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2 years ago

There are many account representatives who can help you with your order is an example of a cliche.

1 answer:

6 0

The statement"There are many account representatives who can help you with your order is an example of a cliche." is FALSE. This is further explained below.

<h3>What are account representatives?</h3>

Generally, A professional who typically works on teams that are responsible for providing customer support and creating relationships is known as an Account Representative. They bring in revenue through establishing new customer connections and fostering those that are already in existence. They collaborate with clients on an as-needed basis throughout each step of the development process.

In conclusion, The convenience factor is one of the many benefits that listeners may get from podcasting as a form of advertising.

Read more about account representatives

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5. Describe two risks involved in banking, and explain how banks can protect against those risks. (2

MAXImum [283]

Answer:

The two risks are liquidity risk and market risk.

Explanation:

The liquidity risk is the risk that the company will not be able to refinance its liability and this is the most important risk for the banking sector. The financial health of the organization when get worsen the company finds it impossible for it to refinance its liabilities. This has greater effects on the organization's operations.

The market risk is the risk due to the losses of the bank's trading and this is because the interest has moved un favorable in the country in which the bank is operating. The risk also includes its investment in forex, stocks, etc.

5 0

3 years ago

"On average, a customer waits 8 minutes in a queue and customers arrive at a rate of 15 per hour. What is the average number of

mote1985 [20]

Answer:

The Answer is A) 2

Explanation:

Drawing details from the question, the formula for calculating Average Waiting Time under the Single -Server Queue Model is given as:

Average Waiting Time = <u>(Average No of customers waiting in line</u>)

> λ is a mathematical symbol pronounced Lambda and here refers to <em>Rate of Arrival.</em>

> We have Average Waiting Time = 8

> We have λ (Average Rate of Arrival) = 15 People every hour (that is 60 Minutes)

> that is 15/60= 0.25

Therefore λ = 0.25

> Lets assume that Average No. of Customers Waiting in Line is C

Our formula (by substituting the various factors above now becomes

8 = C/0.25

To get, we cross multiply. So we have:

C = 8 x 0.25

C = 2 thefore the Average No. of Customers waiting according to the single-server queue model given the above conditions is 2.

Cheers!

6 0

3 years ago

In November 1, Alan Company signed a 120-day, 10% note payable, with a face value of $27,000. Alan made the appropriate year-end

Dafna11 [192]

Answer:

The journal entry as of march 1 will be:

Debit Notes payable $27,000

Debit Interest payable $450

Debit Interest Expense $450

Credit Cash $27,900

Explanation:

payable amount = $27,000

Issued on 1st Nov

Term = 120 days

Maturity on 1st march.

Days from 1st Nov to 31st Dec = 60 days

Days from 1st Jan to 1st March = 60 days

Total 61 + 59 = 120 days

Interest expense from 1st Nov to 31st Dec

= 27000 x 10% x 60/360

= $ 450

This $450 has been debited as Interest expense and Credited as Interest payable on Year end Accrual.

Interest expense from 1st Jan to 1st March

= 27000 x 10% x 60/360

= $450

One maturity, 1st March, cash payment would include $27000 (amount of notes payable) + $900 (interest amount = 27000 x 10% x 120/360).

Total cash payment = $ 27,900

This cash payment of $27,900 will be credited.

Interest expense (1st jan to 1st march) of $450 will be debited.

Interest payable (1st Nov to 31st Dec) of $450 will be debited, and

Notes payable amount of $27,000 will also be debited.

Therefore , The journal entry as of march 1 will be:

Debit Notes payable $27,000

Debit Interest payable $450

Debit Interest Expense $450

Credit Cash $27,900

7 0

3 years ago

A gift shop sells 1000 boxes of scented candles a year. The ordering cost is $50 for scented candles, and holding cost is $10 pe

sattari [20]

Answer:

d. $1000

Explanation:

Annual demand, D = 1000 boxes

Ordering cost, Co = $50

Holding cost = $10 per box per year

Economic Order Quantity (EOQ) is calculated as;

EOQ = SQRT [(2 x D x Co) / H]

where,

D = Annual demand

Co = Ordering cost

H = Holding cost

Putting the given values in the above formula, we get;

EOQ = SQRT [(2 x 1000 x 50) / 10]

EOQ = 100 boxes

Total ordering cost is calculated as;

Total ordering cost = D/EOQ x Co

Total ordering cost = (1000/100) x 50

Total ordering cost = $500

Total holding cost is calculated as;

Total holding cost = EOQ/2 x H

Total holding cost = (100/2) x 10 0

Total holding cost = $500

The minimum annual amount of these combined costs the gift shop could pay is;

Minimum annual amount = Total ordering cost + Total holding cost

= $500 + $500

= $1,000

Therefore, The minimum annual amount of these combined costs the gift shop could pay is $1,000.

7 0

4 years ago

Factors that influence the choice of funding

scoundrel [369]

Making your project// company important fo the society and other business.

5 0

3 years ago

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