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BabaBlast [244]
2 years ago
14

Firms that listen to existing customers and tailor offerings based on this input are far more likely to identify potentially dis

ruptive technologies than those that experiment with products that existing customers do not demand. True False
Business
1 answer:
Vladimir [108]2 years ago
7 0

Answer:

The correct answer is False.

Explanation:

The keyword of the new technologies is connectivity. The satisfaction of the client will depend on the quality of said connectivity, and the efficiency and speed of the response. Accordingly, customer service is vital for subsistence and business growth, particularly with regard to digital businesses.

Digital transformation is a reality, therefore it is important to know how to apply technology to optimize customer service. Since good marketing strategies and proper customer service are key to increase sales and customer loyalty.

There are many tools that, properly implemented for customer service, will achieve excellent results for your business.

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Green Cabinets is a custom cabinet builder. They recently completed a set of kitchen cabinets (Job Number 1478), as summarized b
Alinara [238K]

Answer:

a. $612

b. $2,480

Explanation:

a. Overhead is applied at a rate of $12 per direct labor hour.

Overhead applied would therefore be;

= 12 * total labor hours

= 12 * 51

= $612

b. Total Cost = Direct labor cost + Direct Material cost + Manufacturing overhead

= 978 + 890 + 612

= $2,480

5 0
3 years ago
The following transactions involving intangible assets of Minton Corporation occurred on or near December 31, 2017. 1. Minton pa
kvv77 [185]

Answer and Explanation:

As per the data given in the question,

The journal entries are shown below:

A. On the date of transaction

1. Franchise A/c Dr. $400,000

          To Cash Cr. $400,000

(Being cash paid is recorded)

2. Research and development expense A/c Dr. $600,000

              To Cash Cr. $600,000

(Being cash paid is recorded)

3. Patents A/c Dr. $180,000

            To Cash Cr. $180,000

(Being cash paid is recorded)

4. Patents A/c Dr. $140,000

          To Cash Cr. $140,000

(Being cash paid is recorded)

5. Legal fees expense A/c Dr. $480,000

        To Cash Cr. $480,000

(Being cash paid is recorded)

6. Patents expense A/c Dr. $252,000

        To Patents Cr. $252,000

(Being patent expense is recorded)

7. Research and development expense $104,000

            To Cash Cr. $104,000

(Being cash paid is recorded)

B. Journal entries on Dec-31, 2018

1. No journal entry is needed

2. No journal entry is needed

3. Amortization expense A/c Dr. $18,000

             To Patents Cr. $18,000

(Being the amortization expense is recorded)

4. Amortization expense $35,000 ($140,000 ÷ 4 years)

             To Patents Cr. $35,000

(Being the amortization expense is recorded)

5. No journal entry is needed

6. No journal entry is needed

6 0
2 years ago
The following cost data for the month of May were taken from the records of the Terrence Manufacturing Company: (CIA adapted) De
vlada-n [284]

Answer:

Total Manufacturing Cost  $81,100

Explanation:

The computation of the manufacturing cost incurred is shown below:

Wages of Production workers: = $30,500

Raw Material $42,000

Material handling $2,700

Factory rent $3,200

Factory Insurance $500

Depreciation on Factory Equipment $2,200

Total Manufacturing Cost  $81,100

We simply added the above items

5 0
3 years ago
When​ Alex's income increased from ​$2,000 to ​$4,000​, he increased his consumption of bagels from 6 to 10 a month and decrease
Oliga [24]

Answer:

For Bagels = 1.33

For Donuts = -1.33

Explanation:

Using the midpoint method, Alex's percentage change in income is given by the difference in income divided by the average income:

\%I =\frac{\$4,000-\$2,000}{\frac{\$4,000+\$2,000}{2}}\\\%I=66.67\%

Alex's percentage change in demand for both bagels and donuts is given by the difference in the quantity consumed divided by the average consumption:

\%B =\frac{10-6}{\frac{10+6}{2}}\\\%B=50.00\%\\\%D =\frac{9-15}{\frac{15+9}{2}}\\\%D=-50.00\%

Alex's income elasticity of demand for bagels and donuts, respectively, is:

E_B=\frac{\%I}{\%B}=\frac{66.67\%}{50\%} \\E_B=1.33\\\\E_D=\frac{\%I}{\%D}=\frac{66.67\%}{-50\%} \\E_D=-1.33

His income elasticity of demand for bagels is 1.33, while for Donuts it is  -1.33.

6 0
3 years ago
Which financial component is a mandatory deduction from your gross pay? A. sales tax B. social security tax C. health insurance
mamaluj [8]

Employers are required to take a deduction for social security taxes.

3 0
3 years ago
Read 2 more answers
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