1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
MaRussiya [10]
3 years ago
6

It is important to manage customer relationships because customers provide a great deal of value to the company if they remain c

ustomers for many years. ________ predicts how much profit is associated with a customer during the course of their lifetime relationship with a company.
Business
1 answer:
qwelly [4]3 years ago
7 0

Answer:

Customer lifetime value predicts how much profit is associated with a customer during the course of their lifetime relationship with a company.

Explanation:

It is important to manage customer relationships because customers provide a great deal of value to the company if they remain customers for many years.

Customer lifetime value is greater for companies who have loyal customers as compared to customers who are one time only. They add less value to the company as customers are also a source of promotion for the company.

You might be interested in
Merle Industries had been selling its product for $24 per unit, but recently lowered the selling price to $17 per unit. The comp
Lana71 [14]

Answer:

The company’s inventory be reported on the balance sheet as $3,150.

Explanation:

GAAP and IFRS requires that the inventory of the company should be recorded as Lower cost and Net realizable value of the inventory.

According to given data

Available Inventory = 210 units

Cost of Inventory = 210 units x $20 = $4,200

Net realizable value is the value of the inventory which can be recovered on the immediate sale. the current market value of the inventory is $15.

So,

Net realizable value is = 2,100 units x $15 = $3,150

As the Net realizable value is lower than the cost of the inventory, $3,150 should be reported as inventory on the balance sheet.

7 0
2 years ago
The following labor standards have been established for a particular product: Standard labor-hours per unit of output 9.4 hours
dexar [7]

Answer:

the  labor efficiency variance is $35,244 favorable

Explanation:

The computation of the labor efficiency variance is shown below:

As we know that

Efficiency Variance is

= Standard rate × (Standard hours - Actual Hours)

= $13.20 × (9.4 ×1,050 units - 7,200 hours)

= $13.20 × (9,870 hours - 7,200 hours)

= $35,244 favorable

hence, the  labor efficiency variance is $35,244 favorable

7 0
2 years ago
If two or more users are waiting for the other user to release a lock before they can proceed, this is known as a ____.
ra1l [238]
The correct answer to go in the blank would be ''Deadlock''.

3 0
3 years ago
Read 2 more answers
Natalie and Curtis have been experiencing great demand for their cookies and muffins. As a result, they are now thinking about b
lukranit [14]

Answer:

Cookie & Coffee Creations Inc.

a) Current Portion of Note Payable:

= $4,000

b) Long-term Portion of Note Payable:

= $6,000

Explanation:

Data and Calculations:

Date of Note Payable = November 1, 2017

Period = 3 years

Interest rate = 5%

Terms of payment:

Fixed principal payments = $2,000

Payment dates = May 1 and November 1

Each year's principal repayment = $4,000 ($2,000 x 2)

From November 1, 2017 to October 31, 2018 = $4,000

At October 31, 2018, Payment made = $2,000 on May 1

Remaining Note payable = $10,000 ($12,000 - $2,000)

Current Portion = $4,000 ($2,000 x 2)

Long-term Portion = $6,000

b) The current portion of $4,000 will be payable on November 1, 2018 and May 1, 2019.  The current portion represents the short-term portion of the note payable, which is the portion that will be settled within a 12-months' period.  Since Cookie & Coffee Creations Inc. had already paid $2,000 on May 1, 2018, the long-term portion will only remain $6,000 ($12,000 - $2,000 - $4,000), which is the difference between the total note payable, the portion paid on May 1, 2018, and the current portion of $4,000 that will be payable within one year.

5 0
3 years ago
You are a 25% partner of ABC, LP. Here are some additional facts – • ABC's 2020 partnership tax return, when filed, will show th
Masja [62]

________________________________

<h3>= 25% × $1,400,000 ÷ 100</h3><h3>= <u>$350,000</u></h3>

________________________________

4 0
3 years ago
Read 2 more answers
Other questions:
  • Kilian Company's inventory balance at the end of the year does not include $10,000 of inventory that was stored in a separate wa
    13·1 answer
  • Which of the following is correct?
    15·1 answer
  • if a business with several branches did not maintain a system of branch account, what financial control element would be missing
    14·1 answer
  • Assume a hypothetical case where an industry begins as perfect competition and then becomes a monopoly. As a result of this​ cha
    10·1 answer
  • Which of the following is correct?
    7·1 answer
  • Nebulus Corporation owns 30% of the voting stock of Suite Company. It reports the 30% interest as an equity method investment, w
    14·1 answer
  • Sidewinder, Inc., has sales of $634,000, costs of $328,000, depreciation expense of $73,000, interest expense of $38,000, and a
    5·1 answer
  • The supply of shoes dropped. Stores are having a hard time finding enough shoes to sell. What will happen to the price of shoes?
    15·1 answer
  • here is more poi nts sorry for my last one that got flagged cause ech o2155 flagged my question I'm just doing a give away
    8·1 answer
  • If $1,000 of additional spending occurs and the marginal propensity to consume is 0.8, the total effect on the economy is an inc
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!