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BARSIC [14]
3 years ago
6

Ron sells commercial-grade tools to building contractors. Whenever he visits his customers, he looks to see if they are using hi

s tools for other tasks or have modified the tools for some other purpose. These customers are __________, who can provide ideas for new and improved products.
Business
1 answer:
liberstina [14]3 years ago
5 0

Answer:

A. Lead Users

Explanation:

Lead users that that deals with problems in front of them very intensively even in a certain area. Lead users are individuals, experts or organizations. They design innovation alongside the manufacturers or even sometimes autonomously. Lead users provides idea and innovation for new and improved products. The type of customers Ron seeks that can modify his products are Lead users. They are said to have needs that other market participants like the early adopters would have later. They are used by companies to develop breakthrough products.

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A company has the following transactions during the month of February. February 2 Pay $610 for radio advertising for February. F
timama [110]

Answer:

Please see the required journals below.

Explanation:

February 2 Pay $610 for radio advertising for February.

Debit Advertising Expense $610

Credit Cash $610

February 7 Purchase beauty supplies of $1,210 on the account.

Debit Supplies $1,210

Credit Accounts Payable $1,210

February 14 Provide beauty services of $2,450 to customers and receive cash.

Debit Cash $2,450

Credit Service Revenue $2,450

February 15 Pay employee salaries for the current month of $810.

Debit Salaries Expense $810

Credit Cash $810

February 25 Provide beauty services of $910 to customers on account.

Debit Accounts receivable $910

Credit Service Revenue $910

February 28 Pay utility bill for the current month of $210.

Debit Utilities Expense $210

Credit Cash $210

3 0
3 years ago
Read 2 more answers
in comparing the canceled checks on the bank statement with the entries in the accounting records, obrien company found that che
slava [35]

In the preparation of a bank reconciliation statement, the Obrien Company should make a deduction of $270 from the cash balance.

<h3>What is bank reconciliation?</h3>

The rectification of errors in the bank accounts and entries is done via bank reconciliation. In the above case, bank reconciliation is required for rectification of entry errors in the following way,

  • There is no need for rectification in bank balance, as the deduction in the bank balance is error-free;
  • Cash balance showed an erroneous entry of $9585, instead of $9855;
  • The difference between the correct entry and erroneous entry of $(9855-9585)=$270 shall be made in the cash balance of the books.

Hence, the significance of bank reconciliation to be done by the O'brien Company is given as above.

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7 0
2 years ago
National security demands have made it imperative for the US to close the toilet paper trade gap (just think what would happen i
Yuliya22 [10]

Answer:

National security demands have made it imperative for the US to close the toilet paper trade gap (just think what would happen in times of war if we couldn’t produce our own!). The government has decided to reduce our imports from 100 million units to 90 million units. As the supreme TP czar, which of the following policies should be chosen? Show and explain why. a. A production subsidy b. A consumption tax c. An import tariff.

7 0
4 years ago
When technological know-how constitutes a firm’s core competence, which entry mode is the optimal choice?
charle [14.2K]

If a high-tech company unit up operations in another country, licensing and joint mission preparations need to be considered.

The finest preference of access mode relies upon the company's method.

When technology constitutes a firm's center competence, utterly-owned subsidiaries are favored, for the reason that they have high-quality control technology.

When control constitutes a company's core competence, foreign franchises controlled by way of joint ventures seem to be superior.

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5 0
2 years ago
Lifeworks is a nongovernment not-for-profit organization that recently received a large gift from a donor in the amount of $3,00
blagie [28]

Answer:

Explanation:

The net assets would increase. This is because the $100,000 earnings from investments are additional cash inflows hence an increase in current assets. For the $3,000,000 if invested, it will be considered an asset. It is a cash donation invested to generate earnings for the non-profit organization. Thus, these two instances add onto the net asset value of Lifeworks.

7 0
3 years ago
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