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Alex787 [66]
3 years ago
5

In one of the case studies in the textbook, Cy Chesterly was the vice president in charge of sales for one of the largest machin

e parts manufacturers in the Midwest. He was an excellent salesman and helped build the company into one of the most successful in the industry. While Chesterly was known to go overboard on the entertainment expenses, he really went wild when it came to buying personal items-vacations, furniture, and jewelry to name a few.
How was he caught?
Business
1 answer:
Damm [24]3 years ago
8 0

Answer:

A new president was hired and he found Chesterly out while reviewing the accounting records.

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You are the owner of a smoothie shop in California. Afterhearing a podcast about customer relationship management (CRM), youdeci
Svetach [21]

Answer:

Average Customer Retention rate = 80%  

Average Value of Sales per year per customer = $120  

Average customer acquisition cost = Customer acquisition oriented market expenses per month/  

number of new customers acquired per month  

=\frac{1000}{25} = 40  

Average customer retention cost = $75  

CLV =[1/(1- Average customer retention rate)] x (average value of sales per year per customer)-(average customer acquisition cost + average customer retention cost)  

= [1/(1-0.8)] x 120-(40+75)

=$485  

A) Average customer retention rate =90%  

B) Average value of sales per year per customer = $125  

C) Average customer acquisition cost =$60  

D) Average customer retention cost =$100  

CLV = [1/(1- Average customer retention rate)] x (average value of sales per year per customer)-(average customer acquisition cost + average customer retention cost)  

= [1/(1-0.9)] x 125 - (60+100)

E) Customer Lifetime Value = 1090

Explanation:

Here are the spreadsheets.

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3 years ago
According to the eNotes, when a potential customer sees the line, but never joins the line because they think it looks too long
Natali5045456 [20]

Answer:

Balking

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4 years ago
Ann is trying to decide which one of two job offers she will accept. Several items are presented below:
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Answer:

c. (1) (3), (5

Explanation:

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Now talking about how the company will utilize variance analysis, the company will utilize variance analysis in the aspect of fixed over head spending. In the sense that it will be used to measure manpower productivity against overhead spending. This will help us to proper affirm if the rate of manpower productivity equal fixed overhead spending. In the case where fixed overhead spending is more than man hour productivity ratio, then the company will be running at a loss. This is basically a way of measuring productivity performance of man power and also assets.

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As winner of a breakfast cereal competition, you can choose one of the following prizes: a. $100,000 now.
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<em>c </em><em> </em><em>i </em><em>don't </em><em>need </em><em>to </em><em>explain </em><em>I'd </em><em>take </em><em>c</em>

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