A
Explanation:
Because the judgement of executives does not adequately factor into a mathematical equation. it's like a judgement call only whereas the others can be used in an equation manner
1) Prevents business failure
About 96% of American businesses close their doors within 10 years. One of the contributing problems is poor customer service. Buyers become frustrated over small problems that are not addressed. It happens when a business does not have good customer service associates who follow up on questions and promptly fill requests.
2) Creates endorsements
Loyal customers provide positive endorsements and good online reviews that can help businesses strengthen their brand. A loyal customer, on average, is 10 times more valuable than their first purchase. Research shows that people often make purchasing decisions based on recommendations from family and friends vs. advertising messages. Here are four statistics:
About 97% of customers will tell others about very good or excellent customer service experiences.
Nearly 70% of people would spend more money with a company that has excellent customer service.
Approximately 24% of satisfied customers will return to a business two or more years after a good customer service experience.
Research shows that 59% of people would try a new company to receive better customer service.
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Answer
Windsor, Inc
Income Statement (Partial)
For the year October 31, 2022
Revenue
Sales $908,100
Less: Sales return and allowance $19,800
Sales Discount <u>$14,500</u>
<u>$34,300</u>
Net Sales <u>$837,800</u>
Answer:
The journal entry is as follows:
Cash A/c Dr. $18,000
Equipment (Fair value) A/c Dr. $9,000
To N's capital $27,000
(To record the investment bought by Nichols)
Workings:
Cash contributed by Nichols = $18,000
Equipment's Book value = $6,300
Fair value of equipment = $9000
Nichols capital = $18,000 + $9,000
= $27,000
Answer:
Unitary variable cost= $42
Explanation:
Giving the following information:
Direct Materials $14
Indirect Materials (variable) $4
Direct Labor $8
Indirect Labor (variable) $6
Other Variable Factory Overhead $10
During the period, the company produced and sold 1,000 units.
Under the variable cost method, the product cost is calculated using direct material, direct labor, and variable overhead:
Unitary variable cost= 14 + 8 + (4 + 6 + 10)= $42