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6 months ago

The degree to which a customer will continue to buy from a specific vendor over time is called customer?

Business

1 answer:

vlada-n [284]6 months ago

5 0

The degree to which a customer will continue to buy from a specific vendor over time is called customer loyalty.

A customer is a recipient of goods, services, products, or ideas obtained from a seller, vendor, or supplier through financial transactions or in exchange for money or other valuable consideration.

The definition of customer is a person who purchases products or services at a store, restaurant, or other retail establishment. An example of a customer is someone who goes to an electronics store and buys a television. (informal) A person, especially a person, who interacts with others in some way.

A customer is an individual or business that purchases goods or services from another business.

Learn more about customer here:brainly.com/question/380037

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Victryl Company applies overhead based on direct labor hours. At the beginning of the year, Victryl estimates overhead to be $70

yan [13]

Answer:

correct option is a. $1,700 over head applied

Explanation:

given data

overhead = $700,000

machine hours = 200,000

direct labor hours = 35,000

Feb, direct labor hours = 5,000

Feb, machine hours = 10,000

Feb, actual overhead = $98,300

solution

we know overhead rate that is

overhead rate = $\frac{Budget overhead}{allocation base}$

overhead rate = $\frac{700000}{35000}$

overhead rate = $20 per hours

and in Feb for 5000 direct labor hour

overhead = 5000 × $20 = $100,000

over head applied = $100,000 - $98300

over head applied = $1700

so correct option is a. $1,700 over head applied

8 0

2 years ago

PLEASE HELP ASAP

ioda

It would have to be E

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2 years ago

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Flyer Company has provided the following information prior to any year-end bad debt adjustment: Cash sales, $158,000 Credit sale

IceJOKER [234]

Answer:

$8,870

Explanation:

Calculation to determine the balance in the allowance for doubtful accounts after bad debt expense is recorded

Using this formula

Balance in the allowance for doubtful accounts=

(Credit sales* Percentage of Credit sales)+Allowance for doubtful accounts credit balance

Let plug in the formula

Balance in the allowance for doubtful accounts= ($458,000*1.5%)+$2,000

Balance in the allowance for doubtful accounts=$6,870+$2,000

Balance in the allowance for doubtful accounts=$8,870

Therefore the balance in the allowance for doubtful accounts after bad debt expense is recorded will be $8,870

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2 years ago

An investor who has a margin account with his brokerage firm buys 100 shares of Quick Flip Inc. Later that day, the investor sel

Hoochie [10]

Answer:

Yes this sequence of transaction is considered as a day trade.

Explanation:

As per the definition of the day trading, <em>Day trading is defined as the purchase and sale of a security within a single trading day. It can occur in any marketplace but is most common in the foreign exchange (forex) and stock markets.</em>

As per this definition, the trading has to be done such that the purchase and sale is made on the same day. As indicated in the question ,this is the case so the given sequence of transactions is a day trade.

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2 years ago

Sheridan Company signed a long-term non cancellable purchase commitment with a major supplier to purchase raw materials in 2021

stepan [7]

Answer:

Unrealized holding loss - Income (purchase commitments) $ 52,900 Dr

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Explanation:

Unrealized holding loss - Income (purchase commitments) $ 52,900 Dr

Estimated liability on purchase commitments ( $ 1,001,800 - $ 948,900 ) $ 52,900 Cr

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