All categories

3 years ago

Why should employees act as if customers are their employers?

Business

1 answer:

emmainna [20.7K]3 years ago

3 0

<h2>Because customers are the source of income to the business and employees work for business</h2>

Explanation:

Let us understand the concept of business and source of income.

We say "Customers are king". Why is that so?

We get income only from customer.

Employee gets income from employer. So, how employer gets money?

It is from the customer. So indirectly customers are the employers who act as the source of income.

So if business is running fine then only customer will be available. If customers are available then income is available.

You might be interested in

How much do you expect gas to cost in 2020?

mina [271]

Atleast 5 dollars because of how there is a limited supply of gasoline today

4 0

3 years ago

Read 2 more answers

David has decided to open an auto-detailing business. he will pick up an automobile from the client, take it to his parents' gar

igor_vitrenko [27]

Okays oakY oLKhMa aoakmahjan apakmah

3 0

3 years ago

Bond A pays $4,000 in 14 years. Bond B pays $4,000 in 28 years. (To keep things simple, assume these are zero-coupon bonds, whic

Arlecino [84]

Answer and Explanation:

Given that Bond A pays $4,000 in 14 years and Bond B pays $4,000 in 28 years, and that the interest rate is 5 percent, we see that Using the rule of 70, the value of Bond A is 70/5 = doubled after 14 years. Now if its value is 4000 in 14 years, its current value must be halved. Hence the value is 2000.

Sinilarly the value of Bond B is approximately one fourth now because it pays 4000 in 28 years. Hence its value is 4000/4 = 1000.

Now suppose the interest rate increases to 10 percent. Hence the doubling time is 70/10 = 7 years

Using the rule of 70, the value of Bond A is now approximately 1,000 and the value of Bond B is 250

Comparing each bond’s value at 5 percent versus 10 percent, Bond A’s value decreases by a smaller percentage than Bond B’s value.

The value of a bond falls when the interest rate increases, and bonds with a longer time to maturity are more sensitive to changes in the interest rate.

8 0

3 years ago

A firm has $76,000,000 in debt, which accounts for 43% of their total funds raised; the after-tax cost of these funds is 6.10%.

Digiron [165]

11.55% is the weighted average cost of capital for these funds

Explanation:

Firm has 76000000 in debt and 100000000 in equity. Thus the proportion of debt =

= 76000000/(76000000 + 100000000)

= 43.18%

and proportion of equity = 1 - 43.18% = 56.82%

Therefore, WACC = 0.4318 * 6.1 + 0.5682 * 15.7

= 11.55%

7 0

3 years ago

Suppose the majority of students who are graduating in May from a large university have found jobs and signed employment contrac

Aleks [24]

Answer:

<u>increase </u>, <u>reduce </u>

Explanation:

Assumption: <u>The given problem has been solved upon the assumption that students, who are in the process of entering employment, will lead to the possibility of increased spendings, since such students disposable income rises. </u>

Aggregate demand represents the total demand for all goods and services produced in an economy during a period.

Mathematically, Aggregate Demand is represented as follows:

AD = C + I + Net Exports + G

wherein,

C = Consumption

I = Investment

Net Exports = Exports - Imports

G= Government Spending

In the given case, students which earlier had no income of their own, will now have a disposable income. Owing to which, their consumption spending would increase.

As a result of this, the savings would reduce.

Y = C + I + G

where, Y = National Income

I = Investment

G= Government expenditure

Aggregate demand will increase as a consequence.

4 0

3 years ago