Answer: If i am the general manager of the organization i will try to make a survey about customer relation in other competitive organization before i can conclude whether it is wise to cut down cost through removing giving out free gifts to customers like the free pop corn, coffee etc. Customers will choose other organizations where they can get the same quality service and other benefits especially in a perfectly competitive market. Rather i will suggest more profit can be made by slightly increasing the cost of services rendered to customers from which the cost of the freebies can be regained.
Explanation:Customer's satisfaction and profit maximization are the two main objectives of a firm. It is only when an organization is able to maintain good customer relationship with their customers that profit can be maximized regardless of how efficient their other services are.
Answer:
Option (c) is correct.
Explanation:
Variable cost as a percent of sales:
= (Variable expenses ÷ Sales) × 100
= ($3,000,000 ÷ $5,000,000) × 100
= 60%
If Sales = X
then Variable cost is 0.6X (i.e. 60% of Sales)
Sales - Variable cost - fixed expenses = net operating income
X - 0.6X - 1,500,000 = 300,000
0.4X = 300000 + 1500000 = 1800000
X = 1800000 ÷ 0.4
= 4,500,000
Answer:
Campus Stop, Inc.
Partial Income Statement
Sales revenue $323,300
Sales returns ($1,730)
Sales discounts and allowances <u> ($2,270)</u>
Net sales $319,300
Cost of goods sold <u>($172,870)</u>
Gross profit $146,430
Gross profit margin = $146,430 / $319,300 = 45.86%
The behavior of the United States to block China's chip research was to encourage its industries to develop theirs.
<h3>What led to U.S. decision?</h3>
Aftermath of the ban of United states platform in China has led to numerous backlashes from the U.S. authorities as well.
For instance, there have been strict restriction on imported goods from China into the United states.
Hence, the behavior of the United States to block China's chip research was to encourage its industries to develop theirs.
Read more about chip research
<em>brainly.com/question/5154911</em>
#SPJ1
Answer: Independent bank reconciliations.
Explanation:
A bank reconciliation is a process by which the records of a bank account are verified to be correct, by comparing the personal records with the records that appear on the bank statement. This process is usually done independently when a company wants to audit its accounts and reconcile its processes.
Because this is a review of bank accounts (savings, payroll, checking accounts), no physical control is needed to do it, but rather a monetary control.
<em>I hope this information can help you.</em>
