Give buyers a goal of ordering each season 's merchandise by a particular date, then give them daily feedback about what percentage of the upcoming season 's merchandise has been ordered.
<u>Explanation</u>:
When customers do not find what they are looking for at the store, they usually don't return to the store. They just go to some other store and its highly unlikely that they would further suggest the store to anyone.
Thus, to ensure that the store doesn't lose customers because of this reason, the store should encourage their employees to be aware of the latest development in the field and place orders for the same on a regular, preferably weekly, basis.
This way the likelihood of customers not getting what they require from the store becomes very bleak.
Therefore, Give buyers a goal of ordering each season 's merchandise by a particular date, then give them daily feedback about what percentage of the upcoming season 's merchandise has been ordered.
Answer and Explanation:
The Journal entry is shown below:-
Bond interest expense Dr, $18,610
To Cash $18360
To Discount on bonds $250
(Being first interest payment is recorded)
For recording the first interest payment we simply debited the bond interest expenses as it increased the expenses and we credited cash and discount on bonds as it reduced the assets and the discount should be credited
Working Note
Total discount on bonds issued = Sold bonds - Received proceeds
= $408,000 - $403,000
= $5,000
Amortization of Semi Annual Discount = Total discount on bonds issued ÷ Number of periods
= $5,000 ÷ 20
= $250
Cash interest paid = Sold bonds × Interest rate × From Jan to June ÷ Total number of months in a year
= $408,000 × 9% × 6 ÷ 12
= $18,360
Total Interest expense = Cash interest paid + Amortization of Semi Annual Discount
= $18,360 + $250
= $18,610
A group rate applies to or from whole regions, rather than points within a region. A group rate will cover a larger group instead of a smaller section in a region. A group rate may also be called a block or blanket rate.
Answer:
reduce its cultural distance from the other countries
Explanation:
In this scenario, Welcome Inc. is most likely doing this to reduce its cultural distance from the other countries. Cultural distance refers to the differences in cultural values amongst countries, organizations, and stakeholders. In this case, Welcome Inc is trying to reduce this by making sure that they adjust their products and services to best accommodate these specific cultural differences in each country. In doing so they gain more loyal customers and increase their profits in each country which they do business in.
Answer:
$57.50
Explanation:
The computation is shown below:
Before computing the units, first we have to compute the overhead rate per hour which is shown below:
= $920,000 ÷32,000 units
= $28.75
Now the unit for assigned overhead is
= Overhead rate per hour × direct labor hours ÷ number of units
= $28.75 × 12,000 ÷ 6,000
= $28.75 × 2
= $57.50
We simply do the above calculations
