Identify any product or service. How can a marketer calculate the lifetime value of a customer relating to the purchase of this product or service? Explain your answer

What will be an ideal response?


A firm must estimate a customer's future purchases across all products from the firm. The lifetime value of a customer would be the total profit generated from purchases from this customer.

Business

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Refer to the following bank reconciliation:


Journalize the adjusting entry for the first reconciling item: Note collected by bank. Omit explanation.

Business

On September 12, Ryan Company sold merchandise in the amount of $7000 to Johnson Company, with credit terms of 3/10, n/30. The cost of the items sold is $4600. Johnson uses the periodic inventory system and the net method of accounting for purchases. Johnson pays the invoice on September 18, and takes the appropriate discount. The journal entry that Johnson makes on September 18 is:

A.

Accounts payable7000? 
  Purchases discounts 210?
  Cash 6790?

B.
Cash6790? 
Purchases discounts210? 
  Accounts payable 7000?

C.
Accounts payable4600? 
  Merchandise inventory 138?
  Cash 4462?

D.
Purchases6790? 
  Cash 6790?

E.
Accounts payable6790? 
  Cash 6790?

Business

Place footnotes and source information ___________________

a. below graphs b. above graphs c. next to graphs d. in a list of figures

Business

______ defined as the process of assimilating new knowledge and skills in consequence of experience or practice, which will bring about relatively permanent changes in behavior.

a. Competencies are b. Learning is c. Knowledge is d. Training is

Business