Answer:
Esther is ninety years old, but she still shops for her own groceries every morning. When Esther was younger, she would head to Main Street and stop at the butcher shop for meat, the bakery for bread, and the farmer s market for fruits and vegetables. Now, she goes to a supermarket, where she can shop for all of those items under one roof and spend much less time buying food for the day. The convenience that Esther enjoys is called <u>contact efficiency.</u>
Explanation:
In the business world, contact efficiency is a strategy used by businessmen to provide flexibility to their customers.
Under this strategy, the numbers of stores are reduced and all the main goods kept and sold under one roof to provide better service to the customers. This strategy makes more money and also saves time and energy of the customers.
In the question, Esther is shopping for all her needs from a single supermarket which makes it more reliable for her, hence depicting a perfect example of contact efficiency.
Answer:
Their relationship is considered <u>"strategic".</u>
Explanation:
Strategic relationships build when individuals focused on keeping up a relationship over the long period and putting resources into circumstances that are commonly valuable.
Building strategic relationships is important if you want to accomplish your business. These relationships can prompt new business, greater client or customer commitment, and a better name and profile.
Answer:
Journal entry
Date Account & Explanation Debit Credit
Mar 17. Cash $2,700
Allowance for doubtful accounts $6370
Account receivable $9,070
Jul 29 Account receivable $6,370
Allowance for doubtful accounts $6,370
(To record amount reinstated)
Cash $6,370
Account receivable $6,370
(To record amount received)
Answer:
Robert's interest rate is 91.46%.
Explanation:
Given that Robert has $ 645.42 on his credit card balance, but the payment he needs to make to bring his balance to $ 0 is $ 1235.18, the interest rate for non-payment that he has in his account is as follows:
645.42 = 100
1235.18 = X
((1235.18 x 100) / 645.42) = X
191.46 = X
Therefore, since 191.46 - 100 is equal to 91.46, the interest rate that this account has is 91.46%.
Answer:
c) $1,500,000
Explanation:
Typically inventory for $3,000,000 will last for 30 days. The current order will be depleted by the 15th, which is half of 30 days. You require inventory to run for another 15 days. The inventory required will be half or $3,000,000
=$3,000,000 /2
=$1,500,000
