Answer:
The statement best describes the role of a credit agency is "It tracks the use of credit for lenders"
A tradeoff is a balance achieved between two desirable but incompatible feature. So the reasonable answer would be B
Answer:
B. Selling
Explanation:
Selling involves all activities both personal and impersonal, aimed at finding buyer for a particular product or service. It is also an act of targeting, informing and persuading buyers to buy a product or service.
One of the main purpose of selling is to make profit. For an individual to make profit through sales, he/she must be aggressive in terms of advertising the products either through local papers or coupons and must also employ other sales strategies in order to get consumers to buy the products.
Other purpose of selling is to address the customer's area of needs by making the products suitable to their needs available and also maintain good customer relationship afterwards.
Explanation:
Data given in the question
Actual cash received = $23,447
But the amount indicated on the cash register is $23,457
So, by considering the above information, the journal entry is as follows
Cash $23,447
Cash short and over $10
To Sales $23,457
(Being the cash receipts and the cash sales is recorded)
Answer: The risk of stock out = 2.94%
Explanation:
Reorder point is calculated as: Lead time*demand per unit time=45*9=405
While the amount on-hand reaches 422 pounds, the manager was reordering lubricant.
During the lead time, Standard Deviation of Demand =Daily S.D*(Lead time)^0.5=3*(9^0.5)=9
Risk of Stock Out=(422-405)/9 S.D=1.89 S.D
From Normal distribution curve 1.89 S.D=0.0294=2.94%
Therefore, the risk of stock out=2.94%
