The customer is always right, right?.......Errrrm, well maybe the customer is not always right?! You tell me! This happened in Sept 2022 in Vancouver. Read the article below. Reflect in your own words: Is the customer always right, in your opinion? Explain your perspective. Consider... Did Taco Bell respond appropriately? Should they have supported their employee? Is there a potential cultural divide or misunderstanding in the way this employee responded to the customer that may have contributed to the incident? How would you have handled the situatior were the manager? What if you were the customer? What if you were a bystander watching the events unfold? Does the sway of public opinion impact expectations that pertain to guest service management? The article is extremely brief. Are there possible gaps in the story that might influence your decision? Use an APA formatted reference for extra points.
Answers
The customer is not always right. In my perspective, the customer is not always right, as customers can sometimes be rude and unreasonable. While providing good customer service is important, it is also important to support employees who are doing their job correctly.
Taco Bell should have supported their employee instead of firing her. The employee was simply following the company's policy regarding mask-wearing in the restaurant, which the customer did not agree with. There could be a cultural divide or misunderstanding in the way the employee responded to the customer, but without more information about the situation, it is difficult to say for sure. As a manager, I would have followed the company policy and supported my employee. If I were the customer, I would have respected the company policy and worn a mask as required. As a bystander, I would have stayed out of the situation unless it became necessary to intervene. Public opinion can have an impact on expectations that pertain to guest service management. If a company receives negative feedback, it may be more likely to make changes to improve customer service or adjust its policies to better meet customer needs. There could be possible gaps in the story that might influence my decision. Therefore, it is important to have more information about the situation before making a decision. Reference: Editorial Board. (2022, September 28). Fired for upholding mask mandate. The Province. https://theprovince.com/opinion/editorials/editorial-fired-for-upholding-mask-mandate/
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Related Questions
quantitative job analysis methods increase reliability. True/False
Answers
The given statement “Quantitative job analysis methods increase reliability” is true.
What is job analysis?A job analysis is the study of jobs to find out what specific requirements need to be fulfilled by a person to perform a job well. This process is performed in order to identify the most appropriate fit for the job. The human resource department of an organization performs job analysis to create a better job description for recruiting candidates.
The job analysis process will enable human resource managers to identify the required qualification, experience, and personal qualities needed for a particular job.A quantitative job analysis method is used in which statistical methods are used to analyze the data obtained from the research to get accurate results. It is used to compare the different tasks and responsibilities of a job and see the effectiveness of the tasks.
This type of analysis increases reliability and accuracy as it provides data that is measurable, objective, and quantitative. Hence, quantitative job analysis methods increase reliability.
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the following data is available for concord corporation at december 31, 2020: common stock, par $10 (authorized 33000 shares) $264000 treasury stock (at cost $15 per share) $900
Based on the data, how many shares of common stock are outstanding?
a. 33000
b. 29640
c. 26340
d. 26400
Answers
The number of shares of common stock outstanding for Concord Corporation at December 31, 2020 is 29,640.
Concord Corporation has authorized 33,000 shares of common stock. However, it also holds treasury stock, which is stock repurchased by the company. In this case, the treasury stock amounts to $900 at a cost of $15 per share.
To calculate the number of outstanding shares, we need to subtract the treasury stock shares from the authorized shares.
Authorized shares: 33,000
Treasury stock shares: $900 / $15 = 60 share
Outstanding shares = Authorized shares - Treasury stock shares
Outstanding shares = 33,000 - 60
Outstanding shares = 29,940
Therefore, the correct answer is b. 29,640 shares of common stock are outstanding for Concord Corporation at December 31, 2020.
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The correct answer is 32,100 shares.
The options provided do not include the correct answer of 32,100. The closest option is (c) 26,340 shares. However, this option is incorrect based on the calculation above.
Based on the given data, the number of shares of common stock outstanding can be calculated as follows:
Authorized shares: 33,000
Treasury stock shares: 900
To find the number of outstanding shares, we subtract the number of treasury stock shares from the authorized shares:
Outstanding shares = Authorized shares - Treasury stock shares
Outstanding shares = 33,000 - 900
Outstanding shares = 32,100
Therefore, the correct answer is 32,100 shares.
The options provided do not include the correct answer of 32,100. The closest option is (c) 26,340 shares. However, this option is incorrect based on the calculation above.
It's important to note that treasury stock represents shares of a company's own stock that have been repurchased and are held by the company itself. These shares are not considered outstanding and do not have voting rights or participate in dividends. By deducting the treasury stock from the authorized shares, we can determine the number of shares that are actually held by shareholders and considered outstanding.
In this case, the treasury stock consists of 900 shares, which are not included in the count of outstanding shares. Therefore, the correct answer is 32,100 shares, representing the number of shares of common stock that are held by shareholders and actively traded in the market.
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I NEED HELP!!!!!!!!!!!!!!!!!!
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Answer:
I am not home, I'm at church service will return home on Tuesday
what does the ada seal of approval for dentifrices ensure for the consumer? group of answer choices stains will be removed. abrasives are within safe limits. the paste will prevent cavities. it is not harmful if swallowed.
Answers
The ada seal of approval for dentifrices ensure for the consumer that Abrasives are within safe limits.Hence, B option is correct.
An RDA of 250 or less is required for all dentifrices to carry the ADA Seal of Acceptance. Fluoride toothpastes must satisfy the ADA Council on Scientific Affairs' standards for safety and effectiveness in preventing tooth decay in order to receive the Seal.
Fluoride toothpastes must satisfy the ADA Council on Scientific Affairs' standards for safety and effectiveness in preventing tooth decay in order to receive the Seal. The ANSI/ADA specification for toothpaste26, along with additional laboratory studies, such as the amount of available fluoride, fluoride release in one minute, and fluoride absorption in normal and weakened tooth enamel, are taken into consideration by the ADA Council on Scientific Affairs when evaluating the evidence.
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To examine
the weekly payroll of all employees, one would look at the:
Answers
To examine the weekly payroll of all employees, one would look at the: d. payroll register.
What is the payroll register?The payroll register is a book or record that is used to fill in the details of all the employees and their payment logs. A record of this register is often kept in good condition in case of any future discrepancies that will have to be resolved.
A person who wants to examine the weekly payroll of all employees in an organization must be able to look at the payroll register to know what is obtainable. There, he would find the names of the employees, their job roles and payment record.
Options:
a. W-4
b. employee earnings record
c. W-2
d. payroll register.
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Write any five methods of getting information of foreign employment and discuss any one of them.
Answers
Answer:
May it will help you
Explanation:
1) Notice board
2) Book of introduction
3) Institutions work working under the ministry of labour
4) Authority of human resources
5) Manifestos of training institutions
6)Web site
7) Newspapers
8) Public meeting :the manpower company, training institutions and institutions of public counseling are working in the field of foreign employment in nepal.
They come to the direct or indirect contact of people through various programmes of interaction, seminar, and meeting.
9)Radio and television
Foreign employment getting information through Notice board, Book of introduction, Authority of human resources, Web site, and Newspapers.
Who is Foreign employment?
Public meeting: When the manpower company, training institutions, and institutions of public counseling are working in the field of foreign employment in Nepal.
Although, They come to direct or indirect contact with people through various programs of interaction, seminars, and meetings.
Also, Foreign employment getting information through Institutions work working under the ministry of labor, Manifestos of training institutions, Radio, and television
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what is criminal justice
Answers
Answer:
Criminal justice is the delivery of justice to those who have committed crimes.
K-Motors has 68 million shares outstanding with a price of $28 per share. In addition, K-motors has issued bonds with a total current market value of $2149 million. Suppose K's equity cost of capital is 15%, and its debt cost of capital is 11%. If K's corporate tax rate is 38%, what is its after-tax weighted average cost of capital?
Answers
After-tax weighted average cost of capital for K-motors is 13.39%.The weighted average cost of capital (WACC) refers to the rate of return a company expects to pay its investors and debtors. It is calculated as the average of the company's debt and equity cost of capital. In order to calculate the WACC, the market value of the company's debt and equity should be known. K-Motors has a market capitalization of $1904 million, which is calculated as the number of shares outstanding multiplied by the price per share. The market value of the bonds is $2149 million. Using the given debt and equity cost of capital, the tax rate, and the market values of the debt and equity, the after-tax WACC can be calculated. Using these values, the after-tax WACC for K-Motors is 13.39%.
K-Motors has a market capitalization of $1904 million. The market value of the bonds is $2149 million. The equity cost of capital is 15%, while the debt cost of capital is 11%. The corporate tax rate is 38%.To find the after-tax WACC, use the formula: After-tax WACC = wE * (1 – T) * Ke + wD * Kd * (1 – T)Where wE = percentage weight of equity, wD = percentage weight of debt, Ke = cost of equity, Kd = cost of debt, and T = tax rate. Calculate the percentage weight of equity and debt by dividing their respective market values by the total market value, which is $4053 million. Therefore, the weight of equity is 46.98% and the weight of debt is 53.02%.
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Which dot plot shows three TV's in two houses? A dot plot titled How many T V's Are in Your House going from 0 to 4. 0 has 1 dot, 1 has 2 dots, 2 has 3 dots, 3 has 2 dots, and 4 has 1 dot. A dot plot titled How many T V's Are in Your House going from 0 to 4. 0 and 1 dot, 1 has 2 dots, 2 has 2 dots, 3 has 3 dots, and 4 has 1 dot. A dot plot titled How many T V's Are in Your House going from 0 to 4. 0 has 0 dots, 1 has 3 dots, 2 has 2 dots, 3 has 3 dots, and 4 has 1 dot. A dot plot titled How many T V's Are in Your House going from 0 to 4. 0 has 1 dot, 1 has 2 dots, 2 has 4 dots, 3 has 3 dots, and 4 has 1 dot.
Answers
Answer:
The answer is "The first choice".
Explanation:
Please find the graph file of the given question:
In the given question the first choice is correct because in the graph it has 3 dots, which denotes the (tv's) in 2 that is equal to the two houses.
Answer:
The answer is A.)
Explanation:
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A bond that pays interest semiannually has a price of $958.56 and a semiannual coupon payment of $29.50. If the par value is $1,000, what is the current yield
Answers
The current Yield on the price of $958.56 and a semiannual coupon payment of $29.50. If the par value is $1,000 is 6.16%.
What is current Yield?Current Yield is defined as the rate of return that is yielded by a bond on its actual price, without share for the information that it will be pay off at par at maturity date.
The formula of the Current Yield is:
\(\text{Current Yield}= \dfrac{\text{Annual Coupon Payment}}{\text{Price Of Bond}}}\)
According to the given information,
Price = $958.56
Coupon Payment = $29.50
Per Value = $1000
Current Yield = ?
Annual Coupon Payment:
\(\text{Annual Coupon Payment} = \text{Semi-Annual Coupon Payment} \times 2\\\\\text{Annual Coupon Payment} =\$29.50 \times 2\\\\\text{Annual Coupon Payment} = \$59\)
Then apply the given values in the above formula, to get the current Yield:
\(\text{Current Yield}= \dfrac{\text{Annual Coupon Payment}}{\text{Price Of Bond}}\\\\\text{Current Yield}= \frac{59}{958.56}\\\\\text{Current Yield}= 0.06155\\\\\)
Then the current Yield rate is:
\(=\dfrac{0.06155 }{14000}\\\\ =6.16\%\)
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The primary role of the human resource department of an organization is to
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Answer:
Human Resources (HR) is concerned with the issues of managing people in the organisation. two men having a meeting The Human Resources department is responsible for many people related issues in an organisation. Under the HR department’s remit are the following roles: The process of recruiting suitable candidates for the organization Identifying and meeting the training needs of existing staff Ensuring employee welfare and employee relations are positive Ensure the working environment is safe for employees Raising awareness of current workplace legislation
an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
Answers
Indicate what impact the following transactions would have on the accounting equation, Assets = Liabilities + Equity. Transaction impact table Impact 1 Impact 2 Paid monthly note payment to bank Sold inventory on account Bought supplies, to be paid for next month Received cash from sales this month Paid for inventory purchased on account last month
Answers
Answer:
The impact of the transactions on the accounting equation, Assets = Liabilities + Equity, is as follows:
Paid monthly note payment to bank:
Impact 1: Assets (Cash) decreases
Impact 2: Liabilities (Bank Loan) decreases
Sold inventory on account:
Impact 1: Assets (Accounts Receivable) increases
Impact 2: Equity (Revenue) increases
Bought supplies, to be paid for next month:
Impact 1: Assets (Supplies) increases
Impact 2: Liabilities (Accounts Payable) increases
Received cash from sales this month:
Impact 1: Assets (Cash) increases
Impact 2: Equity (Revenue) increases
Paid for inventory purchased on account last month:
Impact 1: Assets (Cash) decreases
Impact 2: Liabilities (Accounts Payable) decreases
It is important to note that for each transaction, one side of the equation must increase and the other side must decrease in order to keep the equation in balance.
Explanation:
On January 1, Cass City approved the following general fund resources for the new fiscal period:
Property Taxes: $4,000,000
Licenses and permits: 300,000
Intergovernmental revenues: 250,000
Transfers in from other funds: 150,000
What amount should Cass record as estimated revenues for the new fiscal year?
Answers
Cass City should record an estimated revenue of $4,700,000 for the new fiscal year. This amount is obtained by adding up all the approved general fund resources for the new fiscal period, which are property taxes, licenses and permits, intergovernmental revenues, and transfers from other funds. The total of these resources is $4,700,000.
It is important for Cass City to accurately record its estimated revenues for the new fiscal year, as it will help in creating an effective budget plan and managing its financial resources efficiently. Additionally, having accurate financial records and estimates is also necessary for complying with accounting and reporting requirements as well as making important financial decisions.
To calculate the estimated revenues for the new fiscal year, you need to add up the amounts of each revenue source. Here's a step-by-step explanation:
1. Property Taxes: $4,000,000
2. Licenses and permits: $300,000
3. Intergovernmental revenues: $250,000
4. Transfers in from other funds: $150,000
Now, add up these amounts:
$4,000,000 (Property Taxes) + $300,000 (Licenses and permits) + $250,000 (Intergovernmental revenues) + $150,000 (Transfers in from other funds) = $4,700,000
Cass City should record an estimated revenue of $4,700,000 for the new fiscal year.
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Roger has a sufficient income, has never missed a loan or credit payment, and has an adequate credit history. His credit score makes him a very creditworthy consumer. When obtaining a loan, which rate will he most likely get?.
Answers
Roger will get Prime rate when Roger has a sufficient income, has never missed a loan or credit payment, and has an adequate credit history. His credit score makes him a very creditworthy consumer.
Who Determines the Prime Rate?The prime rate is the interest rate that commercial banks charge their most creditworthy clients. The prime rate, which is the starting point for other interest rates, is derived from the federal funds overnight rate, which is determined by the Federal Reserve (Fed). The majority of banks and other lenders use it as a benchmark for deciding on interest rates for a range of goods, including credit cards and mortgages.
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how can a business meet customer needs
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T-Mobile Employs Enterprise 2.0
AACSB Standards: Teamwork
Wireless telephone service providers are ranked #5 from the bottom in terms of the most hated industries in the U.S. Surveys show there are three major areas for where improvement is needed. First, customers feel call center staff members can be rude and unhelpful. Second, customers are not happy with the speed of store service or center transactions. Third, customers are not satisfied with the range of wireless voice and/or data plans available.
T-Mobile with 51,000 employees, 73 million customers, and over $40 billion in annual revenue is the third largest wireless provider in the U.S. It recognizes that it must take strong action to eliminate customer pain points. Some recent changes include elimination of two-year service contracts, doing away with data buckets, abolishing unpredictable international roaming charges, and including taxes and fees in the rates quoted customers. These are all part of T-Mobile’s "un-carrier strategy" aimed at putting people first and improving the overall customer experience.
Customers’ biggest complaint about their wireless telephone service provider is the poor service they receive when contacting the service center—long wait times on hold, curt and impatient service reps, and ambiguous answers to their questions. T-Mobile is making use of a commercial Enterprise 2.0 collaboration and knowledge management tool to improve the overall customer experience when customers contact the call center. The Enterprise 2.0 solution helps T-Mobile customers and enables the organization to achieve major increases in productivity, employee teamwork, and customer satisfaction. T-Mobile used Enterprise 2.0 software as the basis to build its "T-Community" which serves as the central knowledge source for customer service and support. The new platform has been well received by customers and has also dramatically improved productivity. The effort required to publish content compared to previous means was cut by 70 percent thus saving $8 million over a three-year period. T-Mobile saves an additional $3 million each year in call handling costs by providing call center reps with easy access to current and more complete information. This cuts down the time spent searching for answers and reduces customer call time.
T-Mobile also used Enterprise 2.0 technology to create a company intranet to enable employees to connect, communicate, and work together as a team. This collaboration platform provides a central place for people to collaborate securely and openly across organizations, geographies, systems, and devices. It brings together all the people, information, and tools needed to move the business forward. The intranet provides a single platform for company communications, team collaboration, employee engagement and onboarding, knowledge sharing, enterprise search, and organizational analytics. It enables employees to create business wikis, support social networking, perform blogging, and create social bookmarks to quickly find information. The intranet is accessible via browsers and a mobile intranet app that enables employees to work from anywhere. With the Enterprise 2.0 intranet, getting work done across departments— or time zones—is easier, more efficient, and more transparent. Decisions are made quickly, and projects are finished faster.
Sources: "2017 Annual Report," https://s22.q4cdn.com/194431217/ files/doc_financials/2017/annual/1500109984.pdf, accessed October 18, 2018; "T-Mobile: Jive-n Drives Customer Knowledge for Better Service and Sales, Massive Savings," https://www.jivesoftware.com/ resource-library/customer-success/t-mobile-jive-n-drives-customerknowledge- better-service-sales-massive-savings/#, accessed October 18, 2018; Shelresa Ngo, "This Is the No. 1 Most Hated Industry in America, According to Real Customers," Cheat Sheet, February 8, 2018, https:// www.cheatsheet.com/money-career/most-hated-industries-in-america-according- to-customers.html.
For the "post by" date...
Respond to the following Critical Thinking Questions:
What complaints do you have in dealing with your wireless service provider? How might Enterprise 2.0 help improve this relationship?
Can you identify any innovative ideas to enable T-Mobile to improve the speed and/or quality of in-store service? Briefly outline your thoughts.
Should T-Mobile consider allowing access to its intranet to customers, suppliers, or other parties? What might be the value in doing this? What potential issues does this raise?
Answers
Complaints regarding wireless service providers involve staff members being unhelpful and rude, slow store service, and lack of availability in voice and data plans. Enterprise 2.0 could help improve the relationship between customers and their wireless service provider by improving customer service via the use of a knowledge management tool.
This would improve the productivity, teamwork, and overall satisfaction of both customers and employees by enabling them to easily access the necessary information, cutting down on search times for answers, and reducing customer call time. T-Mobile could use technology to improve the speed and quality of in-store service. One innovative idea is to introduce a mobile application that customers can use to interact with the store while they are in the waiting room. They can use the app to receive updates on their place in line, check out available products and plans, and see how busy the store is. Customers can use the app to ask for assistance with any issues they may be having, which would increase the speed of service. They can also use the app to order online and pick up their purchases in the store. This would be a great opportunity for T-Mobile to improve its customer service by increasing the speed of transactions and making customers' lives easier.
T-Mobile could consider allowing access to its intranet to customers, suppliers, or other parties. By doing this, T-Mobile would be able to better collaborate with its partners, suppliers, and other external stakeholders, which could lead to improved relationships, more effective communication, and better overall business results. However, there are also potential issues that could arise from this. Additionally, this could potentially affect the company's culture, as employees might feel uncomfortable sharing information with external parties.
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William wrote a check for $150.00 for his gas bill, but he only has 96.26 in his checking account. What will happen to the check when it is presented for payment
Answers
Answer:
The person will ask William to check his checking account and then William would have to lower the check amount he had previously wrote.
Explanation:
If you write a check or make a purchase for more than you have in your checking account, your bank may cover the difference. This line of credit offered by the bank is called overdraft protection. ... Furthermore, if your account remains overdrawn, your bank may also charge you daily interest on the loan.
Which type of business organisation is the most suitable for a large electronics
manufacturer?
A. partnership
B. private limited company
C. public limited company
D. sole trader
Answers
Answer:
C. public limited company
Explanation:
A public limited company is a business ownership structure that provides a legal distinction between the business and its owners. The company is a legal person with the right to do business, acquire assets or incur liabilities. Unlike a private limited company, public limited company shares trade with ease at the stock exchange.
Due to their listing in the stock exchange, public limited companies can raise capital with much ease. The corporation only needs to comply with the regulation of the stock market to raise more finances. Public limited compies are suited for large organizations that require huge capital to finance their operations and expansions.
Tammy, a resident of Virginia, is considering purchasing a North Carolina bond that yields 4.6% before tax. She is in the 35% Federal marginal tax bracket and the 5% state marginal tax bracket. She is aware that the State of Virginia bonds of comparable risk are yielding 4.5%. However, the Virginia bonds are exempt from Virginia tax, but the North Carolina bond interest is taxable in Virginia. Which of the two options will provide the greater after-tax return to Tammy? Tammy can deduct any state taxes paid on her Federal income tax return.
Answers
Flounder Corp. issues $330,000 of bonds for $346,500. Prepare the journal entry to record the issue of bonds
Answers
The journal entry would look like this:
Date Account Title Debit Credit
---------------------------------------------
XX/XX/XXXX Cash $346,500
Bonds Payable $330,000
Premium on Bonds Payable $16,500
This journal entry records the issue of bonds by Flounder Corp.
1. Debit Cash for $346,500 - This represents the cash received from the issue of the bonds.
2. Credit Bonds Payable for $330,000 - This represents the face value of the bonds issued.
3. Credit Premium on Bonds Payable for $16,500 - This is the difference between the cash received ($346,500) and the face value of the bonds ($330,000).
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what is a form in computer?
Answers
In a database context, a form is a window or screen that contains numerous fields, or spaces to enter data. Each field holds a field label so that any user who views the form gets an idea of its contents. A form is more user friendly than generating queries to create tables and insert data into fields.
What is information that CANNOT be measured and expressed in numbers? Question 1 options: Personal Information Target Market Data Qualitative data Quantitative data
Answers
Answer:
Qualitative data
Explanation:
Qualitative data is one that is used to characterise and categorise attributed of a population, as such it does not involve the use of numbers.
For example sex, state of origin, citizenship, name, and so on.
On the other hand the other options can be expressed as numbers. That is Personal Information, Target Market Data, and Quantitative data.
Basically qualitative data is descriptive rather than quantitative
1. The formula for continuously compounded interest is A = Pe^rt, where A is the amount of money in the account, P is the initial investment, r is the interest rate, and t is the time in years. Using the formula, determine, to the nearest dollar, the amount in the account after 8 years if $750 is invested at an annual rate of 3%
Answers
Answer:
the amount in the account after 8 years is $954
Explanation:
The computation of the amount in the account after 8 years is shown below"
Given that
The formula for continuously compound interest is
Amount = Principal e^(rate) (time period)
= $750 × e^(0.03)(8)
= $954
Hence, the amount in the account after 8 years is $954
The same is to be considered by applying the above formula
Brief Exercise 3-9 Flounder Corp. has the following transactions during August of the current year Aug. 1 Issues shares of common stock to investors in exchange for $10,110 4 Pays insurance in advance for 3 months, $1,800 16 Receives $750 from clients for services rendered. 27 Pays the secretary $500 salary. Journalize the transactions. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit
Answers
The journal entries for the transactions on August 1, 4, 16, and 27 are as follows: Aug. 1: Issues shares of common stock to investors in exchange for $10,110. - This is a financing activity that increases both cash and common stock.
DateAccount TitlesDebitCreditAug. 1Cash10,110Common Stock10,1104: Pays insurance in advance for 3 months, $1,800. - This is a prepaid expense and will reduce cash. DateAccount TitlesDebitCreditAug. 4Prepaid Insurance1,800Cash1,80016: Receives $750 from clients for services rendered. - This is an operating activity that increases cash. DateAccount TitlesDebitCreditAug. 16Cash750Service Revenue75027: Pays the secretary $500 salary. - This is an operating activity that reduces cash and increases salary expense. DateAccount TitlesDebitCreditAug. 27Salary Expense500Cash500
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Explain in detail two engagments. ASAP
Answers
Answer:
easy a
Explanation:
easy a
Cruise Industries purchased $10,800 of merchandise on February 1, 2017, subject to a trade discount of 10% and with credit terms of 3/15, n/60. It returned $2,500 (gross price before trade or cash discount)on February 4. The invoice was paid on February 13. Instructions
(a) Assuming that Cruise uses the perpetual method for recording merchandise transactions, record the purchase, return, and payment using the gross method.
(b) Assuming that Cruise uses the periodic method for recording merchandise transactions, record the purchase, return, and payment using the gross method.
(c) At what amount would the purchase on February 1 be recorded if the net method were used?
Answers
The journal entry to record the purchase, return, and payment using the gross method is: Debit Inventory $10,800, Credit Accounts Payable $9,720, Credit Trade Discount $1,080.
How to prepare journal entry?Cruise Industries journal entries
Feb 1, 2017
Debit Inventory $10,800
Credit Accounts Payable $9,720
($10,800 - $1,080)
Credit Trade Discount $1,080
(10%× $10,800)
(To record goods purchased on account)
Feb 4, 2017
Debit Accounts Payable $2,250
($2,500 -$250)
Debit Trade Discount $250
(10% × $2,500)
Credit Inventory $2,500
( To record goods return to supplier)
Feb 13, 2017
Debit Accounts Payable $7,470
($9,720 - $2,250)
Credit Cash $7,245.9
($7,470 - $224.1)
Credit Discount $224.1
[($9,720 - $2,250) × 3%]
(To record payment made to the creditor after getting discount)
Therefore the entry is Debit Inventory, Credit Accounts Payable, Credit Trade Discount.
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PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST) PERSONAL & FAMILY FINANCE
Ivywood Country Club recently hired Spencer to find additional resources, make major decisions involving membership, and develop ideas for new swag to be sold in the pro shop. What unique skill did the club MOST likely need when they hired Spencer?
capital capacity
labor talent
entrepreneurial ability
Answers
Answer:
entrepreneurial ability
Explanation:
Entrepreneurial ability is the capacity to understand every aspect of a business. It entails combining a range of technical, management, and personal skills. Entrepreneurial ability incorporates creativity, ambition, determination, teamwork, risk management, and a sense of responsibility.
Spencer must have Entrepreneurial abilities; that's why the club hired him. The club believes that his creativity and determination will be useful in finding additional resources. Spencer can recognize, attract, and retain talent. Entrepreneurial abilities involve taking over a business that already exists and making it better.
Managers can seek out service-minded staff by hiring those job applicants who
a. Appear enthusiastic during the interview process
b. Have the most educational experience
c. Effectively answer open-ended questions about hypothetical service situations
d. Have the most work experience
Answers
To identify service-minded staff, managers should focus on evaluating applicants based on their ability to effectively answer open-ended questions about hypothetical service situations. Option C.
To seek out service-minded staff, managers can consider various factors when hiring job applicants. Among the given options, option C - "Effectively answer open-ended questions about hypothetical service situations" - is the most appropriate choice. Here's why:
a. Appearing enthusiastic during the interview process: While enthusiasm is valuable, it alone does not guarantee that an applicant possesses a service-minded attitude. Enthusiasm can be subjective and might not necessarily reflect a genuine commitment to providing excellent service.
b. Having the most educational experience: Educational experience can be relevant, but it does not directly indicate someone's service-mindedness. Service-mindedness is more closely tied to a person's attitude, values, and interpersonal skills rather than their educational background.
c. Effectively answering open-ended questions about hypothetical service situations: This option is the most suitable for assessing service-mindedness. By presenting hypothetical service situations, managers can evaluate how applicants think, communicate, and approach customer service challenges.
Effective responses can demonstrate empathy, problem-solving skills, and a customer-centric mindset.
d. Having the most work experience: While work experience can provide insights into an applicant's capabilities, it does not guarantee a service-minded attitude. Some individuals may have extensive work experience but may lack the customer-focused mindset that is crucial for delivering exceptional service. Option C is correct.
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A market maker enters a quote of $31.50 Bid; $32.00 Ask; with a size of "3 x 5" into the NASDAQ System. If a market order to sell is entered into the system for 500 shares, and this dealer's quote is matched, the market maker will be obligated to buy:__________.
Answers
Answer: 300 shares at $31.50
Explanation:
The NASDAQ system simply uses an index, or sometimes stick collection that are being utilized to make a snapshot of the market performance.
A market maker enters a quote of $31.50 Bid; $32.00 Ask; with a size of "3 x 5" into the NASDAQ System. If a market order to sell is entered into the system for 500 shares, and this dealer's quote is matched, the market maker will be obligated to buy 300 shares at $31.50.