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3 years ago

The data preparation technique used in market segmentation to divide consumers into different homogeneous groups is

1 answer:

8 0

The data preparation technique used in market segmentation to divide consumers into different homogeneous groups is cluster analysis.
The task of grouping a set of objects is clustering. Market segmentation is a marketing term, in which complete market setup is divided in to segments with consumers of similar demand.

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The amount the bank charges for use of money is called interest. True False

klemol [59]

True. When you borrow from a bank, you pay back the amount loaned PLUS interest.

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4 years ago

Consulting firms are frequently characterized according to whether their primary skill is strategic planning or tactical analysi

jarptica [38.1K]

Answer:

The correct answer is (A) True.

Explanation:

Increase profitability, adapt to trends, reduce expenses, maximize production, optimize processes, improve positioning, develop the potential of human resources and achieve the long-awaited business success, are some of the advantages offered by consultancies. We could summarize four types of consulting:

1) Strategic consulting

This type of consulting is important to help owners, managers and managers in general, to have the necessary tools to solve their problems and maximize efficiencies, at a general organizational and strategic level.

2) Economic-financial consulting

The economic-financial analysis is present in any important decision that a company must make. This type of consulting helps the entrepreneur to know and analyze their own balance sheets and operating accounts, to make sense of operational decisions. Feasibility studies and investment analysis are also essential in any decision to initiate economic activity, organizational changes, diversification processes, outsourcing of services, international expansion, reduction of operating units, etc.

3) Marketing and marketing consulting

If you do not have your own marketing area, this type of consultancy will be ideal to meet this type of needs. Marketing consulting is an excellent way to give the organization help on the following topics:

4) Specialized consulting

This type of consulting requires experts who are recognized in this field to be able to provide this service.

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4 years ago

True or false

Arisa [49]

With a manual transmission, you "use your right foot for the brake and accelerator and your left foot for the clutch". This is primarily to make sue that you don't press both the accelerator and the brake at the same time.

5 0

3 years ago

The notion of competitive advantage means that:

Elenna [48]

Answer:

The correct answer is A. A successful firm will stake out a position unique in some manner from its rivals.

Explanation:

A competitive advantage is any characteristic of a company, country or person that differentiates it from others by placing it in a superior relative position to compete. That is, any attribute that makes it more competitive than the others.

The attributes that contribute to having a comparative advantage are innumerable. But we can cite as an example the advantageous access to natural resources (such as high-grade minerals or low-cost energy sources), highly skilled labor, geographical location or high barriers to entry, which can be enhanced if we have a product that is hardly imitable Or we have a great brand.

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3 years ago

19. Fortuna Co. reports the following in its 2016 annual report: 2016 2015 2014 Sales $10,597,336 $10,265,536 $9,893,432 Account

kaheart [24]

Answer:

For Fortuna Co.

Account receivables turnover ratio = net credit sales during the year / average accounts receivable

2015 = $10,265,536 / [($1,052,112 + $1,141,906)/2] = 9.358
2016 = $10,597,336 / [($900,516 + $1,052,112)/2] = 10.854

Average collection period = 365 days / accounts receivables turnover ratio

2015 = 365 days / 9.358 = 39 days
2016 = 365 days / 10.854 = 33.63 days

Since the accounts receivable turnover ratio is higher for 2016, the average collection period will be shorter. This means that the company is collecting its outstanding credit faster in 2016 than 2015.

For Saturn, Inc.

Prepare general journal entries for the following transactions that occurred during the year:

(1) Wrote off N. Purcell’s account, $6,800.

Dr Allowance for doubtful accounts 6,800
Cr Accounts receivables 6,800

(2) Wrote off J. Stein’s account, $2,400.

Dr Allowance for doubtful accounts 2,400
Cr Accounts receivables 2,400

(3) J. Stein, who is in bankruptcy, paid $800 in final settlement of the account written off in transaction

first you must reverse the write off

Dr Accounts receivables 800
Cr Bad debt expense 800

now you record the collection of the settlement amount

Dr Cash 800
Cr Accounts receivables 800

(4) On December 31, estimated the year’s bad debts expense at 1% of credit sales.

balance for allowance for doubtful accounts = $8,000 - $6,800 - $2,400 = -$1,200 or $1,200 debit balance

total credit sales $1,200,000 x 1% (estimated bad debt) = $12,000 credit balance for allowance for doubtful accounts

the journal entry to record bad debt expense:

Dr Bad debt expense 13,200
Cr Allowance for doubtful accounts 13,200

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3 years ago