Uncollectible accounts; allowance method estimating bad debts as percentage of net sales vs. direct write-off method.
Ervin Company uses the allowance method to account for uncollectible accounts receivable. Bad debt expense is established as a percentage of credit sales. For 2021, net credit sales totaled $6,500,000, and the estimated bad debt percentage is 1.50%. No previously written-off accounts receivable were reinstated during 2021. The allowance for uncollectible accounts had a credit balance of $62,000 at the beginning of 2021 and $50,000, after adjusting entries, at the end of 2021. Required: 1. What is bad debt expense for 2021 as a percent of net credit sales? 2. Assume Ervin makes no other adjustment of bad debt expense during 2021. Determine the amount of accounts receivable written off during 2021. 3. If the company uses the direct write-off method, what would bad debt expense be for 2021?
Answers
The Ervin Company uses the allowance method to estimate uncollectible accounts, and bad debt expense is set as 1.50% of net credit sales. In 2021, net credit sales were $6,500,000.
1. To calculate bad debt expense as a percent of net credit sales, we can simply use the given percentage: 1.50%. This means that bad debt expense for 2021 is estimated to be 1.50% of $6,500,000.
2. To determine the amount of accounts receivable written off during 2021, we first need to calculate the bad debt expense. Bad debt expense = 1.50% * $6,500,000 = $97,500. Next, we'll use the beginning and ending balances of the allowance for uncollectible accounts: ($62,000 + $97,500) - $50,000 = $109,500. This means that $109,500 of accounts receivable were written off during 2021.
3. If the company used the direct write-off method instead, bad debt expense would be recorded only when specific accounts are deemed uncollectible. In this case, bad debt expense for 2021 would be equal to the amount of accounts receivable written off during the year, which we calculated as $109,500.
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Related Questions
during the current year, merchandise is sold for $156,600 cash and $426,400 on account. the cost of merchandise sold is $460,600. what is the amount of the gross profit? $fill in the blank 1
Answers
The amount of the gross profit is $122,400.
Gross profit means the value a business creates after subtracting all the costs that are connect to manufacturing and selling its products or services.
To determine the gross profit we should find the amount of total sales using this formula below:
Total sales = Merchandise sold in cash + Merchandise on account
Total sales = $156,600 + $426,400
Total sales = $583,000
After we find the amount of total sales, then we can calculate the gross profit use this formula below:
Gross profit = Total sales - Cost of merchandise sold
Gross profit = $583,000 - $460,600
Gross profit = $122,400
Hence, the amount of the gross profit is $122,400.
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explain socialism, capitalism and mixed economy with their features advantages and disadvantages
Answers
you are in an car crash
The word is CAR.................
WHERE ARE YOU?
WHERE IS THE CAR LOCATED?
WHAT COLOR IS?
WHO IS WITH YOU?
HOW DID YOU ARRIVE AT YOUR DESTINATION?
WHERE WERE YOU TRYING TO GO?
ARE YOU INJURED?
IS ANYONE ELSE INJURED?
HOW ARE YOU FEELING?
IS IT DAYTIME OR NIGHT TIME?
DOES THE CAR BELONG TO YOU?
HAVE THE POLICE BEEN CALLED?
ANY CHILDREN OR PARENTS AROUND?
HOW ARE THEY REACTING?
Answers
Answer:
ayudaaaáaaaaaaaaaaaaaaaaaaaaaaaaaa
My friend from South America remarked to me once that she knows why customer service is so bad in her country. ""It is the high inflation almost bordering on hyperinflation!"" What is her logic in making this statement? (Please pick the BEST answer out of the following options). Cost of capital is very high. Retention rates are so low that no one cares about customer service and so businesses do not offer them. Businesses do not care about retention rates as the NPV of future streams of income from customers are negligible. Margins are so low that businesses need to cut costs to make profits.
Answers
According to your friend from South America, the reason why customer service is so bad in her country is due to the high inflation rate, which is almost bordering on hyperinflation. Her logic behind this statement could be that the high inflation rate creates an unstable economic environment for businesses.
When inflation rates are high, the cost of capital becomes more expensive. This means that businesses have to pay higher interest rates on loans and other forms of capital, making it harder for them to invest in their operations or expand their services. This could lead to a decrease in the quality of customer service as businesses may not have the necessary resources to invest in training or hiring skilled customer service representatives.
In addition, high inflation rates can lead to low retention rates as customers may switch to other providers that offer better prices or services. This could result in businesses not caring about customer service as the NPV (net present value) of future streams of income from customers may be negligible. This means that businesses may focus more on short-term profits rather than long-term customer relationships.
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what happens if a title company wires money and makes a mistake on a transaction and then asks for the money back?
Answers
If these conditions exist, it indicates that the bank made a mistake and they will cancel your transfer.
Why is the importance of transfers in business?There are definite benefits to business transfers in terms of financial security. These include the possibility for tax optimization, and capacity to pay your retirement but maintaining control, the significance of leaving both a personal and professional legacy, and the health and longevity of your company.
whatThe transfer serves what purpose?Employees might be moved to positions where they'll probably be more productive or like their work more. The position, designation, standing, or compensation are unaltered during transfers. This is a method of adjusting the employee to the task, the time, and also the place.
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Before applying for a credit card, Jacob examines his credit report. Which explains why Jacob might examine his credit report?
to determine which company has the best credit card features
to determine if he has a history of good credit
to determine if he needs a credit card
to determine his credit limit
Answers
Answer:
B
Explanation:
I took the quiz
Jacob might examine his credit report to determine if he has a history of good credit. Thus the correct option is B.
What is a credit card?A credit card is supposedly a sort of plastic currency that enables a person to make purchases on credit and then reimburse the money with interest at a later date.
In order to avoid excessive spending, one should keep in mind that if a credit card debt is left unpaid at the end of the credit limit, interest will be imposed on the remaining balance.
Your creditworthiness, payment history, and ability to repay a loan are all factors that mortgage lenders consider when approving a loan. This enables you to manage and improve your credit rating by demonstrating your credit growth.
Therefore, option B is appropriate.
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Most entrepreneurs have similar characteristics, true or false?
Answers
Answer:
true
Explanation:
I entreprent for my mom lol
PLEASE ASAP
Do you think the Internet has made marketing restaurants easier or more complex? Explain
Answers
The internet has both made marketing restaurants easier and more complex.
On one hand, the internet provides restaurants with numerous channels for marketing their products and services. Social media platforms, online review sites, and food blogs provide opportunities for restaurants to promote their menus, showcase their ambiance, and highlight their unique offerings to a wide audience.
This means that restaurants can potentially reach a larger and more diverse customer base than ever before.
On the other hand, the sheer amount of competition on the internet has made it more complex for restaurants to stand out and attract customers. With so many restaurants vying for attention online, it can be difficult to create a unique and compelling brand that differentiates the restaurant from competitors.
Additionally, online reviews can make or break a restaurant's reputation, and managing online feedback can be challenging and time-consuming.
Overall, the internet has made marketing restaurants both easier and more complex. While it provides a wealth of opportunities for exposure and promotion, it also presents challenges in terms of competition and reputation management.
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Loretta scholten bought a home for $210,000 with a down payment of $30,000. her rate of interest is 558or 15 years. calculate the total cost of interest for loretta scholten
Answers
The total cost of interest for Loretta Scholten is $251,063.42.
Interest cost is the amount of hobby a borrower can pay over the life of the debt. bad factors and rebates must be subtracted from hobby fees. interest costs are the handiest aspect in a loan evaluation, different matters to recall consist of opportunity expenses, tax blessings, and final prices, among others.
Home price = $210,000
Down payment = $30,000
Borrowed amount = Home price - Down payment
Borrowed amount = 210,000 - 30,000
Borrowed amount, PV = $180,000
Interest rate = 6%
m = Number of months per year = 12
Monthly rate, r = Interest rate/m
r = 6%/12
r = 0.005
Number of years = 35
Number of monthly payments, n = Number of years * m
n = 35 * 12
n = 420
First, let's calculate the monthly payments (PMT)
180,000 = \(\frac{PMT}{0.005}\) × [ 1 - \(\frac{1}{( 1 + 0.005)^{420} }\)]
= \(\frac{PMT}{0.005}\) × [1 - \(\frac{1}{8.122355149}\)]
PMt = $ 1,026.34147
The total cost of interest = PMT * n - Amount borrowed
= 1,026.3414746324 * 420 -180,000
= 431,063.419345608 - 180,000
= 251,063.419345
= $251,063.42
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The entire price of interest for Loretta Scholten: is $251,063.42
domestic rate = $210,000
Down price = $30,000
Borrowed amount = domestic fee - Down price
Borrowed quantity = 210,000 - 30,000
Borrowed amount, PV = $180,000
interest rate = 6%
m= quantity of months in keeping with 12 months = 12
month-to-month rate, r = hobby charge/m
r = 6%/12
r = 0.1/2
range of 12 months = 35
variety of monthly payments, n = wide variety of years * m
n = 35 * 12
n = 420
First, let's calculate the month-to-month payments (PMT)
PMT PV = * 1- 1 (1 + r) r
PMT = $1,026.3414746324
the overall price of hobby = PMT * n - quantity borrowed
the total fee of hobby = 1,026.3414746324 * 420 -a hundred and eighty,000
the total fee of interest = 431,063.419345608 - one hundred eighty,000
the whole price of hobby = 251,063.419345608
the full price of a hobby = $251,063.forty-two
In finance and economics, interest is payment from a borrower or deposit-taking economic group to a lender or depositor of a quantity above reimbursement of the primary sum, at a particular rate. it's miles awesome from a fee which the borrower may additionally pay the lender or a few 0.33 celebrations.
Interest is described as the amount of money paid for the usage of someone else's cash. An instance of interest is the $20 that became earned this 12 months in your savings account. An example of interest is the $2000 you paid in interest this yr on your home mortgage.
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what is a milk cartel
Answers
Answer:
hope this helps?!
Explanation:
Congress sets minimum prices for milk, but nothing stops - or should stop - individual farmers from bargaining for higher prices. ... Indeed, because of a shortage induced by the federally sponsored slaughter of dairy herds last year, most dairy farmers are now able to charge a substantial premium.
1. What percent of respondents say they would
have NO way to cover a $400 expense?
Answers
Answer:
Bro the answer:
Explanation:
WORLDWIDE : 40%
AMERICA : 27%
if the mean is 32 and the median is 40 what would be value of mode
Answers
Answer:
Step-by-step po:
3 Median = Mode + 2 Mean
Given: Mean = 30 / Mode = 40
Now: 3 Median = Mode + 2 Mean
=> 3 Median = 40 + 2 (30)
=> 3 Median = 40 + 60
=> 3 Median = 100
=> Median = 100/3
=> Median = 33.3
Explanation:
The Davis national drugstore chain prefers to operate one outlet in a town that has four major market segments. The number of potential customers in each segment along with the coordinates are as follows:
Location
Coordinates Number of
Market Segment x y Customers
1 2 18 1,000
2 15 17 600
3 2 2 1,500
4 14 2 2,400
a. Which would be the best location by the center-of-gravity method?
b. If after five years half the customers from Segment 4 are expected to move to Segment 2, where should the drugstore shift, assuming the same criteria are adopted?
2. Peter's Paper Clips uses a sequential three-stage production process: (1) cutting wire to prescribed lengths, (2) inner bending, and (3) outer bending. The cutting process can produce at a rate of 150 pieces per minute; inner bending, 140 pieces per-minute, and outer bending, 110 pieces per minute.
Determine the hourly capacity of each process stage and the number of machines needed to meet an output rate of 20,000 units per hour.
Determine the hourly output rate of the production process. Which stage is a bottleneck?
Answers
a. To determine the best location using the center-of-gravity method, we need to calculate the weighted center coordinates. The weighted center coordinates can be calculated by multiplying the coordinates of each market segment by the number of potential customers in that segment,
summing up these values, and then dividing by the total number of customers. Let's calculate:
Segment 1: (2, 18) * 1,000 = (2, 18,000)
Segment 2: (15, 17) * 600 = (9, 10,200)
Segment 3: (2, 2) * 1,500 = (3, 3,000)
Segment 4: (14, 2) * 2,400 = (33, 4,800)
Now, sum up the values:
Total x-coordinate = 2 + 9 + 3 + 33 = 47
Total y-coordinate = 18,000 + 10,200 + 3,000 + 4,800 = 36,000
Total number of customers = 1,000 + 600 + 1,500 + 2,400 = 5,500
Finally, divide the total coordinates by the total number of customers:
Center-of-gravity coordinates = (47/5,500, 36,000/5,500)
b. If half of the customers from Segment 4 are expected to move to Segment 2, we need to recalculate the weighted center coordinates using the updated number of customers.
Segment 1: (2, 18) * 1,000 = (2, 18,000)
Segment 2: (15, 17) * (600 + 1,200) = (15, 34,200)
Segment 3: (2, 2) * 1,500 = (3, 3,000)
Segment 4: (14, 2) * (2,400 - 1,200) = (14, 2,400)
Now, sum up the values:
Total x-coordinate = 2 + 15 + 3 + 14 = 34
Total y-coordinate = 18,000 + 34,200 + 3,000 + 2,400 = 57,600
Total number of customers = 1,000 + 600 + 1,500 + (2,400 - 1,200) = 4,300
Finally, divide the total coordinates by the total number of customers:
Updated center-of-gravity coordinates = (34/4,300, 57,600/4,300)
2. To determine the hourly capacity and number of machines needed for each process stage, we need to calculate the time required to produce one unit at each stage.
Cutting process: 1 / 150 = 0.0067 minutes per unit
Inner bending: 1 / 140 = 0.0071 minutes per unit
Outer bending: 1 / 110 = 0.0091 minutes per unit
To meet an output rate of 20,000 units per hour, we multiply the time required per unit by the desired output rate:
Cutting process: 0.0067 * 20,000 = 134 minutes per hour
Inner bending: 0.0071 * 20,000 = 142 minutes per hour
Outer bending: 0.0091 * 20,000 = 182 minutes per hour
Since there are 60 minutes in an hour, we can divide the minutes per hour by 60 to get the hourly capacity:
Cutting process: 134 / 60 = 2.23 units per hour
Inner bending: 142 / 60 = 2.37 units per hour
Outer bending: 182 / 60 = 3.03 units per hour
The hourly output rate of the production process is determined by the stage with the lowest capacity. In this case, the cutting process has the lowest capacity of 2.23 units per hour, making it the bottleneck stage.
To determine the number of machines needed for each stage, we divide the desired output rate by the hourly capacity of each stage:
Cutting process: 20,000 / 2.23 = 8,968.61 machines (rounded up to 9 machines)
Inner bending: 20,000 / 2.37 = 8,438.82 machines (rounded up to 9 machines)
Outer bending: 20,000 / 3.03 = 6,600.66 machines (rounded up to 7 machines)
Therefore, to meet an output rate of 20,000 units per hour, we would need 9 machines for cutting, 9 machines for inner bending, and 7 machines for outer bending.
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Emmanuel would like to start a business with a popular fast food company. He agrees to pay a fee and royalties. This is an example of which type of business?
A. Franchise
B. S corporation
C. Nonprofit corporation
D. C corporation
Answers
Answer:
yeah A
Explanation:
Candy is trying to decide between two job offers. The compensation package for job A includes a $300 per-month health insurance plan, to which Candy would contribute $95; a $40 per-month life insurance plan; a salary of $65000 per year; and a 5% match on 401(k) contributions. The compensation package for job B includes a $400 per-month health insurance plan, to which Candy would contribute $105; a $50 per-month life insurance plan; a salary of $64000 per year; and a 9% match on 401(k) contributions. Candy plans to contribute $8000 per year to her 401(k) plan, What is the yearly value of health insurance benefit from job A? How about the yearly value of the health insurance benefit from job B?
Answers
Answer:
Job A's health insurance benefit = $2,460 per year
Job B's health insurance benefit = $3,540 per year
Explanation:
we have to calculate the net monthly benefits for each health insurance plan offered to Candy = total insurance plan benefit - candy's contribution.
Then we multiply the monthly benefit by 12 months to find the yearly value.
Job A's health insurance benefit = $300 - $95 = $205 x 12 months = $2,460 per year
Job B's health insurance benefit = $400 - $105 = $295 x 12 months = $3,540 per year
Can I Plss get some help on this
Answers
The reason the government monitors the size of the money supply is so that they can maintain stability and limit inflation.
Why should money supply be monitored?Money supply impacts the level of inflation in a country and therefore the stability of the nation as inflation is tied to economic stability.
The government would therefore try to maintain a level of money supply that leads to an inflation rate that is not too high or low, but will contribute to economic growth.
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Which quality is a requirement In order for a destination to become a tourism destination area (TDA)?
A. should be accessible by road
B. should be in a developed country
C. should have a unique feature
D. should have a moderate climate
Answers
marta's online store sells accessories for a widely used smartphone, and her current customer base shares a number of relevant characteristics. she believes she'll have her best return on investment by narrowing her search campaign audience. which two search campaign settings can be configured to reach more specific customers?
Answers
Marta's online store sells accessories for a widely used smartphone, and her current customer base shares a number of relevant characteristics. she believes she'll have her best return on investment by narrowing her search campaign audience.
Which two search campaign settings can be configured to reach more specific customers location and device type. An on-line save is an ecommerce internet site or app in which customers can see a catalog of services or products and electronically buy them.
A standard illustration of a web save is a brick-and-mortar retail enterprise that still shows and sells its merchandise on an internet site. Brick-and-mortar shops are bodily shops that clients can go to in-person. The contrary of a brick-and-mortar save is a web enterprise.
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The opportunity cost of watching a movie will be equal to;
А) The time lost while watching the show
B)The pleasure that could have been enjoyed watching TV instead
С )The pleasure enjoyed by watching the show
D) The amount paid to buy the tickets
Answers
Answer:
А) The time lost while watching the show
Explanation:
Opportunity cost is the value of the next-best alternative when a decision is made; it's what is given up.
A and D seems correct, but the wording on D makes A the better answer.
Explain how data analytics can help businesses like Kargo discover insights.
With the use of examples applicable to the case study, explain how data can be transformed into information and knowledge.
Justify the use of search engine marketing, with reference to the case study.
Answers
Data analytics can be instrumental in helping businesses like Kargo discover valuable insights by analyzing large volumes of data.
Through data analytics, businesses can gain a deeper understanding of customer behavior, market trends, and operational efficiencies. For example, Kargo could analyze its customer data to identify patterns in purchasing behavior, segment customers based on their preferences, and personalize marketing strategies accordingly.
By transforming raw data into information, businesses can uncover actionable insights. These insights can further be transformed into knowledge by combining them with domain expertise and industry context. This knowledge can then drive informed decision-making, strategic planning, and optimization of business processes.
In the case of Kargo, search engine marketing (SEM) can be justified as a powerful tool to reach target customers effectively. By leveraging SEM, Kargo can bid on relevant keywords related to their services, ensuring their ads appear prominently in search engine results.
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The formula above gives the monthly payment m needed to pay off a loan of P dollars at r percent annual interest over N months. Which of the following gives P in terms of m, r, and N
Answers
The formula gives P in terms of m, r, and N-
1. Multiply by the reciprocal2. P will be in terms of the reciprocal3. (1+(r/1200))ⁿ - 1p= --------------------m(r/1,200)(1+(r/1200))ⁿThe amount paid each month to repay the loan over the course of the loan is known as the monthly payment. When a loan is taken out, not only the principal, or the original loaned amount, but also the interest that accrues, must be repaid.
It makes sense to use the monthly method if the interest rate is lower than what you would pay on a credit card or other loan to pay the balance in full. If the rate is higher than what you would pay for other financing, you should take out a loan from that alternative financing source and pay one lump sum each year.
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Adamson will pay a dividend of $1.6 per share at the end of this year; the dividend will grow at a constant rate of 5.5%. Its common stock now sells for $37 per share. New stocks are expected to be sold to net $33.50 per share. Estimate Adamson's cost of retained earnings and its cost of new common stock.
Answers
The Adamson's cost of retained earnings is approximately 9.824% and the Adamson's cost of new common stock is approximately 10.276%.
To estimate Adamson's cost of retained earnings and cost of new common stock, we can use the Dividend Growth Model (DGM) and the Cost of Equity formula, respectively.
Cost of Retained Earnings (k retained): The cost of retained earnings represents the required rate of return on the reinvested earnings. We can calculate it using the Dividend Growth Model: k retained = (Dividend / Stock Price) + Growth Rate
Given: Dividend = $1.6 per share, Stock Price = $37 per share, Growth Rate = 5.5%, k retained = ($1.6 / $37) + 5.5%
= 0.04324 + 0.055
= 0.09824 or 9.824% (approx.)
Therefore, Adamson's cost of retained earnings is approximately 9.824%.
Cost of New Common Stock (k new): The cost of new common stock represents the required rate of return on newly issued stocks. We can calculate it using the formula:
k new = (Dividends per Share / Net Proceeds per Share) + Growth Rate
Given: Dividends per Share = $1.6 per share
Net Proceeds per Share = $33.50 per share
Growth Rate = 5.5%
k new = ($1.6 / $33.50) + 5.5%
= 0.04776 + 0.055
= 0.10276 or 10.276% (approx.)
Therefore, Adamson's cost of new common stock is approximately 10.276%.
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For my personal finance class
Which of the following is an example of the paradox of value?
a. You might choose an inflatable raft over a luxury car if you are adrift at sea
b. You might choose a diamond over a bottle of water if you really love dressing up
c. You might choose a hamburger over a veggie burger at a fast-food restaurant
d. You might choose a pair of socks over a hat if you are feeling cold
Answers
Answer:
b because diamonds dressing up
How has Tesco’s performed against each of the measures of success?
Answers
Answer:
For a long time, we measured our performance using the Steering Wheel. ... We now have just six simple, key business performance measures. It's about alignment and focus: if we give our colleagues more power to choose the right actions, we'll do a better job for customers and achieve greater success for our business.
Answer:
Tesco has been particularly successful because of its powerful brand. It has a reputation for value, low prices and for being customer focused. Its brand equity and associations have helped the company to expand into new sectors and markets. Tesco has also been strong in public relations, advertising and building profile in catchment areas on a local level. This local approach to marketing appears to be a key driver for success.
an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
Answers
(a) A family consist of a baby, a child attending nursery school and working parents, decide to prepare a budget for 3 months has a limited income and decides to purchase a food processor instead of a television set.
Suggest TWO possible reason for this decision.
Answers
Answer:
bhosdi ke kute gal chode
hey you are loved.
Take of yourself.
please vote me for Brainliest if ok :)
Jay Harrod and 2 trainees were sent to a 2 day sales seminar. The registration fee was $165 per person. Training materials cost $35 per person. Harrod earns a yearly salary of $52,000 and the 2 trainees earn $14.50 per hour each for a standard 40 hour work week. What were the total training costs?
Answers
Answer:
$1,232
Explanation:
the training costs include:
registration fees = $165 x 3 = $495
training materials = $35 x 3 = $105
trainees' wages = 2 x 8 x $14.50 = $232
Harrod's wage = ($52,000 / 52 weeks) x 2/5 days = $400
total training cost = $1,232
Employees must be paid their normal salary when they attend training sessions.
How to extend Hertz rental?
Answers
First, you need to call Hertz directly. They have a dedicated customer service team available 24/7 to help you with any questions or concerns you may have. When you call, make sure you have your reservation information ready.
This includes the rental agreement number, the reservation number, the start and end date, and the vehicle type. Hertz will need this information in order to process your extension request. Second, be sure to ask what the extension fees are. Depending on the length of your extension and the type of vehicle you have rented, the fees may vary. If you are extending for a long period of time, it's important to get an estimate of the fees you will be charged before agreeing to the extension.
Third, if you need to extend your rental beyond the original reservation date, Hertz may require a credit card authorization form. This form will authorize Hertz to charge your credit card for any additional fees associated with the extension.
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item 3 to ensure that conscious marketing is infused into all levels of the firm, it can be integrated into
Answers
To ensure that conscious marketing is infused into all levels of the firm, it can be integrated into various aspects of the organization.
Here are some key areas where conscious marketing can be incorporated:
Mission and Values: Conscious marketing should align with the company's mission and values. It should be integrated into the core principles and beliefs that guide the organization's actions and decisions.
Strategic Planning: Conscious marketing should be integrated into the strategic planning process. It should influence the identification of target markets, product development, pricing strategies, and distribution channels to ensure that they align with the principles of sustainability, social responsibility, and ethical practices.
Marketing Communications: Conscious marketing can be integrated into all marketing communications, including advertising, public relations, and digital marketing.
Customer Relationships: Conscious marketing involves building meaningful and authentic relationships with customers.
Supply Chain Management: Integrating conscious marketing into the supply chain ensures that ethical sourcing, fair trade practices, and environmentally sustainable operations are prioritized.
By integrating conscious marketing into these areas, organizations can demonstrate their commitment to responsible business practices, enhance brand reputation, and create long-term value for all stakeholders.
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what types of businesses are needed to make the product and deliver it to the final consumer.
Answers
Answer:
Manufacturing and Merchandising businesses
Explanation:
The type of Business needed to make the product is known as MANUFACTURING business. This business buys raw materials and refined them into products that later sell in bulk to wholesalers.
On the other hand, Merchandising business is a form of business that involves buying refined products at wholesale price and then sell to the final consumers.
Hence, in this case, then Greece answer is MANUFACTURING and MERCHANDIZING Business.