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Ivahew [28]
3 years ago
11

Assume you are the new marketing vice president at Mayo Clinic. The CEO and the board have decided to expand their international

sales revenues by 100 percent over the next five years. Write a memo to your staff outlining the marketing research that will be needed to support such a strategy. Be specific about sources of secondary data and the best places and media for gathering primary data
Business
1 answer:
Feliz [49]3 years ago
8 0

Answer:

The reason for information assortment is to get data which will help in settling on vital choices. In the ebb and flow case, Mayo facility needs to extend their global deals income by 100 percent and they need to do statistical surveying before making any further strides with respect to extension. To complete statistical surveying they are different techniques for information assortment  

Secondary Data Collection

Inside Sources-Customer criticism will assist with deciding the client needs and deals record will assist with deciding the territories which needs improvement  

Outside sources-Business diaries, Business magazines and web will help in getting the PESTEL (Political, Economic, Social, Technological, Ecological, Legal) examination for a nation which will help in drawing an appropriate technique for development  

Primary Data Collection  

Poll It's one of the most mainstream strategy for information assortment where survey is sent to the respondents and respondents should fill the poll and sent it back to the concerned division. It's a minimal effort strategy and gives the capacity to cover huge topographical region.  

Telephonic Interviews - It's a less expensive choice than individual meeting technique and can be led by reaching tests on phone. It's a quicker method to contact enormous crowds and has high reaction rate.

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This information relates to Pharoah Co..
monitta

Answer and Explanation:

The journal entries are shown below:

On April 5

Inventory Dr $28,600.00  

     To Accounts payable  $28,600.00

(Being purchase of inventory on account is recorded)

On April 6  

Inventory Dr $580.00  

      To Cash  $580.00

(Being freight payment is recorded)  

On April 7

Equipment Dr $32,000.00  

      To Accounts payable  $32,000.00

(Being purchase of equipment is recorded)  

On April 8

Accounts payable Dr $3,500.00  

      To Inventory  $3,500.00

(Being purchase returns is recorded)  

On April 15

Accounts payable Dr $25,100.00 ($28,600- $3,500)  

      To Cash  $24,096.00

      To Inventory  $1,004.00 ($25,100 × 4%)

(Being payment to the supplier is recorded)  

5 0
3 years ago
Consider two perfectly negatively correlated risky securities A and B. A has an expected rate of return of 10% and a standard de
horrorfan [7]

Answer:

0.43

Explanation:

The computation of the weight of Security A for the minimum variance portfolio is shown below:

Weight of security A is

= (Standard deviation of Security B) ÷ (Sum of the standard deviation of securities)

= (12%) ÷ (16% + 12%)

= (12%) ÷ (28%)

= 0.43

We simply applied the above formula so that the weight of Security A

4 0
3 years ago
How are the layers of the atmosphere and the hydrosphere different?
bogdanovich [222]

Answer:

The “sphere” in lithosphere, atmosphere, and hydrosphere means envelop. The atmosphere, therefore, consists of gases that envelop the Earth. The hydrosphere defines the water that covers 71% of the Earth's surface. The lithosphere refers to the rocks of the Earth's surface and upper mantle, or the depth of the plates.

Explanation:

4 0
3 years ago
A country redesigned its tax policy so that the tax rate was reduced for individuals earning larger amounts of money. For exampl
storchak [24]

Answer: B. regressive taxation

Explanation:

Regressive taxation is a form of taxation where people who earn higher income pay a less percentage of income as tax while those who earn less income pay a higher percentage of income as tax.

Progressive taxation is a form of taxation where people who earn higher income pay a higher percentage of income as tax and those who earn less income pay a lower percentage of income as tax.

6 0
3 years ago
Read 2 more answers
Oriole Company reports the following financial information before adjustments. - Dr. Cr. Accounts Receivable $130,100 Allowance
fgiga [73]

Answer:

(a) 4% of accounts receivable

  • Oriole Company estimates bad debts at (a) 4% of accounts receivable  

Dr Bad Debt Expense $ 35,001  

Cr Allowance for Uncollectible Accounts  $ 35,001

  • (b) 4% of accounts receivable but Allowance for Doubtful Accounts had a $1,490 debit balance.

Dr Bad Debt Expense $ 39,801  

Cr Allowance for Uncollectible Accounts  $ 39,801

Explanation:

Initial Balance  

Dr Accounts Receivable   $ 130,100

Cr Allowance for Uncollectible Accounts  $ 3,310

Sales Revenue (all on credit)  

Dr Accounts Receivable  $ 880,500  

Cr Sales  $ 880,500

Sales Returns and Allowances    

Dr Sales Returns and Allowances $ 52,830  

Cr Accounts Receivable   $ 52,830

Oriole Company estimates bad debts at (a) 4% of accounts receivable  

Dr Bad Debt Expense $ 35,001  

Cr Allowance for Uncollectible Accounts  $ 35,001

To register the adjustment of 4% of accounts receivables it's necessary considerate the values previously recorded in the account.

It means, CREDIT Balance $3,310 and to register the difference.

4% of accounts receivable but Allowance for Doubtful Accounts had a $1,490 debit balance.  

Dr Allowance for Uncollectible Accounts  $ 1,490

Dr Bad Debt Expense $ 39,801  

Cr Allowance for Uncollectible Accounts  $ 39,801

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 debit balance in that account it's necessary to register an entry that compensate the DEBIT value and reflect A CREDIT estimated as % of account receivable.  

FINAL Balance  

Dr Accounts Receivable  $ 957,770  

Cr Allowance for Uncollectible Accounts  $ 38,311

Bad accounts are those credits granted by the company and there is no possibility of being charged.

When customers buy products on credits but the company cannot collect the debt, then it's necessary to cancel the unpaid invoice as uncollectible."

One way 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

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.

7 0
3 years ago
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