answer.
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
Blizzard [7]
1 year ago
15

The Southside Sweetery has a loyal following. When it recently moved from its longtime storefront to a famous resort area, it to

ok a big risk. However, the owners were confident that its unique candies, cookies, and pastries would win customer raves. Fortunately, one of the members of the family business was convinced the sweet shop needed to stay in touch with its customers. Southside collects names and email addresses of its customers and maintains a presence on a few social media sites in order to send messages about promotions and coupons to valued customers. Marketing professionals refer to this strategy as
Business
1 answer:
Mrac [35]1 year ago
7 0

Answer:

c) Customer relationship management.

Explanation:

Customer relationship management is the act of maintaining and curating a good relationship with the client. This branch of management focuses on customer retention rather than customer acquisition. Customer relationship managers make sure that customers stay with the company after they become acquired.

In this example, the sweetery made an effort to maintain the relationship with their loyal customers - sending them coupons via social media.

You might be interested in
Uncollectible Accounts, Using Direct Write-Off Method Illustrate the effects on the accounts and financial statements of the fol
goldfiish [28.3K]

Answer and Explanation:

The effect of the given transaction is shown in the attachment below. Please find the attachment

As we know that

Accounting equation is

Total assets = Total liabilities + total stockholder equity

So,

1. In the first transaction there is an increased in assets by $29,000 and decreased the assets by $29,000 plus the same is to be recorded in the operating section of the cash flow statement

2. In the second transaction, there is decreased in asset for $49,020 also the retained earning is also decreased by same amount plus there is a bad debt expense also

6 0
1 year ago
The balance in a company's Cash account on August 31 was $19,700, before the bank reconciliation was prepared. After examining t
SashulF [63]

Answer:

$17200

Explanation:

A balanced sheet is a statement of financial position that list the assets , liabilities and equities of an organization.

The items that affect the current asset (cash)balance in the balanced  sheet for the month  in the question are Cash book  balance , deposit outstanding and check outstanding.

Cash book balance   -           19700

Deposit outstanding -              1800

Less check outstanding -        (4300)

                                                17200

3 0
1 year ago
When the Toyota Prius first entered the marketplace, dealers kept waiting lists of people wanting one and the factories had to r
slavikrds [6]
<h3>Increased factory product indicates derived demand is True statement. </h3>

Explanation:

The dealers kept waiting lists of people wanting Toyota Prius, so ordering more raw materials required to ramp up production is a clear example of derived demand.

Derived demand is an economic term that describes the demand for a certain good or service arising from a demand for similar, necessary goods or services.  

Derived demand represents the association between the demand of customers for the output of a company and the purchase by the company of the required inputs for the production or assembly of that particular output.

3 0
1 year ago
Callas Corporation paid $380,000 to acquire 40 percent ownership of Thinbill Company on January 1, 20X9. The amount paid was equ
Brilliant_brown [7]

Answer:<em> </em><em>Please refer to Explanation</em>

Explanation:

A.

January 1 20X9

DR Investment in Thinbill Company $380,000

CR Cash $380,000

<em>(To record Investment in Thinbill Company)</em>

DR Investment in Thinbill Company $18,000

CR Income from Thinbill Company $18,000

<em>(To record income from Thinbill company)</em>

DR Investment in Thinbill Company $8,000

CR Unrealised gain on Investment $8,000

<em>(To record share of OCI reported by Thinbill Company)</em>

DR Cash $3,600

CR Dividend $3,600

<em>(To record dividend received from Thinbill Company)</em>

<u>Workings</u>

Income from Thinbill Comapny

Callas owns 40% of Thinbill company and so is entitled to 40% of income which is,

= 40% x 45,000

= $18,000

Dividends

= 9,000 x 40%

= $3,600

Unrealised Gain on Income

= 20,000 x 40%

= $8,000

<em>b. The closing entries are as follows,</em>

DR Income from Thinbill Company $18,000

CR Retained Earnings $18,000

<em>(To recognise income from Thinbill Company)</em>

DR Unrealised Gain on Investment $8,000

CR Accumulated OCI Income from Investee (Thinbill Company) $8,000

<em>(To record accumulated OCI income)</em>

5 0
2 years ago
A small business owner has decided to form a ______________ after deciding that she wants to maximize revenue, minimize taxes, g
allochka39001 [22]

Answer:

Sole proprietorship

Explanation:

If you want to minimize taxes and avoid double or even triple taxation, your options are a sole proprietorship, a partnership (general or limited liability) or a limited liability company. The IRS considers them pass through entities, so they are not taxed directly, you are.

But if you want to exercise total control over your business, the options narrow down to only a sole proprietorship because all the others involve other people being co-owners of the business.  

3 0
1 year ago
Other questions:
  • It is January 2nd. Senior management of Digby meets to determine their investment plan for the year. They decide to fully fund a
    5·2 answers
  • Sunland Company’s December 31, 2020, trial balance includes the following accounts: Inventory $124,900, Buildings $208,800, Accu
    14·1 answer
  • Which accounting principle states that a company should "report expenses in the same period as the revenue they help generate"?
    7·1 answer
  • Bay City Mining, Inc. has a price of $20 a share, outstanding shares of 2.5 million, retained earnings of $1 million dollars, an
    10·1 answer
  • On January 1, Year 1, Boston Group issued $100,000 par value, 5% 5-year bonds when the market rate of interest was 8%. Interest
    8·1 answer
  • Your answer is incorrect. Try again. Blossom Corp. had total variable costs of $219,600, total fixed costs of $126,750, and tota
    7·1 answer
  • Anggarkan nilai bagi 11.4³.<br>A. 1731<br>B. 1500<br>C. 1331<br>D. 1000​
    6·1 answer
  • To raise operating funds, National Distribution Center sold its office building to an insurance company on January 1, 2018, for
    8·1 answer
  • Brand 123 has customers in many countries purchasing its bicycles, but its managers are unsure if the brand is truly a "global b
    10·1 answer
  • 1. Sony has 12 core segments in its business. Is this too many or not enough? Are today’s companies diversified like they used t
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!