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Leno4ka [110]
3 years ago
8

Working for a very large organization in the tractor manufacturing industry, John always heard complaints from customers about t

he parts and services aspects of the business. Taking an early retirement, John started his own business to specifically address the many customer complaints he had been hearing. Which of the following is most likely to be the factor that led John to the business idea?A. A similar business
B. Chance
C. Work experience
D. Family and friends
Business
1 answer:
Ksju [112]3 years ago
3 0

Answer:

The correct answer is letter "C": Work experience.

Explanation:

People's work experience allows them to obtain knowledge in the fields they developed their careers in. There are many cases in which individuals start working n large entities to have an idea of how certain business is handled to then start their own companies confident that the knowledge acquired will be enough to run the organization.

In John's case, <em>thanks to the complaints he heard while he was acquiring work experience in a tractor manufacturing company, he was able to open his own business to resolve the common issues he was already aware of.</em>

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Bramble Company uses the percentage of receivables method for recording bad debt expense. The accounts receivable balance is $59
shusha [124]

Answer and Explanation

Given:

Accounts receivable balance = $598,000

Percentage of receivables that are uncollectible = 5% or 0.05

Uncollectible receivables = 0.05 × 598,000 = $29,900

Adjusting journal entry to record bad debt expense is:

Particulars                                          Debit              Credit

Bad debts expense                            XXXXX

     Allowance for doubtful debts                               XXXXX

(Being bad debts incurred)

Noe, Allowance for doubtful debts has a credit balance of $4,800.

Bad debt incurred = 29,900 - 4,800 = $25,100

So adjusting entry :

Particulars                                          Debit              Credit

Bad debts expense                            $25,100

     Allowance for doubtful debts                             $25,100

(Being bad debts incurred)

7 0
4 years ago
Federal express has a(n) ________________ in logistics and customer service, since these are activities it does especially well
andrezito [222]
The answer to this question is that federal express has a core competence. Core competence is the main strenghts or advantages of a business or the company in order for them to become competitive in the market. The concept of Core competency was introduced by Gary Hamel and Prahalad. Core competency is what the business or company can do to their customers and their expertise that is unique that can be valued by the customers.
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mina [271]

the answer is promotion

4 0
3 years ago
Which of the following is not an example of a multichannel retailer?
Lina20 [59]

Answer:A

thats the one

Explanation:

6 0
3 years ago
Finance tattletale news corp. has been growing at a rate of 20% per year, and you expect this growth rate in earnings and divide
alexira [117]

Answer:

$1.81

Explanation:

we must use a combination of non-constant growth formula and the Gordon growth model to determine the price for the stocks in year 0 and year 1:

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stock price year 1 = ($2.88 / 1.15) + ($3.456 / 1.15²) +[$4.1472 / (15% - 4%)] / 1.15³ = $2.50 + $2.61 + $24.79 = $29.90

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*All answers have been rounded to the nearest cent.

5 0
3 years ago
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