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givi [52]
3 years ago
11

Richard Inc. has been receiving complaints from its customers about the inefficiency of its customer service professionals. The

company has now decided to change the recruitment criteria for this role. The new criteria place more emphasis on technical expertise. Richard Inc. is attempting to make a change in the area of
Business
1 answer:
yaroslaw [1]3 years ago
6 0

Answer:

Organization structure and design

Explanation:

Organization structure is when a company's mode of operations and strategies are clearly defined and translated into various functions to be carried out by units in the organization and how those units work together to achieve common objectives, while organization design which is quite broader than organization structure tells us about a company's whole process, how teams are set up and led to achieve an organization goals.

Both structure and design are often used to give directions to an organization where the desired results are not met. As in the above scenario, both the structure and the design will now be restructured and redefined such that the new employees that will be recruited must meet the criteria as set out therein hence result in operational efficiency.

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What happens when you make a purchase using a credit card?
harkovskaia [24]
It takes ur money out and away
4 0
4 years ago
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Unearned revenues are generally revenues that have been earned and received in cash revenues that have been earned but not yet c
Tcecarenko [31]
Unearned revenues are general revenues that  Liabilities created when a customer pays in advance for products or services before the revenue<span> is earned

If a client pay us for our service in advance, we now have an obligation to provide services that we must fulfill in the future.
In accounting, we could consider this obligation as a liability which will be recorded in credit when it increased.
</span>
5 0
3 years ago
Prepare a multiple-step income statement through the calculation of gross profit.
Darya [45]

Answer:

inventory  6,000 debit

     account payable 6,000 credit

--to record July 1st--

Acc Rec   900 debit

 Sales Revenues   900 credit (+900 income)

--to record sale--

COGS  500 debit (-500 expense)

  Inventory   500 credit

--to record cost of sale--

Delivery expense 125 debit (-125 expense)

   Cash                 125 credit

--to record freight-out --

Cash          1,700 debit

 Sales Revenues   1,700 credit (+1,700 income)

--to record sale--

COGS  1,300 debit (-1,300 expense)

  Inventory   1,300 credit

--to record cost of sale--

Inventory   2,200 debit

  Account Payable  2,200 credit

--to record purchase--

Account Payable 200 debit

   Inventory                200 credit

--to record return of goods--

Cash   882 debit

Sales DIscount 18 debit

   Accounts Receivables   900 credit

--to record payment from customer--

Account Payable 6,000 debit

    Cash                      5,940 credit

    Inventory                    60 credit

--to record payment to supplier--

Cash          1,200 debit

 Sales Revenues   1,200 credit (+1,200 income)

--to record sale--

COGS  800 debit (-800 expense)

  Inventory   800 credit

--to record cost of sale--

Sales Returns  200 debit

     Account Receivables  200 credit

-- to record return from customer--

Account Payable 2,000 debit

    Cash                      1,960 credit

    Inventory                    40 credit

--to record payment to supplier--

Cash   980 debit

Sales DIscount 20 debit

   Accounts Receivables 1,000 credit

--to record payment from customer--

Cash          7,000 debit

 Sales Revenues   7,000 credit (+7,000 income)

--to record sale--

COGS  4,800 debit (-4,800 expense)

  Inventory   4,800 credit

--to record cost of sale--

Explanation:

Cheek

900 x 2% = 18

net of discount 900 - 18 = 882

Boden:

6,000 x 1% = 60

Net of discount 6,000 - 60 = 5,940

Leight:

2,200 - 2,000 = 2,000 balance due

2,000 x 2% = 40

net of discount 1,960

Art Co:

1,200 - 200 = 1,000 balance due

1,000 x 2% = 20 discount

net = 1,000 - 20 = 980

8 0
3 years ago
David Harbert recently started a business. During the first few days of operation, Mr. Harbert transferred cash from his persona
masya89 [10]

Answer:

5

Explanation:

A reporting entity is any entity in men or organizations that depends on the financial report produced by an organization for an understanding of the financial performances and position for the purpose of decision making. This can be investors and other stakeholders in the business.

In the scenario given , the relative parties that will rely of the financial report are

David Herbert  as the Entrepreneur , Herbert Enterprises which prepare the report ,George , Herbert's brother an investor , First federal bank , a loan provider and City properties.

8 0
3 years ago
Assume the total cost of a college education will be $345,000 when your child enters college in 18 years. You presently have $73
iren2701 [21]

Answer:

r= .0901, or 9.01%

Explanation:

N=18, PV=73,000, FV=345,000, I=? 9

Therefore:

V = PV(1 +r)t

= (FV/PV)1/t– 1

r= ($345,000/$73,000)1/18– 1

r= .0901, or 9.01%

The annual rate of interest the person must earn on the investment to cover the cost of the child’s college education is 9.01%

4 0
3 years ago
Read 2 more answers
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