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3 years ago

Explain the importance of excellent customer service.

1 answer:

7 0

Excellent customer service is very important because if they treat the customers badly then their company’s customers will slowly decrease

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Campus Stop, Inc., is a student co-op. Campus Stop uses a perpetual inventory system. The following transactions (summarized) ha

Mekhanik [1.2K]

Answer:

See explanation section

Explanation:

Requirement A

Cash Debit $253,000

Sales revenue credit $253,000

Note: To record the sales on cash with no terms and conditions

Cost of goods sold debit $141,870

Merchandise inventory credit $141,870

Note: As the company uses a perpetual inventory system, the company records the cost of merchandise inventory journals.

Requirement B

Customer refunds payable debit $1,600

Cash credit $1,600

Note: Campus Stop, Inc. refunded cash to the customer because of unsatisfactory merchandise.

Merchandise inventory debit $650

Estimated returns inventory credit $650

Note: As the company uses a perpetual inventory system, the company records the cost of merchandise inventory returned journals.

Requirement C.

Accounts receivable debit $10,000

Sales revenue credit $10,000

Note: To record the sales on account with no discounting terms but has to receive the payment within 30 days.

Cost of goods sold debit $4,500

Merchandise inventory credit $4,500

Note: As the company uses a perpetual inventory system, the company records the cost of merchandise inventory journals.

Requirement D and E.

D. Cash Debit $5,000

Accounts receivable Credit $5,000

Note: Collected half of the balance owed by the customer in transaction c.

E. Cash debit $3,400

Merchandise inventory debit $1,600

Accounts receivable credit $5,000

Note: Receive the remaining payment from the customer by granting a discount assuming the buyer paid the remaining part earlier than expected.

5 0

3 years ago

Green's preferred policy for addressing climate change is a shift to taxing greenhouse gas emissions. what does he describe as a

masha68 [24]

A benefit of this approach is that emission taxes would shift a part of revenue generation from consumption to production.

4 0

4 years ago

When Bloomingdale's New York store sprayed Donna Karan's new perfume DKNY onto the sidewalks outside the store to introduce the

Sati [7]

Answer:

Consumer Perception.

Explanation:

Consumer perception is part of consumer behaviour associated with how purchase are made by customers. Particularly the sensation process. The spraying of the perfume in this scenario was designed to sensitize potential buyers who may be walking buy or be in the vicinity.

3 0

3 years ago

Read 2 more answers

Evaluating an advertising campaign is the simplest part of the advertising process because the factors that determine the effect

strojnjashka [21]

It is false that evaluating an advertising campaign is the simplest part of the advertising process because the factors that determine the effectiveness of an ad are limited and clear.

Answer: Option B

Explanation:

To make a product famous that has been manufactured by a company, to make it reach to the consumers and to make them know about it, advertising is one of the most important elements. It focuses on the features, quality, prices etc of the product.

While evaluating the campaign of the advertisement, there are a lot many factors that are to be kept in mind by the company so that the consumers can know about the product.

8 0

4 years ago

Vincent’s business has grown; he now employs 14 people. He enjoys teaching new employees the skills they need to make his produc

Luba_88 [7]

Vincent enjoys teaching new employees the skills they need to make his products. The key phrase is “Vincent enjoys” which means he experiences a sense of fulfillment on what he is doing. His reason for being in the business himself is personal satisfaction.

6 0

3 years ago