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laila [671]
3 years ago
8

Recently, Darlene has found that they have begun to reach market saturation. She is having trouble finding new customers. One so

lution would be to increase the company's reach, perhaps by opening up locations in other areas. However, she knows this will be expensive. After noticing that many of their customers are planning on expanding and purchasing bigger facilities, Darlene feels that the best option is to increase the company's
Business
1 answer:
Black_prince [1.1K]3 years ago
8 0

Answer: a. share of customer

Explanation:

Share of Customer refers to the proportion of the total amount that a company gets out of money that a customer will spend in a certain category.

In other words, a company that has a greater share of customer from a particular customer will see that customer spend more of their money on them.

Share of Customer is improved by excellent working relationships with customers such that they will be loyal to you. Darlene should therefore strive for this so that their customers who are planning on more expansion will keep coming back to Darlene's company and spending more and more on them.

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During its first year of operations, Mack's Plumbing Supply Co. had sales of $3,250,000, wrote off $27,800 of accounts as uncoll
Nataly_w [17]

Answer:

$487,500

Explanation:

The write off does not affect the realizable value of accounts receivable . Neither total assets nor net income is affected by the write off or specific account. Instead both assets and net income are affected in the period when bad debts expense is predicted and then recorded with an adjusting entry.

Accounts Receivable                                                      $ 3250,000

Less Allowance for Doubtful Accounts    $ 3250,000*1% = 32,500

Estimated Realizable Accounts Receivable $ 3217500

But if the amount of the bad debts decreases or increases as is given below then the the income is also increased or decreased by the amount given

Bad debts = $ 32,500

Uncollectibles previously written off= $ 27,800

Difference $ 4700

Net income $ 487,500

Less Difference $ 4700

Reported Income $ 482,800

7 0
3 years ago
Why is real GDP a more accurate measure of an economy's production than nominal GDP? Nominal GDP is adjusted for the effects of
ad-work [718]

Answer:

Real GDP is not influenced by price changes, but nominal GDP is.

Explanation:

Real gross domestic product (Real GDP) is a measure of gross domestic product "in volume", that is, measured at constant prices. Changes in GDP linked to price variations (inflation or fall in prices) are thus neutralized, which allows a measure of economic growth.  

Real GDP is only used in practice to measure GDP growth from year to year, with nominal GDP remaining the benchmark measure for long-term data.

4 0
3 years ago
Select the correct answer.
valkas [14]

Answer: The answer would be C. Collective bargaining

4 0
3 years ago
MC Qu. 116 CWN Company uses a job order costing... CWN Company uses a job order costing system and last period incurred $90,000
ANTONII [103]

Answer:

65%

Explanation:

Calculation to determine its predetermined overhead rate for the next period should be:

Using this formula

OH rate = Estimated overhead next period/direct labor

Let plug in the formula

OH rate = $65,000/$100,000

OH rate = 65%

Therefore If CWN bases applied overhead on direct labor cost, its predetermined overhead rate for the next period should be: 65%

4 0
3 years ago
On January 1, 2021, Bangle Company purchased 30% of the voting common stock of Sleat Corp. for $1,100,000. Any excess of cost ov
skad [1K]

Answer:

$1,058,000

Explanation:

Calculation to determine the balance in the investment account on December 31, 2021

Using this formula

December 31, 2021 Balance in the investment account=Voting common stock-Net loss-Dividends

Let plug in the formula

December 31, 2021 Balance in the investment account=$1,100,000 -(30%*$112,000)-(30%*$28,000)

December 31, 2021 Balance in the investment account=$1,100,000 - $33,600 - $8,400

December 31, 2021 Balance in the investment account=$1,058,000

Therefore the balance in the investment account on December 31, 2021 is $1,058,000

5 0
3 years ago
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