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Lyrx [107]
3 years ago
10

An online store promises to deliver any order costing over $60 within 24 hours. It uses this strategy to increase the volume of

customer orders and the store always delivers on that promise. This company’s track record for prompt delivery clearly implies that the company rates high on ______.
Business
1 answer:
lara31 [8.8K]3 years ago
5 0

Answer:

these are the options,

  • a. reliability
  • b. assurance
  • c. responsiveness
  • d. empathy

and the correct answer is a. reliability.

Explanation:

As it is explained in the question, the company always delivers its promise. such a company lives up to the customer expectations by constantly providing value for customer's money, in the process, becoming a trustworthy and a reliable company and a brand.

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Haberdash inc. last year reported sales of $12 million and an inventory turnover ratio of 3. the company is now adopting a just-
Sindrei [870]

<span>Sales = $12,000,000</span>

<span> <span>Inventory Turnover ratio (old) = 3
</span><span>Inventory Turnover ratio (new) = 7.5
</span><span>Freed up Cash = ?
</span><span>So, let’s find out the freed up cash
<span> <span>We know level of inventory are calculated as follows;</span>
<span>Inventory = Sales Inventory turnover ratio</span>
<span>Calculating $ value of old inventory
<span> <span>Inventory Old=$12,000.0003
</span> <span><span>                         =</span>$7.5,000,000</span>
<span>  Calculating $ value of New inventory
<span> <span>Inventory New=$12,000,0075
</span> <span><span>                        =</span>$3,000,000</span>
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A business issued a 120-day, 5% note for $84,000 to a creditor on account. Journalize the entries to record (a) the issuance of
sveta [45]

Answer:

a. Issuance of note:

Date             Account title                                         Debit                   Credit

XX-XX          Accounts Payable                            $84,000

                    Notes Payable                                                                $84,000

b. The payment of the note at maturity, including interest. Assume a 360-day year.

Interest payment = 84,000 * 5% * 120/360

= $1,400

Date             Account title                                         Debit                   Credit

XX-XX          Note Payable                                    $84,000

                     Interest payable                               $1,400

                     Cash                                                                              $85,400

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