<span>Let x = account's original amount.
7x/6 = 420
x/6 = 60
x = 360
interest earned = (7/6 - 1)x = 1/6(360) = $60
Therefore, the interest that she will earn is $60.
I hope my answer has come to your help. Thank you for posting your question here in Brainly.</span>
Answer:
Marketing information system
Explanation:
A marketing information system (MKIS) is a management information system (MIS) designed to support marketing decision making.
Jobber (2007) defines it as a "system in which marketing data is formally gathered, stored, analysed and distributed to managers in accordance with their informational needs on a <u>regular basis</u>."
We can see from the scenario that''The market researchers at HoneyCamp Foods gather daily sales data'' which conforms with the <u>regular basis</u> stated in the definition above.
It is also stated in the scenario that '<u>'they develop the data needed by marketing managers''</u> which aligns with the content of the definition that <u>''data is formally gathered, stored, analysed and distributed to managers''</u>
Hence the mix of people and procedures at HoneyCamp Foods that generate actionable marketing insights represents a <u>marketing information system.</u>
Answer:
the amount of bad debt expense for the adjusting entry is $8,210
Explanation:
The computation of the amount of bad debt expense for the adjusting entry is shown below:
= Unadjusted trial balance × estimated percentage - credit balance of allowance for doubtful accounts
= $130,500 × 7% - $925
= $9,135 - $925
= $8,210
Hence, the amount of bad debt expense for the adjusting entry is $8,210
Answer:
business
Explanation:
A business organization is any organization established to carry on a commercial enterprise. Their main and ultimate goal, and reason for their existence is to make a profit. The larger the profit a business makes, the better. Businesses are classified into:
- Sole proprietorships
- Partnerships
- Corporations
Answer:
6.12 times
Explanation:
Cost of Goods Sold = $84,000 + $660,000 - $120,000
Cost of Goods Sold = $624,000
Average inventory = ($84,000 + $120,000) / 2
Average inventory = $102,000
Inventory Turnover = Cost of Goods Sold / Average inventory
Inventory Turnover = $624,000 / $102,000
Inventory Turnover = 6.117647059
Inventory Turnover = 6.12 times