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asambeis [7]
3 years ago
5

A relational orientation is based on the philosophy that buyers and sellers develop Group of answer choices a complete understan

ding of one another's needs. a long-term partnership. a price-value comparison matrix. supply chain synergy. a marketing value transaction focus.
Business
1 answer:
bixtya [17]3 years ago
7 0

Answer:

a long term partnership

Explanation:

A relational orientation is a concept of marketing which is aimed at creating a relationship between the salesperson and the customer on a long term basis.

The concept identifies that when a long term relationship is created with the customer, it will bring about customer loyalty. A customer that is loyal will mostly buy or purchase goods or product from the salesperson.

Example of relational orientation is purchasing a car from a seller by the buyer due to the long term relationship already established. This type of arrangement is essentially good for products purchased in large quantities.

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The records of Bramble Company at the end of the current year shows Accounts Receivable $74,500; Credit Sales $786,220; and Sale
Llana [10]

Answer:

  • (a) If Bramble uses the direct write-off method to account for uncollectible accounts and Bramble determines that Matisse’s $922 balance is uncollectible, what will Bramble record as bad debt expense?  

Dr Bad Debt Expense $ 922

Cr Accounts Receivable  $ 922

  • (b) If Allowance for Doubtful Accounts has a balance of $1,116 and Bramble concludes bad debts are expected to be 9% of accounts receivable, what will Bramble record as bad debt expense?  

Dr Bad Debt Expense $ 5,589

Cr Allowance for Uncollectible Accounts $ 5,589

Explanation:

The direct write-off method is to directly cancel bad debts at the time it was decided that the credit is bad, the total amount reported as bad debt expenses negatively affect the income statement and the accounts receivable are reduced by the same amount, less assets

Dr Bad Debt Expense $ 922

Cr Accounts Receivable  $ 922

The other way is to determine a percentage of the total amount of accounts receivable as bad debts, there are many ways to analyze accounts receivable and calculate the value of bad debts.

When the company has the percentage of uncollectible accounts, the required journal entry is Bad Expenses (debit) with Reserve for Bad Accounts (credit)

At the time of cancellation, since the expenses were recognized before, we only use the Allowance for Uncollectible Accounts (Debit)  with accounts receivable (credit), with this we are recognizing the bad credit of the company.

Dr Bad Debt Expense $ 5,589

Cr Allowance for Uncollectible Accounts $ 5,589

If the company applies the allowance method, it means that the account Allowance for Uncollectible Accounts must show as balance the % of accounts receivables as CREDIT.

Because the company has a credit balance in that account it's necessary to register an entry that complement the credit value and reflect A CREDIT estimated as % of account receivable., this case it's 9% of accounts receivable.

5 0
2 years ago
The following selected account balances are taken from the records of Cooper Corporation for the past two years.
kumpel [21]

Answer:

Cooper Corporation

1. Cash received from the sale of equipment:

= d. 70

2. Decrease in cash from investing activities:

= b. (522)

3. Increase in cash from financing activities:

= c. 30

Explanation:

a) Data and Calculations:

December 31

                                              2018      2017   Change

Equipment                           $750      $400    +$350

Accumulated depreciation   (160)      (225)       +65

Land                                        92           50        +42

Bonds payable                       30           50         -20

Common stock                     120         100         +20

Additional paid in capital     400        320         +80

Retained earnings               825        675       +150

Net income for the year = $200

Depreciation expense = $70

Less Gain from sale of equipment $5

Equipment

Account Titles         Debt     Credit

Beginning balance  $400

Cash purchase          550

Sale of equipment                $200

Ending balance                       750

Sale of equipment

Equipment       $200

Accumulated depreciation   $135

Cash                                          70

Gain from sale      5

Retained earnings:

Beginning balance              $675

Net income                            200

Dividends                    50

Ending balance         825

Statement of Cash Flows (partial):

Investing activities:

Sale of equipment           $70

Purchase of equipment -550

Purchase of land              -42

Decrease in cash         $522

Financing activities:

Bonds payable                        -20

Common stock                       +20

Additional paid in capital        +80

Dividends paid                        -50

Increase in cash                    $30

3 0
2 years ago
Which of the following statements is correct? Multiple Choice If supply decreases and demand remains constant, equilibrium price
lbvjy [14]

The statement that is correct is D. If supply increases and demand increases, equilibrium quantity will fall.

Demand is the quantity of goods and services that one is willing to buy at a particular price and at a given time.

On the other hand, supply is the quantity of goods that a supplier wants to sell at a given price and time.

It should be noted that in a situation whereby there's an increase in the supply and the demand of a product, this will lead to a reduction in the equilibrium quantity.

Read related link on:

brainly.com/question/24940837

4 0
2 years ago
Lester, a hardware engineer, sells his old hatchback to buy a luxury sedan. As he starts driving the new car, he realizes that i
AlekseyPX

Answer:

Cognitive dissonance

Explanation:

Cognitive dissonance refers to conflicting ideas or beliefs that cause discomfort to an individual. Individuals tend to seek consonance between their expectations and reality.

In this case Lester expected to feel good about his purchase of a luxury since it should be a much better car than his old hatchback, butt he actually doesn't like to drive the larger and more luxurious sedan.

7 0
3 years ago
​Jane and Smith are considering the purchase of a home in downtown Minneapolis. They approached Larson's Mortgagers Inc. to arra
dmitriy555 [2]

Answer:

prequalification

Explanation:

<em>Prequalification</em> is used as an initial assessment of the applicant's ability to access a loan. Prequalification is used in a mortgage process, to give people who run the loan a general idea of ​​how much a person can borrow and for what type of loan terms they could qualify.

5 0
3 years ago
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