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Genrish500 [490]
3 years ago
12

Mr. Smith travels for business several weeks a month. He always stays at a Marriott hotel. Mr. Smith is likely

Business
1 answer:
kompoz [17]3 years ago
6 0

Answer:

A loyalty program

Explanation:

Loyalty program is the program in which the reward is given to that customer who are continuously engaged with the brand. It is a marketing strategy to increase the company sales by providing the reward points to the customer so that they could attractive themselves towards brand.

According to the given situation, Mr. Smith travels for several weeks in a month for business purpose. Although he always stays in a Marriott hotel.

So this situation reflects the loyalty program

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On August 2, Jun Co. receives a $8,000, 90-day, 11.0% note from customer Ryan Albany as payment on his $8,000 account receivable
GarryVolchara [31]

Answer:

August 2    Notes Receivable                   8000 Dr

                           Accounts Receivable- Ryan         8000 Cr

October 30  Interest receivable                  220 Dr

                          Interest Revenue                          220 Cr

October 31   Cash                                        8220 Dr

                            Notes Receivable                    8000 Cr

                            Interest Receivable                   220 Cr

Explanation:

When we receive the Note against the Accounts Receivable, we will credit the Accounts Receivable to close the account of Ryan and create a new current asset account of Notes Receivable on August 2.

On October 30, 90 days period of Note is complete so we will record the interest that is receivable for us on this note.

  • Interest Receivable = 8000 * 11% * 90/360  = $220

We record this as Interest Receivable as we have not received this and credit Interest revenue as it is our income.

On 31 October, when we receive cash it will be total of Notes payable and Interest so we will debit cash by 8220 and credit the Notes payable and interest receivable.

8 0
3 years ago
Los planes permanentes son planes en curso que proporcionan___​
Brrunno [24]

please ask questions clearly

8 0
3 years ago
Read 2 more answers
Which term is defined as a loan given to students to help pay for education-related expenses?
andrew11 [14]

C. Student Loan

A scholarship is a discount, work study is a job that helps pay for your tuition, and financial aid is something that helps pay for your tuition. So student loan is really the only one that makes sense.

6 0
3 years ago
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You open a savings account on January 1, 2008 with $1,000. The interest rate stated on this account is 4%, compounded quarterly.
arlik [135]

Answer:

FV= $1,220.19

Explanation:

Giving the following information:

You open a savings account on January 1, 2008 with $1,000. The interest rate stated on this account is 4%, compounded quarterly.

Effective rate= 4/4= 1%

We need to use the following formula:

FV= PV*(1+i)^n

n= 4*5= 20

FV= 1000*(1.01^20)= $1,220.19

3 0
3 years ago
Rabia doesn’t currently have a job but declined a job offer because she feels her job skills Merritt better pay and a better pos
kondaur [170]

she doesnt want a job

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