Being a customer advocate is a major factor underlying repeat sales.
If you always vouch for your customers, and try to provide them with goods of best quality, they will be more likely to buy more of your stuff and always return to your company for products. Thus, it is good to be on friendly terms with your customers.
Answer: D. an understatement of expenses and an overstatement of owners' equity
Explanation:
If a purchase of merchandise was not recorded, it would mean that Purchases being <u>an expense</u> that contributes to the Cost of Goods sold would be understated.
This understatement would mean that the the Net income is overstated because the purchase expenses were never deducted from it. Net Income is part of owners' equity so if it is overstated, so is owners' equity .
<u>Answer:</u> lack of motivation
<u>Explanation:</u>
In this case the the department chair has provided a task to all the team members where the team members have failed perform their tasks. This is because they do not have any benefits out of doing the task such as motivation.
There is no motivation such as appreciation, reward, incentives or growth opportunities in performing the task given by the department chair. The employees did not go through the review of activities and goals before creating the program review.
True. Competitive intelligence means gaining information about one's competitors' activities so that you can anticipate their moves and react appropriately.
Explanation:
Businesses often employ specific researchers to make strategies according to competitive intelligence for which there is dedicated analysis and anticipation for the moves that the market competition of a company is going to come up with.
This is ethically done by keeping a check of the competitors website and press releases, business publications of research and columns which indicate market trends in the industry as well as consumer behavior and market share statistical analysis.
Answer:
$1,520
Explanation:
Given that,
Accounts Receivable balance = $63,400
Allowance for Doubtful Accounts balance = $1,300
Services provided on account during year 2 = $152,000
Cash collected from accounts receivables = $161,300
Estimated Uncollectible accounts = 1% of sales on account
Therefore, the amount of uncollectible accounts expense during the year 2 is the 1 percent of the amount of services provided on account to a customer.
Hence, the amount of uncollectible accounts expense recognized on the Year 2 income statement is calculated as follows:
= Services provided on account × Estimated Uncollectible accounts
= $152,000 × 1%
= $1,520
