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Mandarinka [93]
3 years ago
8

You are a business information expert and have been hired by the independent bookstore, Alexandria, to increase profits and effi

ciency. Alexandria has recently increased the store's social media presence and Frank, the bookstore owner, wants to find ways to use the data that the social media program has generated. He also wants to analyze other types of business information that are available to him.
Alexandria has recently begun using social media, and Frank asks you what can be done with the data that is being generated. What do you suggest?
Business
1 answer:
polet [3.4K]3 years ago
5 0

Answer:

Explanation:

The data that is being gathered from the social media presence that Alexandria has created can be used to analyze the different search results, trends, behaviors, reactions, etc. that different followers are having when dealing with Alexandria's products. Frank can gather and analyze this data to understand what people are feeling about the bookstore as well as what they are hoping to find at Alexandria's bookstore. This can ultimately help Alexandria increase profits and efficiency by tailoring their products and services to meet these customer needs.

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The situation in which a person places greater value on a good as fewer and fewer people possess it is called the
Phantasy [73]

Answer:

The correct answer is: Snob effect.

Explanation:

The Snob effect is a phenomenon that tries to explain why the demand for a good or service increases in the high-income sector while it decreases substantially in the low-income sector. This scenario is created when people need access to rare or exclusive goods or services.

6 0
3 years ago
Cindy Medavoy will invest $7,990 a year for 19 years in a fund that will earn 10% annual interest. Click here to view factor tab
Rudik [331]

Answer:

The correct answer for future value if first payment occur today is $449,645.24 and if first payment occur at the end of year is $408,761.13.

Explanation:

According to the scenario, the given data are as follows:

Payment (pmt) = $7,990

Rate of interest (r) = 10%

Time (n) = 19 years

So, we can calculate the future value by using following formula:

Future Value ( if payment occurs today) :

FV = Pmt  (((1+r)^n   - 1) ÷ r) x (1+r)

By putting the value:

= $7,990 ((( 1+ 0.10)^19   -1) ÷ .10) × ( 1 + 0.10)

= $7,990 ( 51.16) × ( 1.10)

= $449,645.24

Future Value ( if payment occurs at the end of year):

FV = Pmt x ((1+r)^n   -1)) ÷ r)

= $7,990 ((1 + 0.10)^19  -1) ÷ 0.10)

= $7,990 × 51.16

= $408,761.13

4 0
3 years ago
Mar. 17 Received $275 from Shawn McNeely and wrote off the remainder owed of $1,000 as uncollectible.
kogti [31]

Answer: Please see the required journals below:

Mar. 17:

Debit Allowance for doubtful accounts $1,000

Credit Accounts receivable $1,000

July 29:

Debit Cash $1,000

Credit Bad debt recovery (income statement) $1,000

Explanation: On March 17, when $275 was received from Shawn and the remaining balance of $1,000 was written off, the allowance for doubtful accounts has to be debited since the company adopts the allowance method of accounting for uncollectible receivables. Note that the allowance account would have the required buffer to take care of this debit. Similarly, when the recovery was made, cash would be debited then the credit would default to income statement.

3 0
3 years ago
In markets where customers are sensitive to price and where internal efficiencies lead to cost advantages allowing for acceptabl
Nadusha1986 [10]

Answer:

The correct answer is letter "A": Penetration.

Explanation:

Penetration Pricing means that an initially low price for a new product or service attracts customers away from the competitors. The new company hopes that even if prices rise to normal levels, customers will continue to use their products. Penetration Pricing will yield higher returns on sales and push rivals out of the market if implemented long enough.

3 0
3 years ago
A financial institution near you advertises itself as especially oriented towards educators and teachers. What is the category t
sergij07 [2.7K]

Answer:

Credit union.

Explanation:

A credit union can be defined as a non-profit making financial cooperative that is typically controlled by its members (employees, church groups, labour unions etc) and it is saddled with the responsibility of providing financial services like the traditional banks to employees such as teachers, educators, nurses, etc.

Generally, the profit made from the amount of money that is being deposited by the members of a credit union are usually returned to the members as a form of better interest rates. Some examples of credit unions are SchoolsFirst Credit Union, New York University Federal Credit Union, Consumers Credit Union, etc.

In this scenario, a financial institution advertises itself as especially oriented towards educators and teachers. Thus, the category this institution would most likely fall under is a credit union because it's not run like businesses that is after making profit i.e it's a non-profit business established to assist employees with their finances.

6 0
3 years ago
Read 2 more answers
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