net operating losses.
How does the 30% AGI rule work?
Unless you give only cash, in which case the limit increases to 60% of AGI, your donation deduction will typically be limited to 50% of AGI.However, you can only donate 30% of your adjusted gross income (AGI) to qualified charities when you have appreciated assets.
How much can be donated to charity?
In most cases, you can only deduct charitable contributions up to 60% of your adjusted gross income (AGI), though there may be limits of 20%, 30%, or 50%.Certain cash contributions are exempt from the 60% cap.
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a salon that is not a price taker can move the price for the services it provides. when setting the price for its services, can ignore profit-maximizing strategies. lower servicing costs more than its competitors. reduce its advertising budget more than its competitors.
The correct option is reduce its advertising budget more than its competitors.
Advertising is a promotional interest which objectives to sell a products or services to a audience. it is one of the oldest varieties of advertising and marketing which attempts to steer the actions of its target audience to either buy, sell, or do something precise.
Advertising is a advertising communique that employs an openly subsidized, non-non-public message to sell or sell a product, service or idea. Sponsors of advertising and marketing are usually organizations wishing to promote their services or products.
Advertising and marketing is a advertising and marketing tactic regarding purchasing area to promote a product, service, or reason. The actual promotional messages are referred to as advertisements, or ads for brief. The aim of advertising and marketing is to reach human beings most in all likelihood to be inclined to pay for a business enterprise's products or services and entice them to shop for.
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apple has often been under scrutiny for product performance. in many instances the product which consumers purchased has a much shorter life than what consumers anticipated. an example of this would be a cell phone only lasting two years when you anticipate the life to be closer to five. this is known as:
Apple has often been under scrutiny for product performance. in many instances the product which consumers purchased has a much shorter life than what consumers anticipated. An example of this would be a cell phone only lasting two years when you anticipate the life to be closer to five. This is known as: Batterygate
What is batterygate?Intentional CPU slowdowns on Apple's iPhones are known as "Batterygate" because they prevent devices with deteriorated batteries from shutting down under heavy load.
It was discovered that some iPhone models were sold with faulty batteries, which caused unintended crashes while being utilized. Apple surreptitiously implemented a software upgrade in place of correcting the problem, but it quickly backfired, leading to a chain of events known as "batterygate."
An algorithm has been developed to lower performance to safeguard the electronic components within, according to a new TechCrunch statement. Old batteries, low charges, and cold conditions can cause your phone to shut down (opens in new tab).
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question mode multiple select question select all that apply what method(s) can be used to estimate progress toward completion for the purpose of recognizing revenue over time? (select all that apply.)
Input method, output method can be used to estimate progress toward completion for the purpose of recognizing revenue over time.
What do you mean by revenue?
In accounting, revenue is the entire amount of income created by the sale of goods and services related to the principal operations of the business. Commercial revenue can also be referred to as sales or turnover. Some businesses get money from interest, royalties, or other payments. "Revenue" can refer to income in general or to the amount earned in a monetary unit during a period of time, as in "Last year, Company X had revenue of $42 million." Profits or net income are commonly defined as total revenue less total expenses in a particular period.
Output and input methods are methods of monitoring progress toward complete completion of a performance requirement. An output method considers the current fair market value of products and services transferred to the client.
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question content area the accounting principle upon which deferrals and accruals are based is a.cost b.conservatism c.matching d.price-level adjustment
(c) Matching principles .matching principle that says that revenues and any related expenses should be recorded in the same period.
What is deferral accounting ?
In a company's general ledger, deferrals are a sort of "adjusting" entry that postpones the recognition of a transaction in the company's accounting records to a future fiscal quarter (or periods). Revenue, or the amount to be collected, and costs, or the amount to be paid, be postponed via deferrals.
The matching principle and revenue recognition are the two accounting principles that underlie both revenue and expenditure deferral. The Financial Accounting Standards Board (FASB) describes the revenue recognition concept, which is key to accrual-based accounting, as "when the selling business achieves a performance obligation by transferring a promised item or service to a customer, giving the customer ownership."
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in the context of bonds, accrued interest: group of answer choices a) is discounted along with other cash flows to arrive at the dirty, or full price. b) covers the part of the next coupon payment not earned by seller. c) equals interest earned from the previous coupon to the sale date.
Option C. equals interest earned from the previous coupon at the same rate is the correct answer.
Accrued interest is the total amount of interest that has been generated but has not yet been paid on an obligation, such as a bond. Option C's definition of accumulated interest on bonds is accurate. The alternative options are false. Not just bonds with payment intervals over a year, but all bonds with periodic coupon payments may accrue interest. When determining the bond's price, accrued interest is not deducted. Option b. It should read "not earned by the buyer" instead of "covers the part of the next coupon payment not earned by the seller."
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consider palletizer at a bottling plant that has a first cost of $171,279, has operating and maintenance costs of $15,203 per year, and an estimated net salvage value of $54,294 at the end of 30 years. assume an interest rate of 8%. what is the future worth of this project?
The future worth of the project is $2,349,471.
What is future value?
The worth of a current asset at some point in the future based on an estimated rate of growth is known as future value (FV). For investors and financial planners, the future value is crucial because they use it to predict how much an investment made now will be worth in the future.
The future worth is the present value of all the cash flows from the project, discounted at the interest rate. In this case, the present value of the cash flows is:
$171,279 + $15,203(PVIF 8%,30) + $54,294(PVIF 8%,30)
= $171,279 + $15,203(0.465) + $54,294(0.27)
= $171,279 + $7,046 + $14,708
= $192,033
The future worth of the project is then the present value of these cash flows, discounted at the interest rate.
$192,033(PVIFA 8%,30)
= $192,033(12.247)
= $2,349,471
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according to bruno solnik's classic study, a fully diversified portfolio that contains stocks from many countries is blank as risky as a fully diversified portfolio that contains only us stocks. multiple choice question. more than double less than half equally
According to Bruno Solnik's classic study, a fully diversified portfolio that contains stocks from may countries is less than half as risky as a fully diversified portfolio that contains only US stocks. A diversified portfolio can be defined as a collection of different investments that combine to reduce an investor's overall risk profile.
Diversification portfolio is including owning stocks from several different countries, industries, risk profiles, as well as other investments such as commodities, bonds, and real estate. The example of diversified portfolio is bonds, fixed interest, cash, property, shares, property, and private equity.
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cyclical unemployment is the group of answer choices portion of unemployment that is due to the normal working of the labor market. unemployment that results when people become discouraged about their chances of finding a job so they stop looking for work. portion of unemployment that is due to changes in the structure of the economy that result in a significant loss of jobs in certain industries. unemployment that occurs during recessions and depressions.
Cyclical unemployment is the group of unemployment that occurs during recessions and depressions.
Economists describe cyclical unemployment as the end result of organizations no longer having sufficient demand for exertions to appoint all folks who are looking for paintings at that factor inside the commercial enterprise cycle. whilst call for for a product and provider declines, there may be a corresponding discount in deliver production to compensate.
Cyclical unemployment is the issue of standard unemployment that outcomes without delay from cycles of economic upturn and downturn. Unemployment normally rises all through recessions and declines during economic expansions.
Cyclical unemployment may be because of a recession, which is a duration of negative monetary increase. Cyclical unemployment can also be as a result of downturns in a enterprise cycle in which call for for items and services decreases through the years.
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how much did rodriguez company have in expenses for the year? assets, january 1 $ liabilities, january 1 assets, december 31 liabilities, december 31 issuance of stock revenues expenses dividends
Costs incurred in the regular course of business are referred to as business expenses. They can be used by both big and small businesses. The income statement includes expenses related to the business. A company's taxable net income is calculated by deducting business expenses from revenue on the income statement.
What is the price of the resources used or the services used?The price of the goods or services used to generate income are known as expenses. Salaries, rent, utilities, taxes, and other costs are examples of common expenses. SO 6 Describe the accounting equation and its elements.All balance sheet assets that can be converted into cash in a year or less are added together to create the formula for current assets. Cash and its equivalents are the main current assets.How are expenses determined? Costs overall = Net Revenue - Net Income.How to Locate the Balance Sheet's Total ExpensesOn the bottom side of the balance sheet, look for the "Liabilities" area.To locate the company's current expenses, look at the first line under "Accounts payable and accumulated expenses."To Learn more About expenses refer to:
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any group of people who, as individuals or as organizations, have needs for products in a product class and who have the ability, willingness, and authority to buy such products is a(n)
Any group of people who, as individuals or as organizations, have the need for products in a product class and have the willingness, authority, and ability to purchase such products is referred to as a market.
In marketing, a market is an aggregate of consumers and organizations that are interested in products, have the resources to buy products, and are permitted by regulations to acquire products. The term market encapsulates the total population and progressively narrows down based on certain criteria.
The market for products is not necessarily fixed. For example, the market for the products can be increased by a decrease in the product price and making changes in legislation that result in fewer restrictions on the purchasing of products.
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26. on december 31, 2018, blais industries had long-term debt totaling $120,000 on their balance sheet. during 2019, they paid $10,000 in interest on that debt and $50,000 in principal. during the year they also issued new long-term debt totaling $20,000. what is the balance in their long-term debt account at the end of 2019? $80,000 $90,000 $100,000 $140,000
The total debt at the end of 2019 is $90000
Long-term debt as on 31st December 2018 = $120000
Interest paid in 2019 = $10000
Principal paid in 2019 = $50000
Debt with a longer maturity period is referred to as long-term debt. The issuer's financial statement reporting and financial investing are two ways to look at long-term debt. Companies are required to show long-term debt issuance and all related payment commitments in their financial statements.
Since the interest amount does not reduce the principal amount, we will subtract only the principal paid to arrive at the debt remaining:
Remainig debt = 1200000-50000 = $70000
Additional debt issued = $20000
Total debt at the end of the year = $70000+$20000 = $90000
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project managers need to meet each project's requirements and achieve the desired outcome. to do this, should project managers use the same tools, techniques, and methodologies every day on their projects?
It is advisable for the project managers to bring variations in the tools, techniques, and the methodologies used by them everyday on their projects with every change in the requirements of the project for obtaining the desired outcome.
What is the significance of a project manager?A project manager can be referred to or considered as a person who is responsible for the purpose of managing the duties and functions that revolve around the working and completion of a project of an organization.
A project manager has to keep in mind, the changing requirements of each project, and how the desired outcomes can be achieved for these projects with a change in the tools and methodologies being followed.
Therefore, the significance regarding the project manager has been aforementioned.
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your goal should be to write business messages that are concise, clear, and written courteously. question 41 options: fillers. use of passive instead of active voice. lack of parallel structure. redundancies. dangling or misplaced modifiers.
lack of parallel structure - The last part of the sentence "containing no more than 300 calories"
The placement of similar phrases or clauses with the same grammatical structure within one or more sentences is known as parallelism in grammar, also known as parallel structure or parallel construction. Writings may be easier to understand and more readable when parallelism is used.
In sentences, parallelism can be used with nouns, verbs, phrases, and clauses. Additionally, parallelism is required for both comparison objects. Correlative conjunctions like neither/nor and either/or as well as coordinate conjunctions like and, for, but, and so are frequently used to create parallel structures.
When two or more ideas are given equal weight by using similar word patterns, this is known as a parallel structure.
The question is incomplete, The full question is - Select one of the following letters to identify problems that weaken the sentence or confuse the reader:
fillers. use of passive instead of active voice. lack of parallel structure. redundancies. dangling or misplaced modifiers.
The health store menu includes food low in fat content, high in vitamins, and containing no more than 300 calories.
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select all that apply an unfavorable labor efficiency variance can result from blank . multiple select question. insufficient product demand the payment of overtime premiums faulty equipment poorly motivated workers
An unfavorable labor efficiency variance can result from :-
poorly motivated workersinsufficient product demandLabor is the amount of physical, intellectual, and social attempt used to produce goods and offerings in an economy. It resources the information, manpower, and service needed to show raw materials into finished services and products
Labor is the effort that humans contribute to the production of products and offerings. hard work sources include the paintings accomplished through the waiter who brings your food at a nearby restaurant in addition to the engineer who designed the bus that transports you to school. exertions represents the human aspect in generating the products and offerings of an economy. finding sufficient people with the right skills to fulfill growing call for. This often consequences in growing wages in a few industries.
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rachel and tom have worked together for years and have decided to strike out on their own with a really great business idea. unfortunately they don't have any money to start their own business and will probably need investors or shareholders, and their business idea is extremely risky. but with risk comes reward, they always say! what would be the best type of business for them to start? group of answer choices
In exchange investors for an ownership stake in a company, venture capitalists are private equity firms that provide sufficient time and resources business.
This might help fund start-up investors enterprises or local corporations that wish to grow but lack access to equity markets. Through the support of firms and the financing of innovations, it seeks to generate returns to individual liability. When a borrower obtains funding directly from the market, like when issuing stocks or shares, this is known as direct financing business.
Investors While indirect finance refers to a sort of borrowing when the borrower obtains the funds with the aid of middlemen or other outside parties.
A. The number of shareholders in public firms is relatively great since shares are given out on an individual basis at low prices, but there are few owners in private companies.
B. In a partnership, the business is not taxed, but the partners who own it are; in a private corporation, the business is treated as a separate legal entity and must pay taxes as such.
C. Unlike a public corporation, a sole proprietorship does not have a separate legal entity for its firm. Only public corporations have limited liability as a result.
D. Shareholders of a public corporation own a partnership, and vice versa business.
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in a business environment, persuasion is critical to success. persuasion is necessary when you anticipate resistance or when you are making more than routine demands. which of the following are elements of effective persuasion? check all that apply. involves coercion or trickery proves the merits of your proposal deceives and fabricated evidence explains logically and concisely the purpose of the request establishes credibility
Persuasion is essential for success in a commercial setting. When you are making more than commonplace demands, persuasion is required. Effective credibility includes establishing trustworthiness.
Being credible is the same as being trustworthy. When someone speaks in front of an audience, they want to be believed. They want to know who the Persuasion speaker is and why they are competent to give the speech. These questions should be addressed in the speaker's opening statement of credibility. Why should the audience pay attention to the speaker is Persuasion explained in the credibility statement.
Its goal is to establish/demonstrate the speaker's credentials and validity in relation to the subject. A credibility statement can also be called a credibility position. The opening of the speech should be attention-grabbing, followed immediately by the assertion of credibility.
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true or false? the average level of tariffs on imported products charged by industrialized countries was 40% in 1946. by 1990, after decades of gatt negotiations, it was up to more than 60%.
The statement is false.
This is because the Average industrial products tariffs were lowered through the GATT negotiations from 40% in 1947 to less than 5% in 1993. It was an early step towards economic globalization.
What is GATT?
The GATT (General Agreement on Tariffs and Trade) is an international legal agreement that was created with the aim of promoting trade by lowering or removing trade restrictions like tariffs and quotas.
On 30 October 1947, the General Agreement on Tariffs and Trade (GATT) was signed by 23 nations at "The Palais des Nations" in Geneva.
The General Agreement on tariff and Trade (GATT) is replaced by the WTO, but the General Agreement still exists as the WTO's umbrella treaty for trade in goods, updated as a result of the 'Uruguay Round negotiations'.
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Some grocery stores offer gas discounts for every $100 spent on groceries, regardless of how long it takes to spend that amount. These grocery stores illustrate the use of a.
Some grocery stores offer gas discounts for every $100 spent on groceries, regardless of how long it takes to spend that amount. These grocery stores illustrate the use of a reward system.
What is a reward system?This is the term that is used to refer to the system of appreciation that the owners of a business would have to forward to the people that conduct business with them. The people make use of the reward system as a way of getting the consumers to keep coming.
Hence we would say that the use of the discount for the amount spent would be an example of a reward system.
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question 3: lamar finds reconciling his bank statement with his quickbooks file at the end of the month too time-consuming. upon learning that his bank offers a bank feed with quickbooks, lamar signs up for the service. how will this change his monthly reconciliation?
Because Lamar signs up for quickbooks, reconciliation will be quicker because most transactions will be matched already. So that, Lamar does not need wait too long for his reconciliation.
A QuickBooks can be defined as a financial management suite or full-featured business complete with tools for accounting, tax filing, invoicing, bank account tracking , inventory, payroll, and reconciliation. In accounting, Reconciliation can be defined as the process of comparing transactions and activity to supporting documentation. The function of reconciling account is to ensure that the money leaving an account matches the actual money spent.
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