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Luda [366]
3 years ago
15

The Mayo Clinic in Minnesota is known for top-quality medical care. For decades, even presidents and dictators from around the w

orld flew to the Mayo Clinic to utilize its services. The Mayo Clinic used its reputation to create additional medical facilities in Jacksonville, Florida, and elsewhere. This is an example of a firm focusing its efforts on satisfying customer needs that ________.
Business
1 answer:
egoroff_w [7]3 years ago
7 0

Answer:

E) match its core competencies.

Explanation:

The Mayo Clinic's core competency is offering top-quality medical care. It is known around the world for providing great medical services and it has an extremely good reputation among medical personnel and patients as well.

By opening new facilities on different locations, the clinic is using its good reputation to increase the number of customers and also hire great human resources. This is something similar to what the Louvre Museum did on Abu Dhabi, anyone who loves great art will want to visit it just because its the Louvre (the most famous museum in the world).

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Colorado Rocky Cookie Company offers credit terms to its customers. At the end of 2016, accounts receivable totaled $720,000. Th
Yuki888 [10]

Answer:

                             Journal

Date  Account Titles and Explanation             Debit       Credit

         Allowance for uncollectible accounts    $30,500

                  Accounts Receivables                                       $30,500

          (To write off uncollectibles during the year)

                             Journal

Date  Account Titles and Explanation                       Debit       Credit

         Account receivables                                          $3,100

                 Allowance for uncollectible accounts                      $3,100

         (To reinstate receivables written off earlier)

                             Journal

Date  Account Titles and Explanation             Debit       Credit

          Cash                                                         $3,100

               Account receivables                                            $3,100

           (To record the recovery of bad debts)

                             Journal

Date  Account Titles and Explanation             Debit       Credit

          Bad debt expenses                                 $48,000

                Allowance for uncollectible accounts              $48,000

          (To record bad debts expenses)

<u>Workings</u>

Closing allowance = Opening allowance - Receivables written off + Receivables reinstated = $51,000 - $30,500 + $3,100 = $23,600

Expenses Bad debt = Receivables at the end of 2016 * Estimated percentage = $720,000 * 10% = $72,000

Allowance to be created = Estimated bad debts - Balance of Allowance at year end = $72,000 - $23,600 = $48,400

4 0
3 years ago
The fact that a family would spend a lot more time researching the market before buying a new car than it would in the decision
Ymorist [56]

Answer:

<em>E. Perceived benefits versus perceived costs of search</em>

Explanation:

<em>If a family purchase an  inexpensive appliance of the kitchen, for example a coffee maker, the concept could be explained by the </em><em>OPTION(E)</em><em>.</em>

Because perceived benefits is something which is been related to the positivism, in perceived costs of search it is related to the cost of the unit and in this a customer expends on what they think and researched, by performing a certain or a particular action.

7 0
4 years ago
On April 1, Holton Company borrows $100,000 from West Bank by signing a 6-month, 6%, interest-bearing note.
topjm [15]

Answer:

A. Dr Cash $100,000

Cr Notes Payable $100,000

B. Dr Interest expense $1,500

Cr Interest Payable $1,500

Explanation:

a Preparation of the entry on April 1 when the note was issued.

Dr Cash $100,000

Cr Notes Payable $100,000

(To record note issued)

B. Preparation of any adjusting entries necessary on June 30 in order to prepare the semiannual financial statements

Dr Interest expense $1,500

Cr Interest Payable $1,500

($100,000 x .06 x 3/12)

8 0
3 years ago
Dazzle, Inc. produces beads for jewelry making use. The following information summarizes production operations for June. The jou
Olenka [21]

Answer and Explanation:

The journal entry is given below:

Work in process inventory Dr $100,000

   To raw material inventory $100,000

(being the usage of the direct material is recorded)

here the work in process is debited as it increased the assets and credited the raw material inventory as it decreased the assets

8 0
3 years ago
On April 30, 2019, Macy Products purchased machinery for $132,000. The useful life of this machinery is estimated at 5 years, wi
givi [52]

Answer:

$38,720

Explanation:

Depreciation Expense = 2 x SLDP X BVSLDP

where,

SLDP = 100 ÷ number of useful life

          = 100 ÷ 5

          = 20 %

2019

Annual Depreciation Expense = 2 x 20 % x $132,000

                                                    = $52,800

<em>But, depreciation expired for only 8 months from April 30, 2019 to December 31, 2019 during the year, therefore</em>

Depreciation Expense = $52,800 x 8/12 = $35,200

2020

Annual Depreciation Expense = 2 x 20 % x ($132,000 - $35,200)

                                                    = $38,720

Conclusion :

Depreciation expense for the fiscal year ending on December 31, 2020 will be $38,720

5 0
3 years ago
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