Answer: Consumer
Explanation:
Quality has to do with the standard by which a product is being compared with other similar products.
Quality is primarily related to satisfaction viewpoint of consumers. If consumers are not satisfied with a particular product, it will have a negative impact on the sale of the product hence the product quality must be taken into consideration in order to enable consumers to buy such product.
Answer:
By how much are customers paying early or late?
Explanation:
Days sales outstanding (DSO) represents the average number of many days it takes a business to collect its accounts receivables.
DSO = (accounts receivables / total credit sales) x 365 days
DSO = ($60,000 / $325,000) x 365 days = 67.38 days
customers are paying late by 67.38 days - 45 days = 22.38 days
Answer:
Explanation:
The journal entry is shown below:
1. Accounts receivable A/c Dr $160
To Sales discounts forfeited $160
(Being sales discount is recorded)
The computation of the sales discount is shown below:
= (Sales value - payment made) × discount rate
= ($40,000 - $24,000) × 1%
= $160
2. Cash A/c Dr $16,000
To Accounts receivable A/c $16,000
(Being cash is received)
Answer:
The correct answer is d. controlling.
Explanation:
If there is an important section in project management, it is the control section. Once it has been decided to start, with the execution, the project manager must assume the responsibility of each person within the same fulfills the tasks assigned to him and thus, ensure that the project runs according to his planning.
The idea of project control is very simple: it has been elaborated with some objectives, studying the available resources and preparing a plan to achieve the goals. Control is what ensures the follow-up of these plans, preventing any team member from deviating from the marked route. Thanks to the control tasks, the achievement of objectives will be ensured as defined in the planning phase.
When the project has already been planned, it should be put in place. The main requirement to start is that the project is fully defined and approved by the steering committee or the shareholders' meeting and, where appropriate, by the sponsor of the actions to be carried out.
