Answer:
Both divisions are showing equal performance with an ROI of 14%.
Explanation:
The financial figures given have been organized as follows:
Consumer ($) Commercial ($)
Sales revenue 22,000 37,000
Divisional income 3,850 3,885
Divisional investment 27,500 27,750
Current liabilities 1,000 800
R&D 1,000 1,000
The resulting calculations are as follows:
Divisional ROI = Divisional income / Divisional investment
Consumer division ROI = $3,850 / $27,500 = 0.1400, or 14%
Commercial division ROI = $3,885 / $27,750 = 0.1400, or 14%
This illustrates that investment returns are equal at 14% for both divisions.
Answer:
Shirly is a good fit for careers in law, public safety, and security.
Explanation:
The professions in law, public safety, and security align closely with the characteristics noted in Shirly's evaluation, reflecting her qualities of justice, security awareness, and physical fitness to handle risky situations, all of which benefit the community she serves.
Answer: Parker Corporation a) Closing Journal Entries: General Journal Description Debit Credit 12/31 Service fees revenue $92,500 Interest income 2,200 Retained earnings 42,700 Income Summary $137,400 to close credit items to the Income Summary. Income Summary $64,700 Salaries expense $41,800 Advertising expense 4,300 Depreciation expense 8,700 Income tax expense 9,900 to close debit items to the Income Summary. b. T-accounts: Debit Credit Service fees revenue $92,500 Adjusted balance $92,500 Income Summary $92,500 Balance $0 Interest income $2,200 Adjusted balance $2,200 Income Summary $2,200 Balance $0 Salaries expense $41,800 Adjusted balance $41,800 Income Summary $41,800 Balance $0 Advertising expense $4,300 Adjusted balance $4,300 Income Summary $4,300 Balance $0 Depreciation expense $8,700 Adjusted balance $8,700 Income Summary $8,700 Balance $0 Income tax expense $9,900 Adjusted balance $9,900 Income Summary $9,900 Balance $0 Retained earnings Adjusted Balance 42,700 Income Summary $42,700 Balance $0 Explanation: a) Data: Parker Corporation Adjusted Account Balances Debit Credit Service fees revenue $92,500 Interest income 2,200 Salaries expense $41,800 Advertising expense 4,300 Depreciation expense 8,700 Income tax expense 9,900 Retained earnings 42,700.
Response:
Sam could implement several strategies, such as:
introducing loyalty programs, exploring various advertising methods, and possibly relocating his business.
Analysis:
Loyalty programs are prevalent today, allowing businesses to secure ongoing customer loyalty.
Through rewarding repeat customers for their purchases, these programs cultivate a loyal customer base, ensuring consistent buyers and preserving profit margins. In Sam's situation, he could incentivize his loyal customers with rewards, like a complimentary drink or discount vouchers.
Advertising has been a staple for businesses since their inception. Nowadays, there are various marketing avenues available; for instance, Sam could leverage social media to highlight his promotions and services, engage in "word of mouth" marketing with his customers, or even hand out flyers.
Finally, if the other tactics fail, Sam might think about relocating his stand to a location with no immediate competition.
I trust this advice will be helpful to you.
