Marriott Rewards customers earn points whenever they stay at any Marriott property. Louis is in this program, and he travels quite a bit because he works in sales. He usually stays at a Courtyard by Marriott, and when he walks into the lobby, there is a sign by the desk welcoming him by name as well as other Marriott Rewards customers who might be staying there. This ongoing relationship between Louis and Marriott is an example of _____.

(A) Relationship marketing
(B) internal marketing
(C) personal marketing
(D) formal marketing
(E) Acquisition marketing

Answer: Option A      

Explanation: In simple words,  relationship marketing refers to the strategy under which an organisation tries several practices to foster positive relationship with the customers. These activities are designed to keep hearty relationships which will ultimately lead to strong and stable customer base.

In the given case, Marriott is rewarding their regular customers by providing them with special services and attention. Thus, we can conclude that the given case depicts relationship marketing.

Final answer:

The ongoing relationship between Louis and Marriott is an example of relationship marketing.

Explanation:

The relationship between Louis and Marriott, as described in the question, is an example of relationship marketing. Relationship marketing emphasizes building long-term customer relationships by providing personalized experiences and recognizing customer loyalty. In this case, Marriott is welcoming Louis by name and acknowledging his status as a Marriott Rewards member, which enhances his overall experience and fosters a strong relationship between Louis and Marriott.

Which of the following entries would be made to record the purchase of inventory on account, if a company uses the perpetual inventory system?
A) a debit to Accounts Payable and a credit to Purchases

B) a debit to Accounts Payable and a credit to Merchandise Inventory

C) a debit to Merchandise Inventory and a credit to Accounts Payable

D) a debit to Purchases and a credit to Accounts Payable

For years Microsoft did not pay dividends to its shareholders. Instead it held back these profits to be used for future growth or expansion. These undistributed profits are referred to
1. ascurrent assets.
2. owners' equity.
3. retained earnings.
4. dividends payable

Consider the case of Yellow Duck Distribution Company: Yellow Duck Distribution Company is expected to generate $180,000,000 in net income over the next year. Yellow Duck Distribution has forecasted a capital budget of $83,000,000, and it wishes to maintain its current capital structure of 70% debt and 30% equity. If the company follows a strict residual dividend policy and makes distributions in the form of dividends, what is its expected dividend payout ratio for this year?
A. 81.86%
B. 64.63%
C. 86.17%
D. 73.24%

Initially, the exchange rate between Macedonian denars and Canadian dollars is in equilibrium. Then, there is a decrease in demand for Canadian dollars. As a result of a decrease in demand for Canadian dollars, what happens to Macedonia's currency in relation to Canada's currency?
a. no change in Macedonian denars
b. an appreciation in Macedonian denars
c. a depreciation in Macedonian denars
Also, as a result of a decrease in demand for Canadian dollars, what happens to Canada's currency in relation to Macedonia's currency?
a. a depreciation in Canadian dollars
b. no change in Canadian dollars
c. an appreciation in Canadian dollars

correct,P5-23 (similar to) Value of a retirement annuity Personal Finance Problem An insurance agent is trying to sell you an​ annuity, that will provide you with ​$9 comma 800 at the end of each year for the next 25 years. If you​ don't purchase this​ annuity, you can invest your money and earn a return of 5​%. What is the most you would pay for this annuity right​ now?

Suppose a period of continuous political instability leads people to believe that the economy will slide into a deep recession. As a result, people become more likely to accept ______money in exchange for goods and services. U.S. dollars are an example of _____ money.

Briefly explain whether you agree or disagree with the following​ statement: ​"AssetsLOADING... are things of value that people own. Liabilities are debts.​ Therefore, a bank will always consider a checking account deposit to be an asset and a car loan to be a​ liability."
A. Disagree. Checking accounts represent something that the bank owes to the owner of the account. It is a bank liability.
B. Disagree. Both checking accounts and car loans represent bank liabilities.
C. Agree. Loans are debts and therefore bank liabilities.
D. Agree. Checking accounts are something of value that is in the bank.​ Therefore, they are a bank asset.

Clothing Frontiers began operations on January 1 and engages in the following transactions during the year related to stockholders’ equity. January 1 Issues 600 shares of common stock for $40 per share. April 1 Issues 100 additional shares of common stock for $44 per share.
Required:

a) Record the transactions, assuming Clothing Frontiers has no-par common stock.

b) Record the transactions, assuming Clothing Frontiers has either $1 par value or $1 stated value common stock.

An investor wants to determine the safest way to structure a portfolio from several investments. Investment A produces an average annual return of 14% with a variance of 0.025. Investment B produces an average rate of return of 9% with a variance of 0.015. Investment C produces an average rate of return of 8% with a variance of 0.010. Investments A and B have a covariance of 0.00028, and investments A and C have a covariance of -0.006. Investments B and C have a covariance of 0.00125.
a. Suppose the investor wants to achieve at least a 12% return. What is the least risky way of achieving this goal? Round the answers for portfolio investments to one decimal place and portfolio variance to four decimal places. Investment A % B % C % Variance
b. Suppose the investor regards risk minimization as being five times more important than maximizing return. What portfolio would be most appropriate for the investor? Round the answers for portfolio investments to one decimal place and portfolio variance to four decimal places. Investment A % B % C % Variance

Shelton Co. purchased a parcel of land six years ago for $874,500. At that time, the firm invested $146,000 in grading the site so that it would be usable. Since the firm wasn't ready to use the site itself at that time, it decided to lease the land for $54,500 a year. The company is now considering building a warehouse on the site as the rental lease is expiring. The current value of the land is $926,000. What value should be included in the initial cost of the warehouse project for the use of this land? $1,020,500

Atlas Inc. manufactures television sets. Last month, direct materials (electronic components, etc.) costing $550,000 were put into production. Direct labor of $880,000 was incurred, manufacturing overhead equaled $495,000, and selling and administrative costs totaled $396,000. The company manufactured 8,400 television sets during the month. Assume that there were no beginning or ending work in process balances. What was the total product cost for last month?

Assume the standard deviation of the U.S. market portfolio is 18.2%, the standard deviation of the non-U.S. portion of the world portfolio is 17.1%, and the correlation between the U.S. and non-U.S. market portfolios is .47. Suppose you invest 25% of your money in the U.S. stock market and the other 75% in the non-U.S. portfolio. What is the standard deviation of your portfolio?
a) 16.7% b) 15.5% c) 17.1% d) 18.6%

A number of years ago, Kay acquired an interest in a partnership in which she is not a material participant. Kay's basis in her partnership interest at the beginning of 2015 is $40,000. Kay's share of the partnership loss is $35,000 in 2015, while her share of the partnership income is $15,000 in 2016. How much may Kay deduct in 2015 and 2016, assuming that she owns no other passive activities?

Maria is the assistant director of a not-for-profit organization that provides support to families. She is the head of a division that concentrates on evaluating the abilities (skills) building programs the organization provides to families. She reports directly to the agency manager. As a whole, this organization has been careful in hiring this time because of augmented competition for federal grant money. Nevertheless, they have also suffered high workforce turnover. Three executives, three important research staff, and one staff individual from the finance section have left.

Maria has a challenging schedule that requires frequent travel; nonetheless, she supervises two executives who in turn are responsible for six staff members each. Both executives were hired within the last eight months:

Manager 1: Robin has a specific background in research. She manages staff who provide research support to another division that delivers behavioral health services to young people. She supports her staff and is very organized; nevertheless, she often takes a very black and white view of issues. High-level leadership of the agency values Robin’s latest research on the therapeutic division’s services. Robin is very motivated and determined and expects the same from her staff.

Manager 2: Linda has a strong experience in social science research and assessment. She manages staff that work on different assignments within the organization. She is recognized as a problem solver and is supportive of her staff. She is very organized and has a wealth of practice in valuation of family services. She is very talented and can sometimes take on too much.

Management is recognizing that staff is becoming overworked as everyone takes on increased responsibilities due to high staff turnover. Staff have also mentioned that Robin’s "glass half-empty" approach style leaves them feeling disappointed. In addition, she has not shared budgets with her managers, so they are having difficulty appropriately allocating work to staff. Linda said she has not received sufficient information from the finance department to complete the budgets. The finance department said they have sent her all the information they have available.

As staff become distressed, the managers are becoming unsatisfied. They feel like they are unable to advocate for their staff or solve problems without key information like the departmental budget

Question. Analyze each one of these persons (Robin and Linda) and summarize their approach to work.

Carrie, age 55, is an employee of Rocket, Inc. (Rocket). Rocket sponsors a SEP IRA and would like to contribute the maximum amount to Carrie’s account for the plan year. If Carrie earns $14,000 per year from Rocket, what is the maximum contribution Rocket can make on her behalf to the SEP IRA?

A. $3,400.
B. $3,500.
C. $3,500 plus a catch up of $6,000.
D. $53,000.

Larkin Company accumulated the following standard cost data concerning product I-Tal.

Direct materials per unit: 2.10 pounds at $6.36 per pound
Direct labor per unit: 5.26 hours at $10 per hour
Manufacturing overhead: Allocated based on direct labor hours at a predetermined rate of $19.00 per direct labor hour
Compute the standard cost of one unit of product I-Tal. (Round answer to 2 decimal places, e.g. 2.75.)Standard cost _____ $

Healthy Life Co. is an HMO for businesses in the Fresno area. The following account balances appear on Healthy Life’s balance sheet: Common stock (3,000,000 shares authorized; 2,200,000 shares issued), $15 par, $33,000,000; Paid-in capital in excess of par—common stock, $9,000,000; and Retained earnings, $89,550,000. The board of directors declared a 5% stock dividend when the market price of the stock was $18 a share. Healthy Life reported no income or loss for the current year.

A. Journalize the entries to record (1) the declaration of the dividend, capitalizing an amount equal to market value, and (2) the issuance of the stock certificates.
B. Determine the following amounts before the stock dividend was declared: (1) total paid-in capital, (2) total retained earnings, and (3) total stockholders’ equity.
C. Determine the following amounts after the stock dividend was declared and closing entries were recorded at the end of the year: (1) total paid-in capital, (2) total retained earnings, and (3) total stockholders’ equity.

Janice Cullen, owner of a nationally renowned photography business, files a registration statement and prospectus with the SEC. Five days after she files the registration statement, she has a meeting with her top 10 clients (primarily business owners who usually seek Janice for marketing purposes). During this meeting, Janice distributes a red-herring prospectus. At the end of the meeting, Janice decides to sell securities to her 10 clients, as well as 30 other clients with whom she had been emailing, despite the SEC?s not having yet declared her registration statement effective. Consequently, the SEC takes Janice to court for selling securities before the effective date of registration.The court holds Janice liable for violating the 1933 Securities Act.But what if the facts of the case were different? Select each set of facts below that could change the outcome of the case.A. Janice?s photography business was a registered non-profit, and focused on teaching art and photography in public schools. Her top 10 clients were owners of local charities.B. Janice published a tombstone advertisement before meeting with her top 10 clients. They saw this advertisement and were eager to engage in business with Janice.C. The 40 clients who bought the securities from Janice were accredited investors.D. Janice sold the securities to the 40 clients 25 days after she filed her registration statement.Ps. There might be more than one answer - choose all that apply

A sole proprietorship:

A. provides limited liability for its owner.
B. involves significant legal costs during the formation process.
C. has an unlimited life.
D. has its profits taxed as personal income.
E. can generally raise significant capital from nonowner sources.

Does the fact that your bank keeps only a fraction of your account balance in reserve worry you? Why don't people rush to the bank and retrieve their money? What would happen if they did?

A firm’s profit margin is 5 percent, its debt/assets ratio is 56 percent, and its dividend payout ratio is 40 percent.
If the firm is operating at less than full capacity.
Then sales could increase to some extent without the need for external funds, but if it is operating at full capacity with respect to all assets, including fixed assets, then any positive growth in sales will require external financing.

Would this be True or False and why?

Holmes Company produces a product that can be either sold as is or processed further. Holmes has already spent $60,000 to produce 1,675 units that can be sold now for $97,500 to another manufacturer. Alternatively, Holmes can process the units further at an incremental cost of $290 per unit. If Holmes processes further, the units can be sold for $415 each. Should Holmes sell the product now or process it further.
Please answer in the format provided below
Sales As Is Process further Incremental Accounting
Sales $97,500
Additional Process costs
Total $97,500

Chris Co. is considering replacing an old machine. The old machine was purchased for $100,000 and has a book value of $40,000 and should last four more years. Chris Co. believes that it can sell the old machine for $50,000. The new machine cost $80,000 and will have a 4-year life and a $10,000 salvage value. Currently, it cost $20,000 annually to operate the old machine. The new machine is more efficient and should reduce operating cost by 50%. Based on quantitative analysis, calculate the relevant costs and indicate if Chris Co. should replace the old machine?
a. No, because the relevant cost of the new machine is $10,000 more than the cost of the old machine.
b. Yes, because the relevant cost of the new machine is $10,000 less than the cost of the old machine.
c. No, because the relevant cost of the new machine is $20,000 more than the cost of the old machine.
d. Yes, because the relevant cost of the new machine is $20,000 less than the cost of the old machine.

The service division of Raney Industries reported the following results for 2017.

Sales $567,200
Variable costs 340,320
Controllable fixed costs 95,700
Average operating assets 609,100

Management is considering the following independent courses of action in 2018 in order to maximize the return on investment for this division.
(1) Reduce average operating assets by $127,100, with no change in controllable margin.
(2) Increase sales $102,300, with no change in the contribution margin percentage.

Compute the controllable margin and the return on investment for 2017.

Garnet Company’s most popular product has a unit variable cost of $40 and a unit sales price of $70.40. Fixed manufacturing costs are $192,000 when the company produces and sells 10,000 units. Garnet has been approached with a one-time opportunity to sell 1,000 more units for $56 each. Because the customer is a foreign wholesaler, these sales will not impact present sales. If Garnet has sufficient capacity, how much will net income change as a result of the special order?


A : $3,200 decrease


B : $56,000 increase


C : $16,000 increase


D : $14,400 decrease

Western Wear Clothing issues 3,000 shares of its $0.01 par value common stock to provide funds for further expansion. Assuming the issue price is $11 per share, record the issuance of common stock. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

Crane Company prepared a fixed budget of 40000 direct labor hours, with estimated overhead costs of $200000 for variable overhead and $90000 for fixed overhead. Crane then prepared a flexible budget at 37000 labor hours. How much is total overhead costs at this level of activity?

Cyra is a musician who is contracted to perform for Vanta Blue, a local pub. Vanta Blue pays her an advance as part of the contract. But Cyra never shows up to perform at Vanta Blue. Vanta Blue sues Cyra for breach of contract and to request an order that Cyra carry out her contractual obligation. Which of the following remedies is most likely to be sought by Vanta Blue in this caseA. specific performanceB. substantial performanceC. tender performanceD. injunctionE. condition subsequent

How much would $100, growing at 5% per year, be worth after 75 years?

$3,689.11


$3,883.27


$4,077.43


$4,281.30


$4,495.37

A small country can import a good at a world price of 10 per unit. The domestic supply
curve of the good is
S= 20 +10 P
The demand curve is
D = 400- 5 P
In addition, each unit of production yields a marginal social benefit of 10.
a. Calculate the total effect on welfare of a tariff of 5 per unit levied on imports.
b. Calculate the total effect of a production subsidy of 5 per unit.
c. Why does the production subsidy produce a greater gain in welfare than the tariff?
d. What would the optimal production subsidy be?