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3 years ago

By providing good customer service, firms __________ their products.

Business

1 answer:

dybincka [34]3 years ago

7 0

Answer:

B. add value to

Explanation:

Customer service includes all forms of assistance and advise given to a firms' customer.

A firm with good customer service adds value to the firms' product.

For instance, if I buy a decoder and can't figure out how to set it up, if I contact a firm's customer service and they are unresponsive or provide bad service, I might be unable to effectively use the decoder. This would reduce the value of the decoder to me.

But if I contact the customer service and they are prompt to answer my questions and give assistance, the value of the decoder to me would be enhanced.

I hope my answer helps you

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If you received a constant annual rate of return of 7% on an investment of $10,000, how many years will it take before you have

DaniilM [7]

Answer:

It will take 10 years to have $20,000 on investment of $10,000.

Explanation:

Annual Rate of return = r = 7%

Compounded Value / Future Value = FV = $20,000

Investment Value / Present Value = PV = $10,000

Use Future value formula to solve this question:

Future Value = Present Value x ( 1 + Number of Year )^Number of year

FV = PV x $( 1 + r )^{n}$

$20,000 = $10,000 x $( 1 + 0.07 )^{n}$

$\frac{20,000}{10,000}$ = $( 1 + 0.07 )^{n}$

$2 = $1 .07 ^{n$

Log 2 = n log 1.07

0.30 = n x 0.03

n = $\frac{0.30}{0.03}$

n = 10.00

n = 10 year (rounded off to nearest year )

It will take 10 years to have $20,000 on investment of $10,000.

8 0

3 years ago

Equipment was purchased for $161500. Freight charges amounted to $5500 and there was a cost of $10000 for building a foundation

NISA [10]

Answer:

$27,800

Explanation:

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

Cost of asset = $161500 + $5500 + 10000 =$177,000

$177,000 - $38000 = $139,000 / 5 =$27,800

depreciation expense each year would be $27,800

4 0

3 years ago

Sally tends to procrastinate early in a project's development, but she always comes through when the pressure is on. for sally,

iragen [17]

Constructive stress. When stress produces results it is constructive.

7 0

3 years ago

The Whalers are interested in trading their star left tackle. He is a veteran and makes $1.6 million per year. They are consider

Romashka-Z-Leto [24]

Answer:

$1,800,000

Explanation:

The veteran player makes $1.6 million per year.

The new prayer will be paid $1 million per year.

the Savings per year will be

= $1, 600,000 - 1,000,000

= $ 600,000

The savings in three years will be

=$600,000 x 3

=$1,800,000

3 0

3 years ago

Exercise 8-5 The ledger of Costello Company at the end of the current year shows Accounts Receivable $110,000; Sales Revenue $84

Nina [5.8K]

Answer:

Journal entries are shown below:

Explanation:

The journal entries are as follows

a. Bad debt expense $1,400

To Account receivable $1,400

(Being the bad debt expense is recorded)

b. Bad debt expense $8,900

To Allowance for doubtful accounts $8,900

(Being the bad debt expense is recorded)

The computation is shown below:

= $110,000 × 10% - $2,100

= $11,000 - $2,100

= $8,900

c. Bad debt expense $6,800

To Allowance for doubtful accounts $6,800

(Being the bad debt expense is recorded)

The computation is shown below:

= $110,000 × 6% + $200

= $6,600 + $200

= $6,800

4 0

3 years ago