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2 years ago

What does a company's customer service department do?

Business

1 answer:

sammy [17]2 years ago

5 0

Answer:

B. Interact with customers after they have purchased the product.

Explanation:

It is the duty of the Customer services department to cater to the all customer feedbacks and requirements.

The retention of the customers and attracting new customers depends on the quality of the service provided by the customer handling.

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"In 2020, a customer buys a 3 3/4% U.S. Government bond maturing in 2029 at 104-16. The customer elects to amortize the bond pre

Lana71 [14]

Answer:

carrying value after 2 years = $967.64

Explanation:

the journal entry to record the purchase of the bond:

Dr Investment in bonds 1,000

Dr Premium on investment in bonds 41.60

Cr Cash 1,041.60

Assuming a straight line amortization, the yearly amortization = $41.60 / 9 years = $4.62 per year

carrying value at moment of purchase = $958.40

carrying value after 1 year = $963.02

carrying value after 2 years = $967.64

8 0

2 years ago

CII, Inc., invests $630,000 in a project expected to earn a 12% annual rate of return. The earnings will be reinvested in the pr

Gelneren [198K]

Answer:

$1,956,684

Explanation:

As the project has a expected annual return, we have to calculate future value of this investment to find how much money Cll, Inc. will have after 10 years to reinvest.

We know,

FV = PV × $(1 + i)^{n}$

Given,

Present Value, PV = $630,000

Annual rate of return, i = 12% = 0.12

Number of period, n = 10 years

Putting the value into the above formula, we can get,

FV = $630,000 × $(1 + 0.12)^{10}$

FV = $630,000 × 3.105848

FV = $1,956,684

$1,956,684 can be reinvested after the liquidation of 10 years.

8 0

3 years ago

Based on predicted production of 17,000 units, a company anticipates $255,000 of fixed costs and $216,750 of variable costs. The

Arturiano [62]

Answer:

fixed costs = $255,000

variable costs = (15,000 / 17,000) x $216,750 = $191,250

Explanation:

A flexible budget is prepared in order to compare how budgeted revenues and costs actually worked out. In other words, if actual revenues and costs were similar to the budget previously prepared. A flexible budget adjusts actual results and helps management control how efficient the company was in following their budget. That is why a flexible budget is done after the budgeted period is over.

Fixed costs should not change (that is why they are fixed), but variable costs should change if the actual output was different than the budgeted output.

6 0

3 years ago

Parliament Company, which expects to start operations on January 1, year 2, will sell digital cameras in shopping malls. Parliam

ss7ja [257]

Answer:

Note: The complete question is attached as picture below

We are add the previous month +10% to get that month's amounts

Sales Budget

January February March

Cash sales $50,000 $55,000 $60,500

Credit sales $120,000 $132,000 $145,200

Total sales $170,000 $187,000 $205,700

Workings:

February

Cash sales = 50,000+(50,000*10%) = $55,000

Credit sales= 120,000+(120,000*10%) = $132,000

March

Cash sales = 55,000+(55,000*10%) = $60,500

Credit sales= 132,000+(132,000*10%) = $145,200

7 0

2 years ago

In his report, Wade described the strengths and weaknesses of each of his subordinates. He made a note of their past performanc

elixir [45]

Answer:

Written essay

Explanation:

Written essay method is an approach of performance appraisal, where appraiser prepare a written statement about the strength and weekness of employee to appraise their performance, these strength and weekness are evaluated on the basis of past performance at the employment. It also suggest solution for performance improvement. It is one of the effective method of performance appraisal, however, it is time consuming.

In the given case, Wade have described strength and weekness of each subordinates and also suggested technique to improve performance, therefore, wade is using Written essay method of performance appraisal.

6 0

3 years ago