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ycow [4]
3 years ago
12

Larry Bar opened a frame shop and completed these transactions: Larry started the shop by investing $40,700 cash and equipment v

alued at $18,700. Purchased $140 of office supplies on credit. Paid $1,900 cash for the receptionist's salary. Sold a custom frame service and collected $5,200 cash on the sale. Completed framing services and billed the client $270. What was the balance of the cash account after these transactions were posted
Business
1 answer:
IgorC [24]3 years ago
7 0

Answer:

$44,000

Explanation:

<u>Computation of Cash account balance </u>

Particulars                                        Amount

Initial investment of cash                $40,700

Add: Cash collected from sales     $5,200

Less: Salaries paid                          <u>$1,900</u>

Balance of cash account               <u>$44,000</u>

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Trent and kim divorced on september 1, 2017. as part of the divorce decree, beginning in september, trent was to make payments t
Ymorist [56]
What is an alimony? By the end of the the four months, in all, he owes $14,000 I am pretty sure
5 0
3 years ago
The emphasis on keeping customers for long periods of time is the central focus of ______ value and the reason firms focus on cu
Archy [21]

Answer:

Customer Lifetime Value

Explanation:

Customer Lifetime Value is a measure of how much amount of money a customer spends on your business/products/services over the course of his whole lifetime.

It is a predictor of how well you are doing to retain your existing customers.

Why is it important?

suppose you spend $10 to advertise your product (belt) and a customer buys 5 belts on average every year for 15 years. You get $12 profit for each belt sold.

12*5*15= 900$

Subtract the advertising cost

900-10=890$ This is your customer lifetime value

Now imagine what would have happen if we had to sell these belts to 75 different customers?

The advertising cost to attract 75 customers would have been too much and hence net profit and customer lifetime value would be very less.

75*10=750$

900-750=150$

This is why customer lifetime value is important and businesses focus on retaining their customers for longer periods.

3 0
3 years ago
Cherries on Top, a national ice cream shop, is struggling financially to keep up with the bigger chains. The top executives have
zzz [600]

Answer:

utilitarian approach.

Explanation:

Cherries on Top is a national ice cream shop and is struggling financially to keep up with the bigger chains. The top executives have decided to close all the stores in the Northeast and Texas, as that will give them an additional one million dollars to put into marketing. This executive is practicing the utilitarian approach.

Utilitarianism can be defined as an ethical moral theory that offers anyone a relatively direct method for enhancing choices and making decisions about the right course of action for any particular situation.

Basically, the utilitarian approach analyzes and measure an action in terms of its outcome or consequences; by determining the net benefits and costs to all stakeholders of an organization individually.

The main purpose or focus of the utilitarian approach is to achieve the best possible outcome or results for the overall success of the business while creating the least amount of harm, loss, damage or suffering.

<em>Hence, the executive of Cherries on Top is practicing the utilitarian approach. </em>

8 0
3 years ago
As Accenture explores an end-to-end business flow that has reconciliation between multiple parties, what would we uncover?
bonufazy [111]

Answer:

Transparency

Explanation:

Transparency as regards Businesses can be explained as process involving been honest as well as open and straightforward about activities involving company operations.

It should be noted that Transparency could be uncovered As Accenture explores an end-to-end business flow that has reconciliation between multiple parties.

5 0
3 years ago
Kevin bought 300 shares of Intel stock on January 1, 2019, for $90 per share, with a brokerage fee of $200. Then, Kevin sells al
DiKsa [7]

Answer:

$27,200

Explanation:

The adjusted basis is the value given to an asset (and used by the IRS) when you have to determine any capital gain or loss resulting from its sale. It should generally be the original cost of purchasing that asset.

Kevin's basis = (300 shares x $90 per share) + $200 in sales commission

Kevin's basis = $27,000 + $200 = $27,200

Hope This Helps! :D

4 0
3 years ago
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