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DedPeter [7]
3 years ago
12

A discount membership general merchandise store has been educating customers about its business model of a membership fee based

on the volume of products they buy. The store has been focused on reducing cost through the development of its supply chain and inventory systems. What would you add to the company's strategy as the industry moves from the shakeout phase to the mature phase?
Business
1 answer:
andrew-mc [135]3 years ago
3 0

Answer: Monitoring of prices of similar products at other similar stores and matching prices in order to maximize profitability.

Explanation: Shakeout phase is the phase before the maturity phase of the industry life cycle. Shakeout phase is the stage where increase in revenue, cash flows and profitability of the business slows down as the industry approaches maturity.

At this stage, company’s struggle to stay afloat and have to employ strategies such as matching prices with other similar business to avoid price war. Reduction of cost through development of supply chain is another strategy company’s rely on at this critical phase.

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____ [38]

Answer:

D. $ 10,300

Choice D is correct:  Net income = $ 10,300

Explanation:

Cash Received =                                 $ 16000

Less Rent Paid=                                    ( $ 2000)

Add income =                                          $ 3000

Less Salaries for the month of March = ($ 6200)

Less utilities paid                                       ($ <u>500)</u>

<u>Net income=</u>                                               $ 10,300

Treatments.

Net income is found by deducting expenses from revenues earned

$ 100,000 is the retained earnings so it is not accounted for net income.

Equipment is an asset so it is not accounted for net income.

Cash received is the revenue so it is accounted.

Rent is an expense account so it is subtracted.

Income for service $ 3000 provided is also taken into account on matching principle basis.

Advance received will be adjusted when the services will be rendered on matching principle.

6 0
3 years ago
Which of the following is a start up cost associated with opening a business?
Alenkasestr [34]
The correct option is ALL OF THE ABOVE.
The start up cost of a business refers to those costs that are incurred before the business start operation. Such costs include: rent, legal fees, insurance, start up equipment, etc,
4 0
4 years ago
Read 2 more answers
Business letter for fashin design
Ymorist [56]

Answer:Upon learning of your posting for a Fashion Designer, I felt compelled to submit my resume for your review. With my extensive experience in apparel design and development, as well as my proven commitment to producing high-quality and innovative pieces for globally recognized brands, I feel confident that I would significantly benefit your organization.

From creating initial conceptual drawings and renderings to driving optimal garment design and production, I am well prepared to continue exceeding expectations in fashion design. With my impressive achievements specifically in women’s sportswear, my additional expertise in trend analysis, supplier networking, and diverse design styles position me to thrive in this challenging and creative position with EarthComponentWear.

Highlights of my background include:

Designing and developing women’s sportswear garments over the past 10 years that have been showcased and sold in reputable apparel stores including The Gap and American Eagle.

Demonstrating expertise in draping, fabric/design boards, technical sketches, mock-ups, fittings, alterations, and production.

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With my comprehensive experience in fashion design, coupled with my enthusiasm and dedication to achieving success, I believe I could swiftly surpass your expectations for this role. I look forward to discussing the position in further detail.

Explanation:

3 0
3 years ago
. Payday loans are very short-term loans that charge very high interest rates. You can borrow $200 today and repay $225 in two w
Natasha_Volkova [10]

Answer:

2239%

Explanation:

The compound annual can be determined by converting this 12.5% in two weeks to an effective annual rate  as below:

Effective annual rate=(1+12.5%/2)^52-1

By dividing by 2 we are reducing 12.5% to a weekly rate

By raising to the power of 52, we are expressing the weekly rate in annual terms.

Effective annual rate=(1+12.5%/2)^52-1=(1.0625 )^52-1

Effective annual rate=23.39401767 -1=2239%

4 0
3 years ago
Sun Devil Hair Design has the following transactions during the month of February. February 2 Pay $700 for radio advertising for
lord [1]

Answer:

Sun Devil Hair Design Journal entries

Feb. 2

Dr Advertising expense 70p0

Cr Cash 700

Feb. 7

Dr Supplies 1,300

Cr Accounts payable 1,300

Feb. 14

Dr Cash 2,900

Cr Service revenue 2,900

Feb. 15

Dr Salaries expense 900

Cr Cash 900

Feb. 25

Dr Accounts receivable 1,000

Cr Service revenue 1,000

Feb. 28

Dr Utilities expense 300

Cr Cash 300

Explanation:

No further explanation was been given in this question.

5 0
3 years ago
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