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mart [117]
3 years ago
5

Merlin Frodo has been doing custom piercings and tattoos for over thirty years. His home and place of business is a garage in th

e harbor district of Seattle, Washington. He keeps meticulous records of every job he has ever completed. These have been entered into a computerized accounting information system that his accountant refers to as a "data warehouse." Merlin is considering adding scarification to his service offerings and has asked his accountant to identify past customers who might be likely candidates for this service. Merlin wants his accountant to engage in A) customer auditing. B) customer resource management. C) data mining. D) enterprise resource planning.
Business
1 answer:
nataly862011 [7]3 years ago
5 0

Answer:

C.

Explanation:

Data mining is the process of extracting information from the company´s various databases and reorganizing it for porposes other than what the databases were originally intended for.

It provides a means of extracting previously unknown, predictive information from the base of accessible data in data warehouse.

Data mining process is different for different organizations depending upon the nature of the data and organization.

Data mining tools are sophisticated, automated algorithms to discover hidden patterns, correlations, and relationships among organizational data.

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May 11 sydney accepts delivery of $40,000 of merchandise it purchases for resale from troy: invoice dated may 11; terms 3/10, n/
k0ka [10]

Answer:

Journal entries for Sydney (buyer)

May 11. Merchandise is accepted.

Dr Merchandise inventory 40,000

    Cr Accounts payable 40,000

May 11. Shipping costs.

Dr Merchandise inventory 345

    Cr Cash 345

May 12. Returned merchandise.

Dr Accounts payable 1,400

    Cr Merchandise inventory 1,400

May 20. invoice paid within discount period.

Dr Accounts payable 38,600

    Cr Cash 37,442

    Cr Purchase discounts 1,158

Journal entries for Troy (seller)

May 11. Sold merchandise.

Dr Accounts Receivables 40,000

Dr Cost of Goods Sold 30,000

    Cr Sales revenue 40,000

    Cr Merchandise inventory 30,000

May 12. Returned merchandise.

Dr Sales returns and allowances 1,400

Dr Merchandise inventory 1,050

    Cr Accounts receivables 1,400

    Cr Cost of goods sold 1,050

May 20. Invoice paid.

Dr Cash 37,442

Dr Sales discounts 1,158

    Cr Accounts receivables 38,600

7 0
2 years ago
Accounts receivable in an existing business:
Artemon [7]

Answer:

The correct answer is letter "A": are rarely worth their face value.

Explanation:

Accounts receivables are notes issued to customers after selling them a product or rendering services on credit. The repayment term may vary from 30, 60 or 90 days. If an account receivable is not paid after that period it could be considered as an uncollectible account which implies the company will incur losses.

<em>Accounts receivable are hardly ever accepted at face value (real value of the moment of the purchase) because companies add the interest rate that is to be charged for the sale on the account.</em>

4 0
2 years ago
Two ways Brexit benefits the US? I don't need anything about why it doesn't, just need two reasons why it does.
Annette [7]

1. Potentially enables US to trade with UK on better terms (than previously allowed when UK was a member of the EU)

2. Expected that Brexit will enable UK government to award National Health Service contracts to US suppliers

3. Brexit weakens the EU and hence makes US/NAFTA relatively stronger

3 0
2 years ago
A company has elected to pursue the initiatives listed in part a. For each initiative, describe which Balanced Scorecard perspec
Xelga [282]
Precent of repeat customers
6 0
3 years ago
The supply chain contract that involves full refund for returned items as long as the quantity is below an agreed-upon threshold
Fudgin [204]

Answer:

B. False

Explanation:

This is false, as sales rebate is a different concept. The named contract is a <em>quantity  flexibility contract</em>. Rebate is the discount which a buyer receives when buying a larger amount of goods. Rebate is determined by the contribution margin, as it has to be maintained to remain feasible for the seller.

7 0
3 years ago
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