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3 years ago

structural changes must an organization undertake to switch from a product to a customer orientation?

Business

1 answer:

nevsk [136]3 years ago

5 0

Answer and explanation:

In case a firm wants to change its focus from a product orientation to customer orientation, Customer Relationship Management (CRM) must be implemented at all levels of the organization -administrative and operational. Then, this method of working must be promoted along with the company so every employee is aware of what the firm is looking for to prioritize the customers' needs.

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A new machine comes with 200 free service hours over the first year. Additional time costs $150 per hour. What are the average a

pishuonlain [190]

Answer:

(a) 0; 0

(b) $150 per hour; $16.67 per hour

Explanation:

(a) Number of hours = 125

Marginal cost = 0 (since service is cost less upto 200 hours)

Average cost = 0

(b) Number of hours = 225

Marginal cost = $150 per hour

Total cost = $150 × (225 - 200)

= $150 × 25

= $3,750

Average cost = Total cost ÷ Number of hours

= $3,750 ÷ 225

= $16.67 per hour

Marginal cost = $150 per hour

Total cost = $150 × (325 - 200)

= $150 × 125

= $18,750

Average cost = Total cost ÷ Number of hours

= $18,750 ÷ 325

= $53.57 per hour

5 0

3 years ago

When the allowance method is used to account for uncollectible accounts, Bad Debts Expense is debited when A. a customer’s accou

MaRussiya [10]

Answer:

Option D. management estimates the amount of uncollectibles

Explanation:

When the company estimates the bad debts, reflects it in the balance sheet through a Debit entry in the Bad Debt Expenses againts the asset account Allowance for Doubtful Accounts as a Credit.

When the bad debt are confirm as uncollectible the loss is reflected in the Account Receivable as a Credit with the correspondent debit entry in the Allowance for Doubtful Accounts.

7 0

3 years ago

an economy in which all the boys became farmers when they are adults just as their fathers and grandfathers did would be an exam

sergeinik [125]

That would be an example of traditional economy.

8 0

4 years ago

ST Trucking just signed a $3.8 million contract. The contract calls for a payment of $1.1 million today, $1.3 million one year f

Doss [256]

Answer:

The worth of the contract today = $3,480,817.37

Explanation:

To determine the worth of the contract today,

We will work out the present value of each of the expected future cash cash payment at a discount rate rate of 8.7% and sum them.

The present valus of the payments indicate how much they worth today if the ST Trucking can invest at a rate of 8.7% per annum

This is done as follows:

PV = 1,100,00× (1.087)^(-0) + (1,300,000 × (1.087)^(-1) + (1400000 ×(1.087)^(-2)

PV = 1,100,000 + 1,195,952.2 + 1,184,865.2

= $3,480,817.37

The worth of the contract today = $3,480,817.37

7 0

3 years ago

Identify the importance of accounting by selecting the statement that is correct below. Multiple choice question. Accounting inf

Zielflug [23.3K]

Answer:

Accounting information helps users make business and financial decisions.

Explanation:

Users of accounting information are divided into :

Internal users
External users

Internal users include : owners, managers, employees

External users include : shareholders, tax authority, regulatory bodies

Based on the information contained in the financial information a shareholder can decide if to invest in a company or not to.

Also, mangers can decide to invest in new ventures based on the information on profitability contained in the financial statements.

6 0

3 years ago