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lara31 [8.8K]
3 years ago
5

The services market sells diverse services such as legal advice, auto repair, and dry cleaning. Along with finance, insurance, r

eal estate, __________, communication and public utility firms, as well as not-for-profits, these firms represent about 75 percent of all industrial firms.
Business
1 answer:
omeli [17]3 years ago
8 0

Answer:

Service Firms is the correct answer.

Explanation:

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Monette Corporation has found that 70% of its sales in any given month are credit sales, while the remainder are cash sales. Of
hoa [83]

Answer and Explanation:

The preparation of cash collection budget is shown below:-

                            Cash Collection Budget

               For the month of January through March

                                   January         February         March          Quarter

Cash sales                   $43,500      $37,500           $58,500      $139,500

Collection on Credit sales

20% month of sale       $20,300      $17,500        $27,300      $65,100

40% month after            $33,600     $40,600       $35,000      $109,200

24% two months after    $17,640        $20,160        $24,360        $62,160

Total Cash collection      $115,040      $115,760      $145,160        $375,960

Working Note 1

                   November        December       January     February     March

Total Sales   $105,000          $120,000       $145,000    $125,000   $195,000

Cash sales   $31,500            $36,000       $43,500     $37,500     $58,500

Credit sales   $73,500            $84,000       $101,500      $87,500     $136,500

Credit sales is 70% of Total sales every month

Cash Sales is 30% of Total sales every month

Working Note 2

                            January        February       March         Quarter

Cash sales            $43,500      $37,500      $58,500        $139,500

Cash collection from credit sales of

November            $17,640                                                 $17,640

December          $33,600      $20,160                               $53,760

January                $20,300     $40,600        $24,360         $85,260

February                                   $17,500       $35,000         $52,500

March                                                          $27,300            $27,300

Total collections  $115,040     $115,760      $145,160           $375,960

6 0
2 years ago
Tread Inc. is the market leader for sports shoes in the subcontinent of Gavon. Though the brand has not introduced any new produ
Harman [31]

Answer: The answer is b

Explanation:

The concept of advertising response function is based on the theory of marginal physical product and shows the relationship between advertising and the level of consumption of the goods by the consumers. The theory of marginal physical product states that when there is a change in total product resulting from one unit change in the quantity of the resources used per unit of time. When average product is increasing ,marginal physical product is greater than average product,when average product is maximum ,marginal physical equals average product .when average product is decreasing marginal physical product is less than average product.The theory of marginal physical product can also be called the law of diminishing return which states that if increasing quantities of one factor of production are used in conjunction with a fixed quantity of other factors then, after a certain point each successive unit of the variable factor will make smaller and smaller addition to the total output. In this case, the law tells the Trend Inc when to stop adding more input of the variable factor to a fixed factor.

Invariably, we are saying that it high time for Trend Inc, should spend proportionately less on advertising than on newer line. It should now spend more money on bringing of new product into the market than spending more on the advertisement of the sport shoes because at a certain point the demand for the old product will fall when diminishing return must have set in on the product demand.

5 0
3 years ago
Explain five steps in product design for a business
Fittoniya [83]

Explanation:

Five phases guide the new product development process for small businesses: idea generation, screening, concept development, product development and, finally, commercialization.

5 0
2 years ago
What happens to each company's net income if sales increase by 20%?
Tju [1.3M]
The company's net income will grow higher if it increases by 20% and then it will just keep getting higher and higher. Hope this helped, have a great day! :D
8 0
3 years ago
This type of networking includes developing coalitions within the organization. These relationships should be developed upwards
Mashcka [7]

Answer: Professional networking

Explanation:

 The professional networking is one of the type of networking that focus on accessing the data or information on the international level and it also maintain the relationship of the trust in an organization.

It basically include the development of effective coalitions in an organization and structure the professional goals for developing the professional network.

Therefore, Professional networking is the correct answer.

4 0
3 years ago
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