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SOVA2 [1]
3 years ago
9

Mary, a sales representative for a small cleaning business, asks current customers for names of friends, customers and other bus

inesses that might be interested in the company's cleaning services. Mary is relying on ____ to identify potential customers.
Business
2 answers:
Fofino [41]3 years ago
8 0

Answer:

Mary is relying on <u>referral marketing</u> to identify potential customers.

Explanation:

Referral marketing is a method of spontaneously promoting a businesses products and services to new customers by word of mouth. This can happen through a variety of channels such as email, mobile, and social media.

Referral programs are formal programs that exists in some organizations instituted by employers to encourage employees to refer candidates for jobs at the company.

Referral programs benefit both the employer and the current employees. In some cases, a bonus can be earned if a referred candidate is hired.

Marta_Voda [28]3 years ago
4 0

Answer:

Personal referrals

Explanation:

A referral can be said to be the reference of a person or thing to another due to the abilities and services that the person/thing can offer. Before a referral can take place, the referrer has to have confidence as well as be able to vouch for the person or thing he.she is referring.

In the case of Mary, she is requesting names of friends of customers, businesses, etc that might be interested in her cleaning services from her existing customers.

This means that for her existing customers to be able to give out the information she requests of them, they must have great trust and confidence in her cleaning abilities as evidenced by the works that she has done for them.

Through this information given to Mary, she is able to get more potential clients and her service range continues to expand.

Cheers

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<h3><u>Explanation:</u></h3>

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3 years ago
The Allowance for Bad Debts account has a credit balance of $ 5 comma 000$5,000 before the adjusting entry for bad debts expense
GaryK [48]

Answer:

62,200 allowance ending

Explanation:

allownce 5,000 credit

<u>Because the bad debt is calculate over the sales,</u> the bad debt expense is the result of that estimated, without considering the beginning balance of the allowance.

22% of net credit sales will be uncollectible:

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4 0
3 years ago
Read 2 more answers
Saturn Corporation issued $300,000 par value 10-year bonds at 107 on January 1, 20X3, which Star Corporation purchased. Pluto Co
taurus [48]

Answer:

a. $8,000 gain

Explanation:

The face value of the bonds purchased by Pluto Corporation are $120,000. The bonds are purchased at discount of $1,980.  The bonds have carrying value of $126,019 at the time of purchase. The net gain or loss is calculated by the difference between two values.

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The discount amount of the bond was $1,980.

Total gain on the bonds approximately ($6,019 + $1,980) = $8,000

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4 years ago
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Answer:

d. 1.25

Explanation:

In a business context, the capacity utilization rate is a value that allows the company know how well they are performing compared to what the recorded optimal levels are. In order to calculate this value we simply divide the current operating level for a specific time-period by the optimal level of that same time period, which in this case would be 1 hour. Therefore, in this case we would divide 500 by 400 which would give us 1.25.

6 0
3 years ago
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