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kogti [31]
2 years ago
10

creative textiles inc. manufactures cloth and buys the chemical dyes for its use from california chemicals inc. california chemi

cals inc., in turn, buys uniform material for its employees from creative textiles inc. this scenario highlights a specific business practice known as .
Business
1 answer:
evablogger [386]2 years ago
3 0

This scenario highlights a specific business practice known as  <u>reciprocity</u>.

<h3>What is reciprocity</h3>

Reciprocity can be defined as the process in which two companies engages in a business transaction with one another by buying  product from each other . This simply means that companies A buy product from company B and company B return the favor by buying a product from company A.

Based on the given scenario the both companies engages in what is called reciprocity by exchanging business transaction  with each other.

Therefore this scenario highlights a specific business practice known as  <u>reciprocity</u>.

Learn more about Reciprocity here:brainly.com/question/15149544

#SPJ1

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Jeffrey is going to sell sporting apparel, which he has already purchased from manufacturers, and has signed a deal agreeing to
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Answer: Place.

Explanation:

The marketing mix are those parameters a marketer can influence to increase sales, the market mix include: promotion, price, product and place. Jeffrey has taken necessary steps to plan for other marketing mix except location (place) his product would be sold.

3 0
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The theory of comparative advantage states that there are gains from trade if countries specialize and optimize their opportunit
Margarita [4]
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7 0
3 years ago
On January 1, Duffy Enterprises issued $100,000 in bonds that mature in 10 years. The bonds were issued at face value. The bonds
Salsk061 [2.6K]

Answer:

Given that,

Value of bonds issued = $100,000

Maturity period = 10 years

Bonds were issued at face value.

Interest rate = 8%

Interest is paid once per year on December 31.

Since, the bonds are issued at the face value, so there would be no premium or discount on the issue of bonds.

The cash is received by the company for issuing bonds and it is debited. We know that  bonds are a part of liabilities, so they are credited

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Cash A/c Dr. $100,000

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7 0
3 years ago
Listed below are costs found in various organizations:
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Answer:

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4 0
3 years ago
Following are summary financial statement data for Nordstrom Inc. for fiscal years ended 2014 through 2016.
Gwar [14]

Answer:

Nordstrom Inc.

a. Return on Assets (ROA) for the fiscal years ended 2019 and 2018:

= Net income/Total Assets

2019 = 7.15%

2018 = 5.39%

b. Profit Margin (PM) for fiscal years ended 2019 and 2018:

= Net income/Sales * 100

2019 = 3.56%

2018 = 2.82%

c. Asset Turnover (AT) for fiscal years ended 2019 and 2018:

= Total Sales / Average Assets

2019 = 1.98x

2018 = 1.94x

Explanation:

a) Data and Calculations:

$ thousands       2019       2018        2017

Sales              $15,860   $15,478   $14,757

Net income          564          437         354

Total assets      7,886         8,115      7,858

Average assets 8,001        7,986

Equity                   873          977          870

a. Return on Assets (ROA) for the fiscal years ended 2019 and 2018:

= Net income/Total Assets

2019 = $564/$7,886 * 100 = 7.15%

2018 = $437/$8,115 * 100 = 5.39%

b. Profit Margin (PM) for fiscal years ended 2019 and 2018:

= Net income/Sales * 100

2019 = $564/$15,860 * 100 = 3.56%

2018 = $437/$15,478 * 100 = 2.82%

c. Asset Turnover (AT) for fiscal years ended 2019 and 2018:

= Total Sales to Average Assets

2019 = $15,860/$8,001 = 1.98x

2018 = $15,478/$7,986 = 1.94x

b) Return on Assets (ROA) indicates the relative profitability of assets, which indicates the ability of management to generate earnings from the entity's assets.

The Profit Margin (PM) measures the degree to which a dollar-sales is turned into profit.

Asset Turnover (AT) measures the efficiency achieved by the entity in generating sales from its assets.

7 0
3 years ago
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