If
teamwork and support are high on your priority list, a closed corporation may
be a poor choice for a business.
A closed corporation is generally a smaller corporation, it means that it is held by a
limited number of shareholders and is not publicly traded. There are
many different types of corporations.
Answer:
D) have customers who operate in many different parts of the country.
Explanation:
A lockbox is basically a bank mailing address where a company's clients can send their payments to. It is similar to mailbox that receives letters, only that this one receives checks and cash. The bank is in charge of opening the lockbox and depositing the cash and checks to the company's account, and reporting the information.
Answer:
a) Operating income - $33,800
Explanation:
<em>The flexible budget would be prepared for a different activity level of 6,300 production units but using the assumptions of the fixed budget</em>
$
Sales revenue - ($7× 6,300 units ) : 44,100.00
Less Variable cost - ($1 × 6,300 units ) : <u>( 6,300)</u>
Contribution 37,800
Less Fixed costs <u>(4,000)</u>
<u>33,800</u>
<em>Note that the fixed costs of $4000 remains the same for both the static and flexible budgets. This is because the activity level of 6,300 units of the flexible budget remains within relevant range. So the fixed cost would not change.</em>
Answer:
The correct answer is letter "C": duplicated reach.
Explanation:
Duplicated reach refers to an advertisement that could have been seen by the same individual in the audience through different mediums. The activity receives the name of duplicated reach but the promotion can reach people through multiple ways such as television, radio, the internet, social media, billboards, to mention a few.
In the example, <em>the Savor chocolate advertisement has a double reach since it is portrayed during the transmission of two different TV shows using one single channel (television).</em>
Answer:
Sales return
Explanation:
Sales return when a customer is not satisfied with a product, refuses to accept the order and expects to receive back the whole amount of money he paid for it.
Tom's Textiles are at wrong here as they shipped the wrong material to a customer. The customer is allowed not to accept the order and all the money he paid must be reimbursed to him. The company should apologize for the mistake in a pleasant manner, as mistakes happen everyday and can be corrected quickly and efficiently.
