Answer:
a. It is a collection of all accounts with their activity and balances that exist in a business. - A general ledger
The General Ledger is the central record in an accounting system and contains a record of all financial transactions in the company.
b. It is a book of original entry that includes a chronological record of all transactions that Have occurred within a business during a period occurred. - A Journal
When a transaction takes place in a business, it is recorded first in a Journal. As such, a journal contains a chronological record of all transactions that have occurred within a business during a period occurred.
c. It is a list of each account and its balance at any given time and is used to verify that debits = credits
. - Trial Balance
The Trial Balance helps a business balance its debits and credits by listing them so then equating them to verify that indeed the debits match the credits.
d. It is a list of all ledger accounts which exist in a business and includes an identification number assigned to each account
. - A chart of accounts
Explanation:
All for-profit companies have a marketing strategy.
P&G is a business to consumer (B2C) company, so no matter how much you sell your products to large retailers, the end user will always be an individual whose needs may change and the company must be mindful that their products comply with user requirements.
P&G can establish marketing actions through retailers for which it sells, with in-store display advertising models. You can also use customer interaction to get fundamental feedback so that the company guides its pricing strategy and new product development.
So even with established market products, relationship marketing is a key strategy for large corporations that want to build customer loyalty and achieve market leadership.
Answer:
Gap management is a strategy which every business follows. A business can be successful only if it sets goals for its future.
Explanation:
Gap management is the difference between where an organization stands today and where it wants to be in future. A company's management will set its own targets and then sets position of the company. There are limitation of gap management as there can be targets which are sometimes unachievable or there are some external forces which hinders the business progress.
Answer:
$386,080
Explanation:
In order to find the Coverage of sally's investment in life insurance for 10year can be done by making 10-year table
Year Cashflow Discount factorI5%) Present Value
$ $ $
1 50,000 0.9524 47,620
2 50,000 0.9070 45,350
3 50,000 0.8638 43,190
4 50,000 0.8337 41,135
5 50,000 0.7835 39,175
6 50,000 0.7462 37,310
7 50,000 0.7107 35,535
8 50,000 0.6768 33,840
9 50,000 0.6446 32,230
10 50,000 0.6139 30,695
NPV = Sum of all present values
NPV = $386,080
Answer:
A) The cost leadership strategy
Explanation:
Cost leadership is providing the service or supply of product without compromising the quality of service or product supplied.
In the given instance also, Maymart supplies goods without any decrease in quality standards that is goods are completely acceptable by customers, and that the goods are supplied at least price in the industry, this provides a competitive advantage to the company, by cost leadership.
As cost is least for consumer for same quality as demanded.
