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Over [174]
3 years ago
9

Which of the following is true about online direct marketing?

Business
1 answer:
bogdanovich [222]3 years ago
4 0

Answer:

e) Online direct marketing allows sellers to create immediate, timely, and personal offers.

Explanation:

The use of the internet has facilitated the increase in marketing. It is very easy to reach to the customers and approach them in a very affordable way. The target audience can be reached quickly through online direct marketing. Also, there are several ways by which the customers can be reached in limited time duration.  

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On January 1, 2018, the general ledger of Dynamite Fireworks includes the following account balances: Accounts Debit Credit Cash
Elena-2011 [213]

Answer:

8. Adjusting for Rent    

Rent Expense  575  

Prepaid Rent            575

9. Adjusting for suppliers    

Supplies Expense 4,100  

Supplies                           4,100

10. Adjusting for Unearned Revenue    

Unearned Revenue; 3425  

Service Revenue           3425

11. Adjusting for salaries payable    

Salaries Expense     5590  

Salaries Payable           5590

12. Closing Revenue accounts    

Service Revenue   29225  

Income Summary            29225

13. Closing expense accounts  

Income Summary    18665  

Salaries expense       17390

Supplies Expense       700

Rent Expense        575

Explanation:

8. Rent per month is $575. Since the month ended, the advance payment was expired. Therefore, prepaid rent for the first month becomes credit, and rent expense is debit. Prepaid rent is an advance payment paid to the owner for using the store temporarily. Generally, rent has to be paid at the beginning of the month. Therefore, whenever the month ends, the advance payment becomes an expense for a company.

9. Supplies Expense calculations for the month of January:

Beginning supplies      = $3,400

Add: Purchase              <u>= $3,800</u>

Total supplies at hand  = $7,200

Less: Ending supplies   <u>= $3,100</u>

Total Supplies expense= $4,100

10. Unearned and service revenue calculation:

Unearned Revenue for the month of January            = $4,000

Service provided by the company during the month = $3,425

Unearned Revenue at the end of the month               = $   575

Since the company provided services for which they took advance payment, the unearned revenue (a liability account), reduced. Therefore, unearned revenue is reversed to debit.

11. Salaries expense is an expense, therefore, it is a debit. Salaries payable is a liability, therefore, it is a credit entry. Salaries payable arises due to unpaid salaries for the employees. As there are no calculations regarding salaries expense, the amount of $5,590 is the debit for expenses (Salaries), and credit for liabilities (Salaries payable).

12. To close the revenue account, the account must be reversed. Closing entry is generally given for revenue and expense accounts. Therefore, all the revenues must be debit to income summary's credit to close the accounts. Total service revenues:

3. Provided service to the customer = $25,800

10. (ADD): Service provided to the customer who paid in advance = $ 3,425

Total: $(25,800 + 3,425) = 29,225.

13. Since the expense accounts deduct from income, therefore, income summary needs to be debit, and expense accounts need to be a credit to close the account. Therefore, all the expense accounts (Rent, salary, and supplies expenses) must be a credit to close them. Adding all the items, we can get the income summary balance.

6 0
3 years ago
Refrigerant ____ is to reprocess refrigerant to new product specifications as set by Environmental Protection Agency (E.P.A.).
Kobotan [32]

Answer:

Reclaiming

Explanation:

From the question we were told tha refrigerant "Reclaiming" is to reprocess refrigerant to new product specifications as set by Environmental Protection Agency (E.P.A.).

Reclaiming is the process of reforming, or to turn wastes refuse through industrial process or natural process into a useful products or substance.its a means in which usable material is been generated from. by products which is achieved through following the rules set by

Environmental Protection Agency (E.P.A.). for safety of all.

7 0
3 years ago
Why you believe it is important to align it with the organization's core goals and strategic direction?
OverLord2011 [107]

Answer:

Managers must ensure that their individual goals and work - as well as that of their direct reports - is in line with the overarching strategy. Then, you can ensure that your people are driving progress daily. Proper strategic alignment ensures the work of your best talent is being effectively and efficiently utilized

4 0
3 years ago
Yo tell me if this is true.. i walk down the sidewalk and found a grass hooper and ate it...
worty [1.4K]

Answer: bro why would you eat a grasshopper

Explanation:

kinda sus ngl

6 0
3 years ago
Read 2 more answers
Big Trail Running Company has started to produce running apparel in addition to the trail running shoes that they have manufactu
Andrew [12]

Answer:

Option (C) is correct.

Explanation:

For Machining department,

Manufacturing overhead rate:

= Estimated Overhead cost ÷ Amount of allocation base

= [$1,000,000 ÷ (130,000 + 70,000) machine hours]

= $1,000,000 ÷ 200,000 machine hours

= $5.00 per machine hour

For Finishing department,

Manufacturing overhead rate:

= Estimated Overhead cost ÷ Amount of allocation base

= [$100,000 ÷ (9,000 + 71,000) direct labor hours]

= $100,000 ÷ 80,000 direct labor hours

= $1.25 per labor hour

8 0
3 years ago
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