Based on movies and books I've read, I noticed that the culture in South America is big on familial love. Their family spreads not only immediately, but even to cousins after cousins. You can see them living in family compounds and they greet each other as families.
Therefore, this could be a reason for the company's choice of a mechanistic structure. This structure is about the working together of single parts to create an efficient mechanism. Thus. familial relationship is very important. They have to invest in close family ties through social events.
Answer:
Total cash collection May= $306,000
Explanation:
Giving the following information:
Sales:
April= $250,000
May= $320,000
June= $410,0000
The company expects to sell 50% of its merchandise for cash. Of sales on account, 60% are expected to be collected in the month of the sale, 40% in the month following the sale.
<u>Cash collection May:</u>
Sales on cash May= 320,000*0.5= 160,000
Sales on Account May= (160,000*0.6)= 96,000
Sales on Account April= (250,000*0.5)*0.4= 50,000
Total cash collection May= $306,000
Answer:
The Marketing Concept
Explanation:
Marketing concept is a marketing style in which the realization of the organization goals is directly related to knowing the needs and wants of the target markets and delivering the desired satisfactions better than competitors.
The organization utilizes market data to develop a strategy that is able to maintain a balance between satisfying the customer's need and achieving its own goals.
In this print ad, the source of the advertising message: <u>is the Minnesota State Tourism Department</u>.
<u>Explanation</u>:
Advertising is an activity of producing advertisements to market the goods or services. Businesses involve in advertising to promote the products or services offered by them. Advertising helps people to know about the product and their uses.
Advertising helps in increasing the sales of the product or services. The middleman service can be removed efficiently and salesmanship can be supported. The consumers can be educated easily about the product.
In the above scenario, Minnesota State Tourism Department promotes Minnesota as vacation destination by advertising.
Answer:
Explanation:
The journal entry is shown below:
Interest receivable A/c Dr $1,000
To Interest revenue A/c $1,000
(Being accrued interest is recorded)
The computation of accrued interest is presented below:
= Principal × rate of interest × number of months ÷ (total number of months in a year)
= $100,000 × 6% × (2 months ÷ 12 months)
= $1,000
The 2 months is calculated from November 1 to December 31