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Fudgin [204]
3 years ago
6

Saddle Up, a small tack store in Massachusetts, stresses a culture of excellent customer service. To ensure customer satisfactio

n, the store allows customers to return most items hassle-free, even certain items that have been opened and used, such as boots, helmets, and saddles, as long as they are still in good condition. The store has a bargain section at the back of the store to sell returned items at lower prices. However, certain items, such as vet supplies, fly spray, supplements, and tack cleaning supplies, can only be returned if they are still sealed. In implementing its return policy, the store trusts its employees to:
a. always check with the corporate office before accepting a return.
b. ask customers for detailed reasons for their returns.
c. use their best judgment.
d. adhere to strict guidelines.
e. only take back items that are in new condition.
Business
2 answers:
alexandr1967 [171]3 years ago
8 0

Answer:

The correct answer is letter "C": use their best judgment.

Explanation:

Merchandise return policies are the different terms and conditions companies follow at the moment of receiving items that could be damaged and need to be replaced or objects that did not fulfill customers' expectations. Some stores could be very strict on following return policies while some others are more flexible to ensure clients will continue to do business with them.

Thus, in the example given, <em>"Saddle Up" relies on its employees' best judgments at the moment to apply return policies since they take items that could have signals of being used to be resold at lower prices. Store employees should use their own criteria to determine how good are the conditions of those items to be offered again and leave the store with some profits.</em>

Gre4nikov [31]3 years ago
4 0

Answer:

The correct option is C, use their best judgement

Explanation:

Option A is wrong as there was no requirement stipulating that they need to check with the corporate office before accepting a return.

Option B is also wrong based on the point above.

Option C is correct as the employees are given the opportunity to use their best judgement in determining whether or not an item is still in good condition.

Option D is also wrong because there was no pointer to strict adherence to guidelines.

Lastly, option E is wrong because good condition is not the same new condition.

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A company's net sales were $676,600, its cost of goods sold was $236,810 and its net income was $33,750. Its gross margin ratio
algol13

Answer:

13.01%

Explanation:

Gross Margin Ratio = \frac{Net Sales - Cost of Goods Sold}{Net Income}

Gross Margin Ratio = \frac{676,000 - 236,810}{33,750}

Gross Margin Ratio = \frac{439,190}{33,750}

Gross Margin Ratio = 13.01%

Gross Profit Margin is represented as (Percentage) %. Now, the Gross profit margin is really worth investigating. It not only helps when comparing Gross Profit Margin with competitors but is also helpful in investigating and comparing previous year's Gross Profit Margin. If the Gross Profit Margin fallen there could be number of reasons for this, one might be the cost of goods sold has gone up. On contrary, on the other hand the increase in Gross Profit Margin might be because of increase in selling prices.

7 0
3 years ago
Which of the following costs are not inventoriable? A : buying costs of a purchasing department B : selling costs of a sales dep
Drupady [299]

<u>Answer:</u>

<em>B) Selling costs of a sales department  are not inventoriable</em>

<em></em>

<u>Explanation:</u>

The inventoriable price is the cost from the provider in addition to all costs essential to get the thing into stock and prepared available to be purchased, for example, cargo in. For a maker, the item expenses incorporate direct material, direct work, and the assembling overhead (fixed and variable).

Inventoriable costs once in a while fluctuate, starting with one industry then onto the next, and they additionally vary, starting with one provider then onto the future down the store network.

7 0
3 years ago
Recently, some college alumni started a moving service for students living on campus. They have 3 employees and are debating hir
SVETLANKA909090 [29]

Answer: a. 2

b. $200

c. Should not

Explanation:

a. The new employee's marginal product of labor is ______.

This will be:

= 5 - 3

= 2 moving jobs

b. The value of that marginal product is ______..

Since the company charges $100 for a moving job, the value of the marginal product will be:

= 2 × $100

= $200

c. The moving service should moving jobs ______- hire another worker

Marginal cost of moving 2 jobs will be:

= $30 × 4 × 2

= $240

Since the marginal cost is more than the marginal product, the company should not hire another worker.

5 0
3 years ago
A purchased limited-life intangible asset ________ amortized and is impairment tested using ________. (a)is; the recoverability
Pani-rosa [81]

Answer: Option A

Explanation: Assets having no physical existence are called intangible assets for example :- goodwill, patent rights.

Amortization can be defined as the method of distributing the value of intangible assets over its useful life, thus for amortization the asset must have a definite life.

While amortizing , first its recoverability is evaluated by comparing fair value with carrying value and after that the difference in both is calculated.

7 0
3 years ago
When a bond sells at a premium, interest expense will be:
inessss [21]
Less than the bond interest payment
8 0
2 years ago
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