Answer: 60 %
Explanation: Gross profit refers to the amount of profit that a company has after deducting for making and selling charges.
Gross profit percentage or gross profit ratio refers to the ratio of gross profit and net sales. It is used to evaluate how much gross profit does a company makes from its sales. It is a good measure for evaluating liquidity.
This could be calculated as follows :-
=60 %
Answer: 5%
Explanation:
Unemployment rate = Number unemployed / Labor force * 100%
The number of people who are unemployed are:
= Labor force - Employed people
= 800,000 - 760,000
= 40,000 people
Unemployment rate = 40,000 / 800,000 * 100%
= 5%
Answer:
customer relationship management
Explanation:
Customer relationship management (CRM) can be defined as the <u>combination of practices, strategies and technologies that companies use to manage and analyze customer interactions</u> with the goal of improving customer service relationships and assisting in <u>customer retention and driving sales</u>.
The desire to implement a customer reward and loyalty program in Sabre Hospitality Solutions has no other intention and purpose but <u>customer retention and improvement of sales.</u>
Hence, the loyalty implementation program is a customer relationship management strategy.
Answer and Explanation:
The journal entries are shown below;
On Sept 15
Merchandise inventory $77,500
To Accounts payable $77,500
(Being purchase of inventory is recorded)
On Sep 29
Accounts payable $77,500
To Cash $75,175
To Merchandise inventory (3% of $77,500
) $2,325
(Being payment to suppliers after discount is recorded)
