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3 years ago

Which strategies is suggested to help build strong interpersonal business relationships?

Business

1 answer:

Sonja [21]3 years ago

6 0

Answer and Explanation:

Gain trust: Business relationship is sealed with trust. If you are able to make a business partner trust you, you are sure to keep doing business with them. Do not try to take advantage of them and be sure they ate not thinking in that direction.

Show interest in people: keeping up with people and always showing that you actually care, and want to assist in any way you can is a sure way to seal a client for life. Be family.

Work hard: you can not build business relationships if you are not a person that delivers. It doesn't matter if you are a nice person that always cares, if you cannot bring results and be trusted to deliver you cannot have any useful business relationship. This is the most important strategy.

Networking: networking is a popular form of building business relationships. Formal occasions, conferences, informal hangout spots, the gym are all places where you can meet new people and start a business relationship.

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Charleston, Inc. has Accounts Receivable of $170,000 and an Allowance for Doubtful Accounts of $11,000. If it writes-off a custo

Romashka [77]

Answer:

$159,000

Explanation:

The double entry to record the writes off balances which are the bad debts of Customers who will not pay the debt, will include debit to allowance which is decrease in the allowance and credit to accounts receivable which is also a decrease to accounts receivable:

Dr Allowance for doubtful account $1,100

Cr Accounts Receivable $1,100

Similarly the increase in Allowance for Doubtful Accounts of $11,000 will be treated totally opposite of the decrease in Allowance for Doubtful Accounts above:

Dr Accounts Receivable $11,000

Cr Allowance for doubtful account $11,000

Now, the increase in allowance is deducted from opening accounts receivables and vice versa. The treatment is given below:

Opening balance of Accounts receivables $170,000

Accounts Receivable ($1,100)

Allowance for Doubtful Debt ($11,000 - $1,100) <u> $9,900 </u>

Accounts Receivable (Net) $159,000

5 0

3 years ago

Evaluate an open economy from the spending approach in order to get the three sectorial balances, private, external, and public.

velikii [3]

Answer:

GDP for an open economy from the spending approach follows this equation:

GDP = Consumption + Investment + Government Spending + Net Exports (Exports - Imports)

It can also be written as:

GDP = C + I + G + NX (X - N)

The balance of private consumption is simply equal to C, the balance of public spending is G, and the balance of the external sector is net exports or NX.

5 0

3 years ago

A public debt which is owed to foreigners can be burdensome because: a foreign interest rates are persistently higher than domes

yulyashka [42]

<span>A public debt owed to foreigners can be burdensome because B) payment of interest reduces the volume of goods. This can usually be seen illustrated in the form of a nation lending another nation money. The debt is public because the whole nation takes it on. The lending nation then is lacking in terms of use by the lending nation.</span>

4 0

4 years ago

Suppose the firm currently uses the input (L; K) = (8; 10) and produces 10 units of output. In addition, the manager finds that

labwork [276]

Answer:

A. Layoff some workers and acquire more capitals.

Explanation:

See attached file

8 0

4 years ago

Holliday Company's inventory records show the following data:

Cerrena [4.2K]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Inventory:

January 1: 5,000 units $9.00

Purchases:

June 18: 4,500 units $8.00

November 8: 3,000 units $7.00

A physical inventory on December 31 shows 2,000 units on hand. Holliday sells the units for $12 each. The company has an effective tax rate of 20%. Holliday uses the periodic inventory method.

Units sold= 10,500

FIFO:

COGS= 5,000*9 + 4,500*8 + 1,000*7= 88,000

Sales= 12*10,500= 126,000

COGS= (88,000)

Gross profit= 38,000

Tax= 38,000*0.2= (7,600)

Net operating income= 30,400

LIFO:

COGS= 3,000*7 + 4,500*8 + 3,000*9= 84,000

Sales= 12*10,500= 126,000

COGS= (84,000)

Gross profit= 42,000

Tax= 42,000*0.2= (8,400)

Net operating income= 33,600

Tax difference= LIFO - FIFO= 8400 - 7600= $800

6 0

3 years ago