Digital technologies are transforming the Kenyan retail industry markets by enhancing customer experiences, streamlining operations, and increasing accessibility to products and services. The key terms associated with this transformation include e-commerce, mobile payments, data analytics, and social media marketing.
E-commerce platforms allow Kenyan retailers to expand their reach to a larger customer base. This reduces the dependency on brick-and-mortar stores and enables businesses to cater to a wider audience with diverse preferences. E-commerce also provides the opportunity for small and medium-sized enterprises to compete with larger retailers by offering unique products and services.
Mobile payments, such as M-Pesa, have become popular in Kenya, providing a convenient and secure method for consumers to make purchases. This has led to a shift towards cashless transactions, making it easier for retailers to track sales and manage inventory.
Data analytics plays a crucial role in understanding customer behavior and preferences. Retailers can use data to personalize offers, identify trends, and optimize pricing strategies, which in turn boosts sales and improves customer loyalty.
Social media marketing enables Kenyan retailers to engage with their audience and build brand awareness. By utilizing social media platforms, businesses can showcase their products, gather customer feedback, and offer promotions, ultimately driving traffic to their online or physical stores.
In conclusion, digital technologies have significantly transformed the Kenyan retail industry markets by enabling e-commerce, facilitating mobile payments, providing valuable data analytics, and enhancing customer engagement through social media marketing.
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What will the real value of $100 be in 7 years if you hide the money under your mattress and the inflation rate is 2%
The real value of the money after 7 years, if the money is hidden under the mattress and the inflation rate, is $ 86. 81.
How to find the real value ?If the inflation rate is 2%, the value of money is expected to decrease by 2% per year.
In 7 years therefore, you can use the future value formula to find the real value of the money to be :
= Value today x ( 1 - rate ) ^ number of years
This gives:
= 100 x ( 1 - 2 % ) ⁷
= $ 86. 81
This means that if you hide $100 under your mattress today, in 7 years, its real value will be $86.81 in terms of what it can buy.
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Which is a disadvantage of withdrawing more money than is available in a checking
account?
a) late payment fee
b) overdraft fee
c) interest fee
FIRST ANSWER GETS BRAINLIEST
Answer: Your answer is B. Overdraft fee
Explanation:
B. Overdraft fee
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How much is a standard tip?
•10-15 percent
•15-20 percent
•20-25 percent
•25-30 percent
An innovative business idea that no one has never had
An innovative business idea that no one has never had is Offering virtual assistance to other businesses.
What is innovative business idea ?innovative business idea can be described as an idea in business that cn be developed so that it can be a way to earn a living by providing the services or the goods to the consumer.
It should be noted that this innovation can be the one that no one has ever done or the modification of the one that has been in exisitence, however providing the virtual assistance serves as one of the innovation in business that can ring profit.
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Complete question:
State An innovative business idea that no one has never had
Definition for crime and violence
Answer:
Crime can therefore be defined as a violation of the law and an act of deviance from established rules, or a non-commission of an action that is required by law. Violence, on the other hand, is an act of physical aggression that in most cases results in harm.
In order for a check to be legal tender it must be?
O Authorized
O Certified
Signed
O Processed
Answer:
certified signed
Explanation:
that signature come from police
Answer:
certified signed
Explanation:
The check only have power or in other words legit when only have the certification from the bank or the treasury.
marcos co. is considering a project that will increase residual income by $15,000. the project has a 12% return on investment (roi) which exceeds the company's 10% required rate of return. marcos co. currently has an overall 15% roi in the department where this project would be implemented. which of the following statements regarding this potential investment are true?
The project should be accepted by the company because it increases overall residual income. The department manager may not want to accept the project because it will lower the overall ROI for the department.
Return on investment (ROI) is calculated with the aid of dividing the income earned on funding via the price of that funding. as an instance, funding with an income of $ hundred and a price of $one hundred might have an ROI of 1, or one hundred% while expressed as a percentage. return on investment or go back on fees is a ratio between net earnings and funding. An excessive ROI way the funding's gains evaluate favorably to its fee. As an overall performance measure, ROI is used to assess the performance of an investment or to examine the efficiencies of several specific investments. go back on investment (ROI) A calculation of the economic cost of funding as opposed to its cost. The ROI formula is: (income minus cost) / cost. in case you made $10,000 from a $1,000 attempt, your return on funding (ROI) would be zero. nine, or ninety%.
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state any 5 tpyes of legal requirements that will be required to a business
a firm acquired an assset on 1st Apri, 1990 at a cost of Le 30,000. The useful life of the asset is expected to be 10 years. The estimated scrap value of the asset at the end of the year is Le 2,000. Show the provision for depreciation account for the first 3 years in the life of the asset using the Straight line method
Answer:
First year : Le 2100
Second year : Le 2800
Third year : Le 2800
Explanation:
Given the following :
Cost of equipment = 30,000
Useful years = 10
Salvage or scrap value = 2,000
depreciation account for the first 3 years in the life of the asset using the Straight line method :
Straight line Depreciation :
(Cost - salvage value) / useful years
First year: (April - December 1990)
April - December 1990 = 9 months
(30,000 - 2000) / 10 × 9/12
28000 / 10 × 0.75 = Le 2100
Second year:
(30,000 - 2000) / 10 × 12/12
28000/ 10 = Le 2800
Third year:
(30,000 - 2000) / 10 × 12/12
28000/ 10 = Le 2800
Select the correct answer. Which of these do you need to do when receiving criticism? A. Do not respond to criticism. B. Ignore the criticism. C. Respond to criticism with your own criticism. D. Consider the criticism as a learning experience. E. Ask your best friend what to do.
Answer:
The correct answer is D. Consider the criticism as a learning experience.
Explanation:
Criticism is the opinion valued by a person regarding another, a thing or a situation, in which the characteristics of said person, thing or situation are evaluated, and an opinion is expressed about them, which can be favorable or unfavorable.
When a person receives a criticism without bad intention, that is, a genuine or constructive criticism, the ideal is not to feel attacked by whoever emits it, but on the contrary, to take that opinion as valid, to learn from the mistakes made and improve.
Having a single intermediary, a retailer, in the marketing channel is most common when?.
Having a single intermediary, a retailer, in the marketing channel is most common when the manufacturer is selling low-cost, low-unit value items. Thus the correct option is A.
What is a Retailer?A retailer is referred to as a channel of distributors who sells the product in small quantities just the opposite of a Wholesaler. This Retailer is in direct contact with customers so they receive direct feedback about the product.
When the producer is selling low-priced, low-unit-value goods, having just one intermediary—a retailer—in the marketing channel is most common. All layers of intermediaries are crucial because they greatly increase their users' access to the goods and services that are available.
Therefore, option A is appropriate.
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Brown Cow Dairy uses the aging approach to estimate bad debt expense. The ending balance of each account receivable is aged on the basis of three time periods as follows: (1) not yet due, $15,000; (2) up to 120 days past due, $8,000; and (3) more than 120 days past due, $3,000. Experience has shown that for each age group, the average loss rate on the amount of the receivables at year-end due to uncollectibility is (1) 3 percent, (2) 11 percent, and (3) 20 percent, respectively. At December 31 (end of the current year), the Allowance for Doubtful Accounts balance is $750 (credit) before the end-of-period adjusting entry is made. Data during the current year follow: a. During December, an Account Receivable (Patty's Bake Shop) of $700 from a prior sale was determined to be uncollectible; therefore, it was written off immediately as a bad debt. b. On December 31, the appropriate adjusting entry for the year was recorded. Required: 1. Give the required journal entries for the two items listed above. 2. Show how the amounts related to Accounts Receivable and Bad Debt Expense would be reported on the income statement and balance sheet for the current year.
Answer:
A1. Dr Allowance for doubtful accounts $700
Dr Account receivable $700
2. Dr Bad debt expense $1,180
Cr Allowance for doubtful accounts $1,180
B. Operating Expense
Bad debt expense $1,180
Current Assets
Accounts Receivable $24,070
Explanation:
A. Preparation of the journal entries for the two items
First step is to calculate the Allowance for doubtful account balance
Allowance for doubtful account balance = (15,000*3%+8,000*11%+3,000*20%)
Allowance for doubtful account balance =$450+$880+$600
Allowance for doubtful account balance =$1,930
Now let prepare the journal entries
1. Dr Allowance for doubtful accounts $700
Dr Account receivable $700
2. Dr Bad debt expense ($1,930-$750) $1,180
Cr Allowance for doubtful accounts $1,180
B. Calculation to Show how the amounts related to Accounts Receivable and Bad Debt Expense would be reported on the income statement and balance sheet for the current year
INCOME STATEMENT PRESENTATION
OPERATING EXPENSE
Bad debt expense $1,180
($1,930-$750)
BALANCE SHEET PRESENTATION
CURRENT ASSETS
Account receivable $26,000
($15,000+$8,000+$3,000)
Less: Allowance for doubtful accounts ($1,930)
Accounts Receivable $24,070
Therefore the amounts related to Accounts Receivable and Bad Debt Expense would be reported on the income statement and balance sheet for the current year as :
Operating Expense:
Bad debt expense $1,180
Current Assets:
Accounts Receivable $24,070
56. How do most states finance their capital budget?
a. sales or excise taxes
b. long-term borrowing or sale of bonds
c. income and property taxes
d. personal property or inheritance taxes
8) If scrap is returned to the company's storeroom and inventoried, it should NOT have any value in the accounting records.
a.true
b.false
b. false
Scrap returned to the company's storeroom and inventoried may still have some value in the accounting records. The value of scrap can be recorded as a potential source of revenue or as a reduction in expenses, depending on the accounting treatment chosen by the company.
The company is a dynamic organization operating in a competitive market. With a workforce of dedicated employees, it strives to deliver high-quality products and services to its customers. Innovation and adaptability are key pillars of its success, as it constantly seeks ways to improve and stay ahead of the competition. The company maintains a strong focus on customer satisfaction, aiming to build long-lasting relationships and meet their evolving needs. Through effective management and strategic decision-making, it aims to achieve sustainable growth and maximize shareholder value. With a solid reputation and a commitment to ethical practices, the company aims to be a responsible corporate citizen.
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Target market for a skating rink?
Answer:
Civic organizations, school groups, and church groups are key target markets for McKenzie Roller Rink. Parties with over ten people would be considered a group. It is our intent to create a wholesome family atmosphere and so there will be an effort to encourage families to consider skating as a recreational option.
5. hedging with futures (lo4, cfa2) an american electronics firm imports its completed circuit boards from japan. the company signed a contract today to pay for the boards in japanese yen upon delivery in four months; the price per board in yen was fixed in the contract. should the importer buy or sell japanese yen futures contracts?
The importer can use futures contracts to hedge against the potential currency risk associated with the transaction. Since the payment is due in four months, the importer can sell Japanese yen futures contracts to lock in the current exchange rate and protect against potential appreciation of the yen.
By doing so, the importer can ensure that they will be able to pay for the circuit boards at the agreed upon price without worrying about fluctuations in the exchange rate.
However, if the yen were to depreciate, the importer would not be able to take advantage of the lower exchange rate.
Overall, the decision to hedge with futures depends on the importer's risk tolerance and expectations for future currency movements.
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Creating an emergency fund to pay for unexpected expenses is known as __________________________________.
a
Backdoor Budgeting
b
"Saving for a Rainy Day"
c
Opening a Mutual Fund
d
Placing your money in a CD
Answer:
b
"Saving for a Rainy Day"
Explanation:
"saving for rainy day' is a phrase that means putting some money a side for use in times of need. The phrase encourages people to save money for emergency use. As a rule of thumb, one should have at least three times their normal income as savings.
Give a proper definition of money.
Answer:
Money is an economic unit that functions as a generally recognized medium of exchange for transactional purposes in an economy. Money provides the service of reducing transaction costs, namely the double coincidence of wants. Money originates in the form of a commodity, having a physical property to be adopted by market participants as a medium of exchange. Money can be: market-determined, officially issued legal tender or fiat money, money substitutes, and fiduciary media, and electronic cryptocurrencies.
Explanation:
Which of the following is a performance obligation?
a.
A right of return
b.
A good that is not separately identifiable from other goods or services in the contract
c.
An option for a customer to purchase goods under terms that are more advantageous than those enjoyed by other customers
d.
Quality-assurance warranties on electronic products
e.
Free repair guarantees for the first one month after a house purchase
d. Quality-assurance warranties on electronic products.
The correct answer is d. Quality-assurance warranties on electronic products. A performance obligation refers to a promise in a contract to transfer a distinct good or service to a customer. Quality-assurance warranties on electronic products represent a promise to ensure that the products meet specified quality standards.
It is a separate obligation that provides assurance to the customer regarding the product's quality and functionality. The other options listed do not represent distinct promises to transfer goods or services but rather describe rights, options, or additional guarantees associated with the goods or services.
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The Bedford Falls Bridge Building Company is considering the purchase of a new crane. George Bailey, the new manager, has had some past management experience while he was the chief financial officer of the local savings and loan. The cost of the crane is $17,291. 42, and the expected incremental cash flows are $5,000 at the end of year 1, $8,000 at the end of year 2, and $10,000 at the end of year 3. A. Calculate the net present value if the required rate of return is 9 percent. B. Calculate the internal rate of return. C. Should Mr. Bailey purchase this crane
A. To calculate the net present value (NPV) of the crane investment, we need to discount the expected cash flows at the required rate of return of 9 percent. The formula for NPV is as follows:
NPV = CF1 / (1 + r)^1 + CF2 / (1 + r)^2 + CF3 / (1 + r)^3 - Initial cost
Where CF1, CF2, and CF3 are the cash flows expected at the end of year 1, year 2, and year 3, respectively, and r is the required rate of return.
Using the provided information, we can calculate the NPV as follows:
NPV = $5,000 / (1 + 0.09)^1 + $8,000 / (1 + 0.09)^2 + $10,000 / (1 + 0.09)^3 - $17,291.42
B. The internal rate of return (IRR) is the discount rate that makes the NPV of an investment equal to zero. We can calculate the IRR by finding the discount rate at which the sum of the present values of the cash flows equals the initial cost. This can be done using trial and error or financial software.
C. To determine whether Mr. Bailey should purchase the crane, we evaluate the NPV and compare it to zero. If the NPV is positive, it indicates that the investment is expected to generate a return higher than the required rate of return and is therefore favorable. If the NPV is negative, it indicates that the investment is expected to generate a return lower than the required rate of return and may not be advisable.
Without the actual cash flows for the subsequent years, it is not possible to calculate the precise NPV and IRR or make a definitive recommendation. However, based on the information provided, Mr. Bailey should calculate the NPV and IRR using the formulas and compare the results to determine if the investment in the crane is financially viable.
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Lindsay is in 11th grade and wants to be a physical trainer and work with athletes for her career. She wants to help them learn how to strengthen their muscles and keep their bodies in prime condition so that they will perform at their best. Which of these is a LONG-TERM goal? *
1.Get an 'A' on her anatomy test
2.Get an after-school job to help pay for college
3.Exercise after school to stay in shape for her upcoming varsity basketball season
4.Graduate from college with a degree in sports medicine
which type of firm invests in lean manufacturing programs in order to improve customer service levels for a given inventory investment?
make-to-stock type of firm invests in lean manufacturing programs in order to improve customer service levels for a given inventory investment.
A concept known as "lean manufacturing" aims to increase productivity while eliminating waste in industrial systems. Anything that buyers do not think adds value to and are not prepared to pay for is considered waste. Lean manufacturing has many advantages, some of which include shorter lead times, lower operational expenses, and better product quality.
Organizations from a variety of industries can enable the practice of lean manufacturing, commonly referred to as lean production or lean. Toyota, Intel, John Deere, Nike, and other well-known corporations all employ lean techniques. The strategy is still employed by numerous other businesses and is based on the Toyota Production System. A lean production system might be advantageous for businesses that use enterprise resource planning (ERP).
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Consider the impact of a decrease in the money supply. The shock is most likely to affect theA. LM curve.B. FE line.C. IS curve.D. AS curve.
A decrease in the money supply would increase interest rates, leading to a decrease in output. This would cause the IS curve to shift leftward. Therefore, the correct answer is C. IS curve.
A decrease in the money supply would likely lead to a decrease in spending and investment, which would cause a contraction in the economy. This shock would most likely affect the IS curve, as it represents the relationship between interest rates and output in the short run. A decrease in the money supply would increase interest rates, leading to a decrease in output. This would cause the IS curve to shift leftward. Therefore, the correct answer is C. IS curve.
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Antonio runs an online retail site and wants to set up a sitewide tag to measure online conversions for his future Google Ad campaigns. He's already set up conversion actions and has Google Tag Manager managing tags on his site. Which tag type should he choose to complete this process?
Answer:
The answer is Conversion Linker tag.
Explanation:
Antonio should have set up Google Tag Manager on his website. If the case is, without changing the code on his page, he should choose the Conversion Linker tag additionally to his landing page URLs, which automatically identifies the lead source.
QUESTION 6 of 10: Operations risk management is primarily about: a) Managing various hazards b) Understanding material perishability c) Identifying the proper level of insurance
The correct answer is Option A. Operations risk management is primarily about Managing various hazards.
The answer to the given question is "a) Managing various hazards."
Operations risk management is the process of identifying, assessing, and mitigating operational risks that an organization is exposed to.
Operations risk management aims to reduce risks in all operational areas and increase profitability.
It aids in the identification of vulnerabilities in business processes and the development of strategies to minimize the effects of those vulnerabilities.
Operations risks are inherent to the organization's internal procedures, employees, and systems and may result in financial losses, legal issues, and reputational damage.
Therefore, operations risk management is primarily about managing various hazards to avoid negative outcomes.
Various types of hazards that organizations face are: Human errors: Inaccuracies and oversight by employees, including inappropriate behavior and fraud.
Technology and systems failures: Computer systems and technological infrastructure that are inadequately constructed, tested, or maintained can fail.
Internal and external fraud: Criminal behavior within the firm by employees, contractors, or outsiders.
Legal and regulatory risk: Exposure to penalties, fines, and legal action as a result of failure to comply with regulatory requirements and laws.
Process failures: Operational failures resulting from inadequate or incomplete procedures or from process errors
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Which of the following help to build credit?
Defaulting on a loan
Good rental history
Employment stability
A college degree
Opening a bank account
Answer:
Good rental history and employment stability are two things that help to bulid a good credit score.
5. Microeconomics tends to use theory rather than empirical evidence, to explain differences in
individual markets and industries.
A) True
B)False
At what point does an informal agreement become a binding
contract?
When one party makes an invitation and the other makes an offer
O When an offer is made by one party and the other party rejects the offer and makes a
counteroffer
O When one party makes an offer and the other party accepts that offer
O When consideration is provided by one of the parties to the contract
Answer: When consideration is provided by one of the parties to the contract
Explanation:
Consideration must be given to make a contract legally binding.
If the price of the share grows as the company grows, how does buying shares in a company benefit an investor?.
Answer:
An investor will be able to sell these shares for a higher price and make a profit.
Explanation:
This is because the investor can sell the share for a higher price as people see the company is doing well.
Herb has $20,000 in an interest-bearing time deposit with the Applebottom Bank and Trust Company. While earning a relatively attractive rate of interest, Herb had to agree to not withdraw any of the funds until the end of a three-year period. Herb's investment represents a(n):
Answer: Certificate of deposit
Explanation: Herbs investment with Applebottom Bank and Trust Company represents a certificate of deposit which differs from the usual savings deposit due to the the high interest it pays and the fact that it is time bound. The depositor enters into an agreement with the financial institution issuing the certificate of deposit and a fixed term of deposit is agreed with a better interest than usually attached to other deposit accounts. This restricts the depositor from being able to withdraw any amount from his / her account before the stipulated date.