The account, Stock Investments, is:_______

In an effort to increase customer loyalty, management at Phat International has worked to create a personaldialogue with their c

IRISSAK [1]

Answer: Relationship Marketing

Explanation:

Relationship marketing is a form of marketing where a business tries to create a lasting bond with their customers, done by constant communication with their customers to get feedback of their products/ services.

Phat International is making use of dialogue with their customers to create more loyal customers which is a form of relationship marketing.

3 0

3 years ago

An increase in consumer income increases the demand for automobiles. As a result of the adjustment to a new equilibrium, there i

Bumek [7]

Answer:

B. upward movement along the supply curve.

Explanation:

An increase in the income of a consumer income would have a significant impact on the quantity of goods demanded by him or her such as increasing the demand for automobiles. As a result of the adjustment to a new equilibrium, there is an upward movement along the supply curve

7 0

3 years ago

A company's net sales were $676,600, its cost of goods sold was $236,810 and its net income was $33,750. Its gross margin ratio

algol13

Answer:

13.01%

Explanation:

Gross Margin Ratio = $\frac{Net Sales - Cost of Goods Sold}{Net Income}$

Gross Margin Ratio = $\frac{676,000 - 236,810}{33,750}$

Gross Margin Ratio = $\frac{439,190}{33,750}$

Gross Margin Ratio = 13.01%

Gross Profit Margin is represented as (Percentage) %. Now, the Gross profit margin is really worth investigating. It not only helps when comparing Gross Profit Margin with competitors but is also helpful in investigating and comparing previous year's Gross Profit Margin. If the Gross Profit Margin fallen there could be number of reasons for this, one might be the cost of goods sold has gone up. On contrary, on the other hand the increase in Gross Profit Margin might be because of increase in selling prices.

7 0

3 years ago

The two basic types of life insurance policies are: a. Universal and Endowment b. Term and Permanent Whole Life c. General and S

Mariana [72]

The two basic types of life insurance policies are B. Term and Permanent Whole Life.

A life insurance policy is a contract that someone gets with an insurance company. The purchaser makes payment to the company and if the person passes away, the insurance company will pay a large lump-sum payment known as a death benefit. Life insurance policies vary based on the purchaser. Whole and Term are two different types of life insurance policies. Whole life insurance coverage covers you your entire life whereas term life insurance only pays if needed during a certain term in life.

7 0

3 years ago

Journalize the following transactions in the accounts of Canyon River Medical Co., a medical equipment company that uses the dir

Luba_88 [7]

Answer:

Jan. 19

Dr Accounts receivable $ 6,400

Cr Sales $ 6,400

Dr Cost of Goods $ 3,000

Cr Inventories $ 3,000

June 2

Dr Cash $ 500

Cr Accounts receivable $ 500

Dr Bad Debt Expense $ 5,900

Cr Accounts receivable $ 5,900

Oct. 23

Dr Accounts receivable $ 5,900

Dr Bad Debt Expense $ 5,900

Dr Cash $ 5,900

Cr Accounts receivable $ 5,900

Explanation:

Jan. 19 Sold merchandise on account to Dr. Kyle Norby, $6,400. The cost of goods sold was $3,000.

Dr Accounts receivable $ 6,400

Cr Sales $ 6,400

Dr Cost of Goods $ 3,000

Cr Invetories $ 3,000

June 2 Received $500 from Dr. Kyle Norby and wrote off the remainder owed on the sale of January 19 as uncollectible.

Dr Cash $ 500

Cr Accounts receivable $ 500

Dr Bad Debt Expense $ 5.900

Cr Accounts receivable $ 5.900

In the direct Write-Off method, bad debts are directley cancel at the time it was decided that the credit is bad, the total amount reported as bad debt expenses negatively affect the income statement and the accounts receivable are reduced by the same amount.

Oct. 23 Reinstated the account of Dr. Kyle Norby that had been written off on June 2 and received $5,900 cash in full payment.

Dr Accounts receivable $ 5,900

Dr Bad Debt Expense $ 5,900

Dr Cash $ 5,900

Cr Accounts receivable $ 5,900

8 0

3 years ago

The account, Stock Investments, is:________.