The State Farm's Promise of Customer Satisfaction on recycled sheet metal is for at least as long as the OEM would have warranted its new replacement part. Thus 2nd option is correct.
<h3>What is Customer satisfaction?</h3>
Customer Satisfaction refers to the fulfillment of the needs and the desire of the customer by making the product as per there requirement. It is the measurement of the how much the customer is satisfied with the product.
In the above case, the State Farm provides the services to the customer by selling the metal sheets. They had promised the customer for providing the original equipment manufactured to be replaced with the new till the life span of the metal sheets.
Thus the correct option is 2nd.
Learn more about the Customer satisfaction here:
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Answer:
$205,000
Explanation:
Sales = $210,000
Opening accounts receivables = $20,000
Ending accounts receivables = $25,000
Using the formula
Opening accounts receivables + Sales - Cash collected = closing accounts receivables
$20,000 + $210,000 - Cash collected = $25,000
Cash collected = $20,000 + $210,000 - $25,000
= $205,000
The cash collected from sales reduces the balance in the accounts receivables.
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Answer:
$889,000
Explanation:
Data provided as per the question below:
Purchases assets = $2,000,000
Depreciation Rate for Year 2 = 44.45%
The computation of amount of depreciation is shown below:-
Amount of depreciation in Year 2 = Purchases assets × Depreciation Rate for Year 2
=$2,000,000 × 44.45%
=$889,000
Therefore, for computing the amount of depreciation in Year 2 we simply multiply purchase assets with depreciation rate for year 2.
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