1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
CaHeK987 [17]
3 years ago
9

The process that facilitates the placement of orders and identifies, attracts, and builds relationships with external customers

is called the:
Business
1 answer:
Papessa [141]3 years ago
8 0

Answer:

customer relationship process

Explanation:

customer relationship process. a process that identifies, attracts, and builds relationships with external customers, and facilitates the placement of orders by customers, sometimes referred to as customer relationship management.

You might be interested in
If merchandise inventory is being valued at cost and the purchase price is steadily falling, which method of costing will yield
Anvisha [2.4K]

Answer:

The answer is LIFO

Explanation:

LIFO is Last in First out. It means the Inventory that was purchased last goes out first.

In periods LIFO, cost of sales reflects the cost of goods purchased recently and the ending Inventory reflects the older goods.

In periods of falling prices, the costs of ending inventory are high, cost of sales are low and the gross profit are high.

3 0
4 years ago
During 2019, Zigma Company earned service revenue amounting to $800,000, or which $645,000 was collected in cash; the balance wi
timofeeve [1]

Answer:

$800,000

Explanation:

Given that;

Sales revenue = $800,000

Cash collected = $645,000

Remaining amount cash collected in January = $155,000

And the delivery of goods is $11,100

Here, since the service revenue earned is $800,000 and same amount would be reported under the income statement, other items given would be ignored.

It therefore means that the sum of $800,000 should be the 2019 income statement report for service revenue.

8 0
3 years ago
The following information applies to the questions displayed below.
Fynjy0 [20]

Answer:

BUCKEYE  INCORPORATED

General Journal:

No Date          Description  Debit       Credit

1     November 01

Cash                                  $11,000

Common Stock                                 $11,000

To record the issue of common stock for cash.

2.  November 02

Equipment                       $1,500

Long-term Note Payable                   $1,500

To record the purchase of equipment from Spartan Corporation.

3.  November 04

Supplies                         $1,100

Accounts Payable                             $1,100

To record the purchase of supplies on account.

4.  November 10

Accounts Receivable   $7,000

Service Revenue                              $7,000

To record the provision of services to customers on account.

5.  November 15

Accounts Payable        $1,200

Cash Account                                  $1,200

To record the payment to suppliers on account.

6.  November 20

Salaries Expense         $1,000

Cash Account                                  $1,000

To record the payment of salaries for the first half month.

7.  November 22

Cash Account             $9,000

Service Revenue                            $9,000

To record the provision of services to customers for cash.

8.  November 24

Long-term Notes Payable $600

Cash Account                                   $600

To record the payment on note to Spartan Corporation.

9.  November 26

Utilities expense              $1,200

Cash Account                                 $1,200

To record the payment for gas and electricity for November.

10.  November 30

Rent expense                 $3,000

Cash Account                                 $3,000

To record the payment of rent for November.

Explanation:

General Journals:  Buckeye Incorporated can use the general journal to record its business transactions as they occur on a daily basis.  It shows the accounts involved in the transaction and the accounts to be debited and credited as the case may be.

5 0
3 years ago
Explain why the joint events in a contingency table are mutually exclusive. choose the correct answer below.
Darina [25.2K]
<span>In a contingency table, the joint events are mutually exclusive because they consist of unique combinations of individual events that are mutually exclusive. For an individual to be described by one of the joint events, the individual must be described using each of the two attributes measured in the table. Since the possibilities for each of the two attribute are mutually exclusive, there can be only one way for an individual to be labeled with each pair of attributes. Therefore there can only be one joint event in the table that describes the individual.</span>
3 0
3 years ago
On August 1, 2019, Pereira Corporation has sold 1,600 Wiglows to Mendez Company at $450 each. Mendez also purchased a 1-year ser
Pani-rosa [81]

Answer: Please refer to Explanation

Explanation:

1.

August 1,2019

DR Accounts Receivable - Mendez Company $739,200

CR Sales $720,000

CR Unearned Warranty Revenue $19,200

(To record Sales on Account to Mendez Company)

Dec 31, 2019

DR Warranty expense $9,200.00

CR Cash $9,200.00

(To record Warranty Expense incurred)

Dec 31, 2019

DR Unearned warranty revenue $8,000.00

CR Warranty revenue $8,000.00

(To record Warranty Revenue Earned)

Dec 31, 2020

DR Warranty expense $7,000.00

CR Cash $7,000.00

(To record Warranty Expense Incurred)

Dec 31 2020

DR Unearned warranty revenue $11,200.00

CR Warranty revenue $11,200.00

(To record Warranty Revenue Earned)

Workings

Sales

=1,600 wiglows * $450

= $720,000

Unearned Warranty Revenue - this is the amount that Mendez paid for a one year service-type warranty.

= 1,600 * 12

= $19,200

Warranty Revenue for 2019.

The warranty was for a year but only 5 months have passed at year's end since August 1 so the 5 months will be apportioned to enable it to be recorded for 2019, the total Unearned Warranty Revenue received will be apportioned as such,

= 5/12 * 19,200

= $8,000.

So $8,000 will be considered as earned for the year 2019.

Warranty Revenue 2020.

The rest of the Warranty will be recorded and earned in 2020.

= 19,200 - 8,000 (amount for 2019)

= $11,200

b)

The Unearned Warranty Revenue remaining will be reported as a Current liability as the period of a Year has not expired and so it cannot be considered as earned.

Dec 31 2019

Partial Balance Sheet.

Current Liabilities

Unearned warranty revenue $11,200.00

8 0
3 years ago
Read 2 more answers
Other questions:
  • During 2019, half of the treasury stock was resold for $180,000; net income was $510,000; cash dividends declared were $1,320,00
    9·1 answer
  • Charlie is trying hard to lose his "spare tire" before his wedding. He has two months to get ready for the event. He decides to
    13·1 answer
  • Foxx Company incurs $240000 overhead costs each year in its three main departments, setup ($15000), machining ($165000), and pac
    6·1 answer
  • The primary reason for an organization to adopt planning and strategic management is to ________
    9·1 answer
  • If u know the unit price of two different brands of an item
    9·1 answer
  • For advertising strategies to be effective, they must work within the confines of the overall marketing strategy. T/F
    8·1 answer
  • On December 1, Flint Electronics has three DVD players left in stock. All are identical, all are priced to sell at $77. One of t
    8·1 answer
  • QUESTION 3 / 10 What is the first step you should take when you want to open a savings account? A. Review the different savings
    15·1 answer
  • Which kind of enterprise is usually governed by a board of directors?
    10·1 answer
  • Linda owns a cosmetics manufacturing and retail business. She plans to launch a new product, and wants to make a product announc
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!