Answer:
The return on invested capital (ROIC) was 24.4%
Explanation:
Return on invested capital is considered a profitability ratio that measures the return that investors earn from their invested capital.
Return on Invested Capital
= Net Operating Profit after Tax/Invested Capital
= Net Operating Profit after Tax/ Total operating capital
= $610/$2,500
= 24.4%.
Therefore, The return on invested capital (ROIC) was 24.4%
Answer: "concentrated marketing" .
________________________________________________
Answer:
1. T-accounts:
Accounts Debit Credit
Accounts Receivable
Balance $4,200
Service Revenue 8,400
Cash 10,200
Accounts Debit Credit
Service Revenue
Accounts Receivable 8,400
Accounts Debit Credit
Supplies
Balance $400
Accounts Payable 2,300
Balance c/d $2,700
Accounts Debit Credit
Accounts Payable
Balance $3,500
Supplies 2,300
Cash $3,700
Balance c/d $2,100
Accounts Debit Credit
Cash Account
Balance $3,400
Accounts Receivable 10,200
Advertising $1,000
Accounts Payable 3,700
Deferred Revenue 1,100
Balance c/d $10,000
Accounts Debit Credit
Advertising Expense
Cash 1,000
Accounts Debit Credit
Accounts Payable
Cash 3,700
Accounts Debit Credit
Deferred Revenue
Balance $300
Cash 1,100
Balance c/d $1,400
Explanation:
a) Data:
General Entries:
Accounts Debit Credit
1. Accounts Receivable 8,400
Service Revenue 8,400
2. Supplies 2,300
Accounts Payable 2,300
3. Cash 10,200
Accounts Receivable 10,200
4. Advertising Expense 1,000
Cash 1,000
5. Accounts Payable 3,700
Cash 3,700
6. Cash 1,100
Deferred Revenue 1,100
b) The beginning balance of each account before the transactions is:
Cash, $3,400
Accounts Receivable, $4,200
Supplies, $400
Accounts Payable, $3,500
Deferred Revenue, $300
A book or record in which certain types of transaction are recorded before becoming part of the double-entry book-keeping system. The most common books of prime entry are the day book, the cash book, and the journal
Answer:
At its core, problem solving is a methodical four-step process. You may even recall these steps from when you were first introduced to the Scientific Method.
First, you must define the problem. What is its cause? What are the signs there's a problem at all?
Next, you identify various options for solutions. What are some good ideas to solve this?
Then, evaluate your options and choose from among them. What is the best option to solve the problem? What's the easiest option? How should you prioritize?
Finally, implement the chosen solution. Does it solve the problem? Is there another option you need to try?
Explanation:
Creative Problem Solving Techniques
Separate ideation from evaluation. When you brainstorm creative ideas, have a separate time for listing it all down. Focus on generating lots of ideas. Don't prioritize or evaluate them until everything is captured.
Judging will shut it down. Nothing stops the flow of creative ideas faster than judging them on the spot. Wait until the brainstorming is over before you evaluate.
Restate problems as questions. It's easier to entice a group into thinking of creative ideas when challenges are stated as open-ended questions.
Use "Yes and" to expand ideas. Here's one of the basic tenets of improv comedy. It's way too easy to shut down and negate ideas by using the word "but." (i.e. "But I think this is better...") Avoid this at all costs. Instead, expand on what was previously introduced by saying "Yes, and..." to keep ideas flowing and evolving.
