The activities in a firm that try to identify customer needs and focus the flow of goods or services in the firm in order to meet those needs is called : Marketing
<h3>What is marketing?</h3>
Marketing refers to the process whereby firms promote and sell product or services.
Marketing involves creating awareness to determine if there are sufficient number of people with a significant income to be able to purchase the goods one wishes to sell.
Marketing includes but not limited to :
- Market research
- Product development
- Distribution method
- Advertising
- Sales
Therefore, the activities in a firm that try to identify customer needs and focus the flow of goods or services in the firm in order to meet those needs is called Marketing.
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Answer:
Obligations that are due within one year are: reported as a current liability.
Explanation:
Current liabilities are the obligations that the company has, and that are due (that have to be paid) within one year.
An common example of a current liability are taxes: most taxes have to be paid to the government within one year, therefore, companies include them in the financial statements as current liabilities until they are paid.
Long-term liabilities are on the other hand, those obligations that are due for periods longer than one year. Many bank loans fall under this category.
Answer:
Stock out costs increase
Carrying costs decrease
Explanation:
Just in time (JIT) decreases total inventory and increases the number of deliveries made by the company's vendors.
Since the company is going to hold fewer materials and components, then the risk of an stock out increases, resulting in higher stock out costs.
The total inventory will decrease, therefore, the carrying costs will also decrease.
Answer: 13.87%
Explanation:
Effective interest rate is calculated by the formula:
= (1 + APR / Number of compounding periods)) ^ Number of compounding periods - 1
Number of compounding periods = 365 days in a year
= (1 + 0.1299/365) ³⁶⁵ - 1
= 0.138688
= 13.87%
The return on total assets of River Corps is 0.0789.
<h3>What was its return on total assets?</h3>
The return on total assets is an example of financial ratio. It is the net income divided by total assets. It is an example of a profitability ratio. Profitability ratios measure the efficiency with which a company generates profit from its asset.
Return on total assets = Net income / average total assets
$32,750 / $415,000 = 0.0789
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