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3 years ago

When A customer returns goods to the business

Business

1 answer:

AysviL [449]3 years ago

5 0

Answer:

If there's no options to select it would be a refund which that customer can exchange that item for a different or identical item or they can get store credit or money back

Explanation:

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Southeastern Bank organizes its loan operations based on the market served—consumer, small business, or nonprofit organizations.

bezimeni [28]

Answer:

customer group

Explanation:

Customer departmentalization is where the organization’s activities are ready to respond to and interact with specific customers or customer groups.

This organizational form is used when great emphasis is placed on effectively serving different customer types.

If Southeastern Bank organizes its loan operation based on customers group, this will allow Southeastern Bank to better serve borrowers with different needs by offering customized loan arrangements according to the customers preferences.

Advantages of customer departmentalization

Encourages concentration on customer needs.

Gives customers feeling that they have an understanding supplier (banker).

Develops expertness in the customer area.

Saves customers’ time.

3 0

3 years ago

Cullumber Products plans to produce 10200 units in January. Each unit requires 6 pounds of plastic, which costs $5 per pound. Wh

yKpoI14uk [10]

Answer:

Standard direct material cost= $306,000

Explanation:

Giving the following information:

Cullumber Products plans to produce 10,200 units in January. Each unit requires 6 pounds of plastic, which costs $5 per pound.

First, we need to calculate the standard pounds needed:

Standard pounds of plastic= 10,200*6= 61,200 pounds

Now, the standard cost:

Standard direct material cost= 61,200*5

Standard direct material cost= $306,000

3 0

3 years ago

Mundes Corporation uses the weighted-average method in its process costing system. The beginning work in process inventory in it

Marina86 [1]

Answer:

The cost of units transferred out during the month was:$ 99980

Explanation:

Mundes Corporation

Current Costs Added

Units Transferred Costs $ 90480

Materials =8700 * $ 4.7= $ 40890

Conversion= 8700* $5.70= $ 49590

Costs from Preceding Department (WIP beginning Inventory)= $ 9500

Total Costs= Costs Added + Costs from Preceding Department

= $ 90480+ $ 9500= $ 99980

The Costs of units transferred out is $ 99980

The current costs are added to the preceding costs to get the total costs of the units transferred out.

7 0

3 years ago

Holliman Corp. has current liabilities of $407,000, a quick ratio of 1.90, inventory turnover of 4.50, and a current ratio of 3.

Sati [7]

Answer:

Cost of goods will be $4670325

Explanation:

We have given current liabilities = $407000

A quick ratio = 1.90

Current ratio is 3.40 and inventory turnover = 4.50

We know that current ratio is the ratio of current assets and current liabilities

So $3.4=\frac{current\ assets}{current\ liabilities}$

So current assets = $1383800

Now quick ratio is equal to = $\frac{current\ assets-inventory}{curtrent\ liabilities}$

So $0.85=\frac{1383800-inventory}{407000}\\$

Inventory = $1037850

Inventory turnover is given 4.5

So $4.5=\frac{cost\ of\ goods\ sold}{average\ inventory}$

$4.5=\frac{cost\ of\ goods\ sold}{1037850}$

So cost of goods sold = 4.5×$1037850 = $4670325

5 0

3 years ago

The Sapote Corporation is a manufacturing corporation. The corporation has accumulated earnings of $450,000 and the corporation

Eduardwww [97]

Answer: $40,000

Explanation:

As this is a manufacturing company, they are exempt of Accumulated earnings tax of the amount of $250,000. Anything above that will be subject to an Accumulated Earnings tax rate of 20%.

Accumulated Earnings tax = 20% * (450,000 - 250,000)

Accumulated Earnings tax = 20% * 200,000

Accumulated Earnings tax = $40,000

3 0

3 years ago