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Aleks04 [339]
3 years ago
15

Frank asks you to find out how customers choose which book to buy. You suggest that you could examine how customers are affected

by the email recommendations that the social media sends out. Frank says that he thinks you should also include personal recommendations from Alexandria staff, where the book is placed in the store, what the cover looks like, if the customer has read books by the same or similar authors, if the book is hardback or paperback, and what the atmosphere inside the store is at the time (e.g., quiet, loud, an event going on, etc.) If you follow his recommendations, what problem will you most likely face?
Business
1 answer:
lilavasa [31]3 years ago
7 0

Answer:

The answer is: too much data

Explanation:

If you follow Frank's recommendations, you would be examining seven factors (social media effects, personal recommendations, the book's place, the cover, customers' habits, type of cover and store's atmosphere). Some of them might even be opposing to the others, e.g. customer never read a book by that author, but likes the cover design, but only buys books with paperback covers, is in love with the store's clerk, likes romance but only reads action novels.

This is simply too much information. If you want to increase sales, it is better to focus on specific variables, or even a couple at most.

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At the beginning of Year 2, the Redd Company had the following balances in its accounts:
bixtya [17]

Answer:

Redd Company

Journal Entries:

1. Debit Inventory $13,100

Credit Accounts payable (Ross Company) $13,100

To record the purchase of inventory on account, terms 2/10, n/30.

2. Debit Freight-in Expense $990

Credit Cash $990

To record the payment for freight.

3. Debit Accounts payable (Ross Company) $900

Credit Inventory $900

To record the return of goods to supplier.

4. Debit Accounts payable (Ross Company) $12,200

Credit Cash $11,956

Credit Cash Discounts $244

To record the payment on account.

5. Debit Accounts receivable $21,500

Credit Sales Revenue $21,500

To record the sale of goods on account, terms 2/10, n/45

Debit Cost of goods sold $12,500

Credit Inventory $12,500

To record the cost of goods sold.

6. Debit Sales Returns $3,000

Credit Cash $3,000

To record the payment of cash for returned goods.

Debit Inventory $2,150

Credit Cost of goods sold $2,150

To record the cost of goods returned.

7. Debit Freight-out Expense $880

Credit Cash $880

To record the payment of freight.

8. Debit Cash $18,130

Debit Cash Discounts $370

Credit Accounts Receivable $18,500

To record the receipt of cash on account.

9. Debit Cash $7,300

Credit Land $7,300

To record the sale of land for cash.

10. Debit Interest Receivable $650

Credit Interest Revenue $650

To accrue interest income.

11. Debit Cost of goods sold $5,750

Credit Inventory $5,750

To record the cost of inventory write down.

Explanation:

a) Data and Analysis:

1. Inventory $13,100 Accounts payable (Ross Company) $13,100, terms 2/10, n/30.

2. Freight-in Expense $990 Cash $990

3. Accounts payable (Ross Company) $900 Inventory $900

4. Accounts payable (Ross Company) $12,200 Cash $11,956 Cash Discounts $244

5. Accounts receivable $21,500 Sales Revenue $21,500, terms 2/10, n/45

  Cost of goods sold $12,500 Inventory $12,500

6. Sales Returns $3,000 Cash $3,000

  Inventory $2,150 Cost of goods sold $2,150

7. Freight-out Expense $880 Cash $880

8. Cash $18,130 Cash Discounts $370 Accounts Receivable $18,500

9. Cash $7,300 Land $7,300

10. Interest Receivable $650 Interest Revenue $650

11. Cost of goods sold $5,750 Inventory $5,750

Inventory write down:

Beginning     $9,000

Purchase        13,100

Return              (900)

Sold             (12,500)

Return            2,150

Net             $10,850

Ending            5,100

Write down $5,750

3 0
3 years ago
In a telephone operating company, negotiating and maintaining ongoing relations with regulatory bodies can be among the most imp
steposvetlana [31]

Answer:

General administration

Explanation:

In a telephone operating company, negotiating and maintaining ongoing relations with regulatory bodies can be among the most important activities for competitive advantage, this type of value chain support activity is known as "General administration".

General administration is a powerful source of competitive advantage which consists of a number of activities, including general management, planning, finance, accounting, legal and government affairs, quality management, and information systems, it typically supports the entire value chain and not individual activities.

7 0
4 years ago
Keith is a trainer for a new computer software company and is responsible for teaching people the skills required to use the var
BaLLatris [955]

Answer:

To demonstrate  the usage of company products and train employees.

Explanation:

The main purpose of the presentations that Keith is providing to the employees of the software company is to impart complete knowledge of the products to the employees. It is of utmost importance that each employee has complete understanding of the products and services provided by the company and know how to use them.

If any employee fails to understand the usage of the product, he will automatically fail to bring progress to the company as a whole.

7 0
3 years ago
Esther and Ebenezer produce hamburgers and hot dogs. Esther can produce six hamburgers per hour or four hot dogs per hour. Ebene
Oksanka [162]

Answer:

The correct answer is Three.

Explanation:

Opportunity cost is defined as what it costs us to decide on a decision and what it costs us to carry it out. In this case Esther produces 6 hamburgers per hour and Ebenezer 3; if it were decided to choose the latter, they would stop producing 3 hamburgers since Esther produces double. This would be the opportunity cost.

3 0
3 years ago
Stuart Weddle's father is 55 years old and wants to set up a cash flow stream that would be forever. He would like to receive $1
kogti [31]

Answer:

B

Explanation:

Perpetuity formula for present for present value to be invested today

Pv = C /R

where c is the amount of continuous cash payment and R is the interest rate

PV = $ 15000 / 0.09 = $ 166666.67 approx $ 166667

5 0
3 years ago
Read 2 more answers
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