The correct answer to this open question is the following.
Amy owns a salon and spa. She’s leasing a prime piece of real estate in which she’s installing salon chairs, counters, massage tables, spray tan vestibules, washers, and dryers. These items are considered commodities and pluses that improve the quality of the leasing and upgrade the facility. These are also tools to help the new operator to properly do the work and offer great client service. With all those elements, Amy can justify the amount of money she asks for the rent of the space. More items included, the higher the prize.
Answer:
False.
Explanation:
Operations manager should ensure quality control is done at all stages in the production cycle to ensure highest standard. If quality check is carried out only at the final stage defects that should have been spotted earlier will cause product to be discarded.
So checking the product at the last stage is counter-productive.
Answer: Wholesaler
Explanation:
Television Haven buys televisions from a manufacturer and then sells them to department stores. Television Haven is most likely a wholesaler.
A wholesaler involves someone who buys goods from the manufacturer or producer in bulk, that is large quantities and then sell to the retailers after which the retailer then sells to the consumers
Here, Television Haven is a whilesaler while the department store is a retailer.
Answer:
$31,000
Explanation:
decrease in accounts receivable = $1,000
Sales = $30,000
Cash collected from customers = Sales plus decrease in accounts receivables
= $30,000 + $1000
= $31,000
The decrease in account receivables represents the collection of cash from a customer. If sales amount to $30,000, all must have been collected in cash hence no amount was outstanding to increase receivables. Hence the addition of the two items gives the cash collected from customers.
Answer:
$117,600
Explanation:
Boxes of Frosted Flakes ×Estimate of Box Tops to be redeemed
1,344,000×60%= 806,000
806,000- 630,000 (Box Tops redeemed) =176,400
Estimate of Box Tops left to be received /Number of Box Tops Needed per bowl
176,400/3= 58,800 Total bowls estimated to be sent to customers in future
58,800 x 2.00 (The Cost of bowls to company was $3 while the cash to be received from customer was $1)
= $117,600 Which will be the total premium liability to be recorded.
