Answer:
Improvement in market research system
Explanation:
In simple words, the organisation is failing because somehow they are unable to identify and satisfy the needs of their customers, thus, their is high chance that they might be not researching properly with regards to their customer needs.
Hence the company should work on market research and should make products according to the demands. Also they should check for their advertising tactics and further work for customer relationship management.
Answer:
Price earnings ratio = 24.09 (Approx)
Explanation:
Given:
Sale = $8,800
Profit margin = 4% = 0.04
Number of share = 5,300
Market price per share = $1.60
Find:
Price-earnings ratio
Computation:
Earnings Per share = Profit / Number of shares
Earnings Per share = [8,800 x 0.04] / 5300
Earnings Per share = $0.0664
Price earnings ratio = Market price per share / Earnings Per share
Price earnings ratio = 1.60/0.0664
Price earnings ratio = 24.09 (Approx)
Answer: a. $22,000
b. $16,000
Explanation:
The amount to be added to Allowance for Doubtful Accounts in each of the following cases are:
a. Balance of $3,000 in the allowance account just prior to adjustment. Analysis of accounts receivable indicates doubtful accounts of $25,000.
The amount to be added to the allowance for doubtful accounts will be doubtful accounts of $25,000 minus the balance of $3,000 in the allowance account just prior to adjustment. This will be:
= $25,000 - $3000
= $22000
b. Balance of $500 in the allowance account just prior to adjustment. Uncollectibles are estimated at 2% of sales, which totaled $800,000 for the year.
The amount to be added to the allowance for doubtful accounts will be:
= 2% of $800,000
= 2/100 × $800,000
= 0.02 × $800,000
= $16,000
The key principle that we would have here about the contract that has been made would be what is called the Offer and acceptance.
<h3>What is a contract?</h3>
This is the term that is sued to refer to the fact that two people have decided to have an agreement that would enable them to carry out business today. For a contract to exist , there would have to be an offer that has been made which would then be accepted by the other person that is involved.
In the case that we have here, we can see that the manager has not yet executed the contract. Executing the contract would be likened to the fact that he has accepted the conditions that the contract would entail. ]
We can therefore say that the contract is not one that has been valid here. But people or parties would have to be in agreement first for it to be valid. Hence the last option is the correct option.
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Answer:
The amount of money the buyer deposits when they buy
Explanation:
Earnest money is the money a buyer pays to a seller which is usually like a deposit when they are purchasing a property to show how serious they are in purchasing the property.
When the seller gets the earnest money from the buyer, he is rest assured that the buyer is willing to purchase the property, so he gives him enough time to rally around to get the balance while he list the property off the sales market.
Without earnest money, most sellers are probably going to sell their properties to customer who brings money first.