Advertising sales agents typically work under the direct supervision of a manager or supervisor. True.
Initally, an advertising sales agent works under the direct supervision of a manager or supervisor. They are trained and coached by those who are experienced in the field. Once the sales agent has completed a set amount of hours (based on different agency requirements) they are no longer required to complete check-ins as often. These sales agents are then on their own most of the time by setting their own hours for work as long as they meet company goals.
Answer:
Explanation:
The journal entry to record the establishment of the fund on September 1 is:
Debit: Petty Cash. $460
Credit: Bank. $460
Being cash drawn for petty cash.
Other journal entry for the disbursement of the petty cash fund are:
1. Debit: Office Supplies. $94
Credit: Petty cash. $94
Being cash paid for office supplies
2. Debit:Merchandise inv. $170
Credit: Petty Cash. $170
Being cash paid for merchandise inventory
3. Debit: Miscellaneous exp. $43
Credit : Petty cash. $43
Being cash paid for miscellaneous expenses.
Current balance in the general ledger cash account is $5,320
Explanation:
General ledger
Opening balance $4,000
(Add)
A note collected by a customer $1,000
interest collected by a customer $40
NSF check from a customer $300.
------------------
$5,340
(Less) bank service charges $20
---------------
Balance in the general ledger
cash account is $5,320
current balance in the ledger cash account =
( $4,000+ $1000+ $40+ $300- $20= $5320)
Answer: A) cost-leadership business strategy
Explanation:
Cost leadership business strategy is a
- strategy of getting a competitive advantage by having the lowest cost of operation in the entire industry.
- makes a reasonable profit on each sale because you've reduced costs.
Here, To gain an advantage over other computer chip makers, Sematech focuses on <u>reducing its costs below all of its competitors</u> .
where as product differentiation is a technique use to differentiate a product from similar offerings on the market.
So, Sematech is pursuing a<u> cost-leadership business strategy</u>.
So, correct option is (A).
