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Mrrafil [7]
3 years ago
14

What’s one difference between a checking account and a savings account

Business
1 answer:
lutik1710 [3]3 years ago
6 0
A checking account starts building credit
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The income statement for the month of June, 2018 of Sarasota Enterprises contains the following information:
BlackZzzverrR [31]

Answer:

b) credit to Rent Expense for $1530

Explanation:

Date Accounts and Explanation     Debit     Credit

         Income Summary                   $5,550

             Salaries & Wages Expense              $2,900

             Rent Expense                                    $1,530

             Advertising Expense                         $740

             Supplies Expense                              $270

             Insurance Expense                             $110

        (To Close the expense accounts)  

8 0
2 years ago
Choose and describe a business that would have a significant amount of deferred revenue and share a photo of that business (or c
kondor19780726 [428]

Answer and Explanation:

Deferred revenue refers to payment received before the service or goods are delivered. Consider a subscription service that provide annual subscription such as Netflix. You may take the subscription through annual or monthly payment system. In case of annual payment system you have paid for 12 months but are currently on month 1. As a result, the 11 other months’ payment is considered as deferred revenue for Netflix.

Businesses such as this (Netflix) who sell annual subscription will have significant deferred revenue. The current Netflix subscription charges are $10.99 per month (lowest tier). In case of annual subscriptions they will likely have 11 months of deferred revenue or 11*10.99 = $120.89 as deferred revenue. Their total revenue per customer (in the lowest tier) will be $131.88. This makes their deferred revenue as 91.67% of their revenue.

5 0
3 years ago
Suppose a local bank increases the fees they charge for their bank accounts by 2020 percent. In​ response, the demand for their
Musya8 [376]

Answer:sory i doont nhow

Explanation:

6 0
3 years ago
A basic Customer Relationship Management premise is that: a. each individual customer is limited to a single sale. b. customers
klasskru [66]

A basic Customer Relationship Management premise is that<u> (B) </u><u>customers form relationships with companies as opposed to companies conducting individual transactions with customers.</u>

<u />

  • A tool known as customer relationship management (CRM) is used to handle all interactions and relationships between your business and its clients.
  • The objective is straightforward: to strengthen business ties.
  • CRM systems assist businesses in maintaining contact with clients, streamlining procedures, and boosting profitability.
  • Expressing gratitude to customers once they make purchases.
  • If a customer buys a certain product, upsell or cross-sell to them.
  • sending a coupon along with a birthday greeting. giving a customer who hasn't bought anything recently a discount.

What is CRM and why is it important?

  • CRM enables organizations to establish a relationship with their clients, which fosters loyalty and client retention.
  • CRM is a management technique that boosts a company's profits since customer loyalty and revenue are two factors that influence a company's revenue.

Learn more about customer relationship management (CRM) /brainly.com/question/21299183

#SPJ4

7 0
2 years ago
WesternBioLabs Inc. is in the process of laying off 10% of its shipping and receiving employees. At the same time, it is hiring
igomit [66]

Answer:

A. Churning

Explanation:

Employee Churning is also known as employee turn-over which is an act of laying off employees while recruiting new ones. It is a measure always taken to conserve a company's limited resources. The turnover rate is given as the percentage of employees being laid off or leaving workers over a period of time. There are a lot of factors contributing to churning such as downsizing through attrition either due to recession or scarcity of company's resources.

5 0
3 years ago
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