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PIT_PIT [208]
2 years ago
13

At Mayflower & Juneberry, a garden supply store, buyers need to keep abreast of the latest landscaping trends and order each

seasonâs merchandise in time for it to be on the shelves when customers want it. If customers visit the store and donât find what they want, they will try one of many local competitors or online retailers. The data show that when customers have a good experience elsewhere, they usually donât come back to Mayflower & Juneberry.
1. Which of the following management actions would most motivate these employees?
A. Set easy goals so that buyers can always feel as though they are meeting them.
B. Share customer satisfaction ratings with the sales clerks who have one-on-one contact with customers but do not share this information with the buyers.
C. Give buyers a goal of ordering each seasonâs merchandise by a particular date; then give them daily feedback about what percentage of the upcoming seasonâs merchandise has been ordered.
D. Share quarterly sales results with buyers after the results have been tabulated so buyers know how successful they were.
Business
1 answer:
emmasim [6.3K]2 years ago
8 0

Give buyers a goal of ordering each season 's merchandise by a particular date, then give them daily feedback about what percentage of the upcoming season 's merchandise has been ordered.

<u>Explanation</u>:

When customers do not find what they are looking for at the store, they usually don't return to the store. They just go to some other store and its highly unlikely that they would further suggest the store to anyone.

Thus, to ensure that the store doesn't lose customers because of this reason, the store should encourage their employees to be aware of the latest development in the field and place orders for the same on a regular, preferably weekly, basis.

This way the likelihood of customers not getting what they require from the store becomes very bleak.

Therefore, Give buyers a goal of ordering each season 's merchandise by a particular date, then give them daily feedback about what percentage of the upcoming season 's merchandise has been ordered.

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Answer:

<em>Incomplete question is "2. What journal entry should Johnson record to recognize bad debt expense for 2021? 3. Assume Johnson made no other adjustment of the allowance for uncollectible accounts during 2021. Determine the amount of accounts receivable written off during 2021 4. If Johnson instead used the direct write-off method, what would bad debt expense be for 2021?"</em>

1. Gross accounts Receivable = Allowance Account balance at beginning / 10%

= $30,000 / 10%

= $300,000

2.     Year   Account Title                              Debit     Credit

       2021  Bad debt expense                   $105,000

                  ($500,000*10% + $55,000)  

                         To Allowance for Doubtful Accounts   $105,000

3.  Accounts receivable written off = Beginning balance of Allowance Account - Ending Balance of Allowance account

= $30,000 - (- $50,000)

= $30,000 + $50,000

= $80,000

4. Bad debt expense for 2021 (direct write off method) = Amount written off = $80,000

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2 years ago
Tomorrow at 9:00am you have a job interview. Because interviews have become routine for you and you know how the interview proce
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A company has a process that results in 12,000 pounds of Product A that can be sold for $8 per pound. An alternative would be to
eimsori [14]

Answer:

The correct answer is management should sell Product A now.

Explanation:

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

Total production = 12,000 pounds

Sell price = $8 per pound

If process further, Cost = $80,000

Selling price = $14 per pound

So, If we sell the product without further process, than

Total sale value = 12,000 × $8 = $96,000

And, if we sell the product after further processing, then

Total sale value = (12,000 × $14) - $80,000

= $88,000.

As, sales value is more in selling the product without further process, so management should sell the product without further processing it.

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$32,647

Explanation:

P=R(1-(1+i)^-n)/i

Where P=$140,000

R=?

i=14%

n=7 years

by putting above values in formula, we get

140,000=R (1-(1+.14)^-7)/.14

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Many apartment-complex owners are installing water meters for each apartment and billing the occupants according to the amount o
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<h2>The law of diminishing marginal utility and law of demand explain the decline in water usage by the residents or occupants,in this case.</h2>

Explanation:

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  • Now,observe that according to law of diminishing marginal utility,the additional or incremental consumer utility or satisfaction declines for per unit consumption,which essentially implies that the additional or marginal value of any normal product or service that the consumer is willing to pay decreases as he or she increases the consumption level.
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  • In this case,as the residents use more units of water,the marginal utility or satisfaction obtained by the residents declines increasingly and so does the value they are willing to pay for more water usage.Now,installation of water meters compels the residents to pay for every unit of water they use and since the marginal utility of water drops with each unit of water usage,the price that the residents are willing to pay also drop for each additional unit of water that they use. In other words,the residents don't want to pay more and thus,they restricted their water usage.Therefore,the water usage also declined following the installation of water meter.
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