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.
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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.
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 payable | 7000? | |
| Purchases discounts | 210? | |
| Cash | 6790? |
B.
| Cash | 6790? | |
| Purchases discounts | 210? | |
| Accounts payable | 7000? |
C.
| Accounts payable | 4600? | |
| Merchandise inventory | 138? | |
| Cash | 4462? |
D.
| Purchases | 6790? | |
| Cash | 6790? |
E.
| Accounts payable | 6790? | |
| Cash | 6790? |
Place footnotes and source information ___________________
a. below graphs b. above graphs c. next to graphs d. in a list of figures
______ 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