MacKenzie Company sold $780 of merchandise to a customer who used a Regional Bank credit card. Regional Bank deducts a 1.5% service charge for sales on its credit cards and credits MacKenzie's account immediately when sales are made. The journal entry to record this sale transaction would be:________ a) Debit Accounts Receivable $780 and credit Sales $780. b) Debit Cash $768.30; debit Credit Card Expense $11.70 and credit Sales $780. c) Debit Cash of $780 and credit Sales $780. d) Debit Cash of $780 and credit Accounts Receivable $780 e) Debit Cash $768.30 and credit Sales $768.30

Answers

Answer 1

Answer:

b) Debit Cash $768.30; debit Credit Card Expense $11.70 and credit Sales $780.

Explanation:

Based on the information given the Appropriate journal entry to record this sale transaction would be:

Debit Cash $768.30

($780-$11.70)

Debit Credit Card Expense $11.70

(1.5%*$780)

Credit Sales $780

(To record sales)


Related Questions

Financial information is presented below: Operating Expenses $ 89300 Sales Returns and Allowances 17000 Sales Discounts 11700 Sales Revenue 320900 Cost of Goods Sold 173900 The amount of net sales on the income statement would be

Answers

Answer:

Net sales = 292200

Explanation:

Below is the given values:

Operating expenses = $89300

Sales return = 17000

Sales discounts = 11700

Sales revenue = 320900

Cost of goods sold = 173900

Net sales = Sales revenue - Sales discount - Sales return

Net sales = 320900 - 11700 - 17000

Net sales = 292200

You are a provider of portfolio insurance and are establishing a four-year program. The portfolio you manage is currently worth $150 million, and you promise to provide a minimum return of 0%. The equity portfolio has a standard deviation of 25% per year, and T-bills pay 7.5% per year. Assume that the portfolio pays no dividends.

Required:
a. What percentage of the portfolio should be placed in bills?
b. What percentage of the portfolio should be placed in equity?

Answers

Answer:

sorry but I don't know sorry

For the month of September, Florida, Inc., incurs a direct materials cost of $12,000 for 7,500 gallons of strawberry lemonade produced in its Mixing Department. It also incurs conversion costs of $6,000 with 80% completed. If the conversion cost per equivalent unit was $1.15 per gallon in August, what is the difference in the conversion cost per equivalent unit between the two months

Answers

Answer:

Florida, Inc.

The difference in the conversion cost per equivalent unit between the two months is:

= $0.15.

Explanation:

a) Data and Calculations:

Direct materials cost = $12,000

Production units (gallons of strawberry lemonade) = 7,500

Conversion costs = $6,000

Degree of completion of conversion = 80%

Equivalent units of conversion = 6,000 (7,500 * 80%)

Therefore, the conversion cost per equivalent unit = $1.00 ($6,000/6,000)

The difference in the conversion cost per equivalent unit between the two months is $0.15 ($1.15 - $1.00)

Assume that your company is considering switching to cloud computing for some of its services. Some people on the team are worried about security. What are some things that you can do to minimize the potential security disadvantages?

Answers

Answer:

See the explanation below.

Explanation:

Cloud computing can be described as the on-demand availability of computer system resources, particularly data storage and computational power, without the user having to manage them directly.

The potential security disadvantages of cloud computing can be minimized by doing the following:

a. Teach effective protection techniques to other members of the team and staff.

b. To ensure that internal and external data privacy regulations are followed, ensure that you in place the correct cloud application governance mechanism.

c. Make sure you have a backup plan in place. This ensures that you have a secure backup of your data in the event that something goes wrong.

d. To manage risk, implement access controls. Even for external identities, link user identities to backend folders.

e. Encrypt data and text before transmitting it, and store the keys that encrypt and decrypt it.

f. To keep hackers at bay, create unique, one-of-a-kind passwords.

g. Penetration testing should be employed to test your security measures. Penetration testing is an IT security practice that aims to find and fix flaws as well as reduce cloud security risks.

The following relates to a proposed equipment purchase: Cost $ 157,000 Salvage value $ 5,000 Estimated useful life 4 years Annual net cash flows $ 52,600 Depreciation method Straight-line Ignoring income taxes, the annual net income amount used to calculate the accounting rate of return is

Answers

Answer:

$14,850

Explanation:

Depreciable amount = $158,000 - $5,000 = $153,000

Annual depreciation = $38,250

Annual net income = $53,100 - $38,250 = $14,850.

Therefore, the annual net income amount used to calculate the accounting rate of return is $14,850

Kingbird, Inc. purchased a piece of equipment for $72,200. It estimated a 8-year life and a $3,400 salvage value. At the end of year four (before the depreciation adjustment), it estimated the new total life to be 10 years and the new salvage value to be $7,200.

Compute the revised depreciation assuming Kingbird uses the straight-line method.

Revised annual depreciation
$enter the revised annual depreciation in dollars

Answers

Depreciation Expense 3,060

Accumulated Depreciation 3,060

72,200-3,400=68,800/8yr=8,600*4yrs=34,400-72,200=37,800

37,800-7,200=30,600/10yr=3,060 annual depreciation

72,200-3,400=68,800/8yr

=8,600*4yrs

=34,400-72,200=37,800

37,800-7,200=30,600/10yr

=3,060 annual depreciation

Therefore, the Depreciation Expense of 3,060.

What is depreciation?

Depreciation is a term used in accounting to describe two different aspects of the same idea: first, the actual decline in an asset's fair value as it is used and worn, such as the annual decline in value of factory equipment, and second, the allocation in accounting statements of the asset's original cost to the periods in which the asset is used (depreciation with the matching principle).

Depreciation is the process of reallocating, or "writing down," the cost of a physical item (such as equipment) over the course of that asset's useful life. It also refers to the decline in asset value. Long-term assets are depreciated by businesses for accounting and tax reasons. A company's or entity's balance sheet is impacted by the asset's decline in value, and the income statement they report is impacted by the process of depreciation from an accounting standpoint.

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A convertible preferred stock is convertible at $10, pays a 4% annual dividend, is callable at $110, and is trading at a current market price of $116. Based on these details, what is the parity price of the common stock

Answers

Answer:

$11.60

Explanation:

In ascertaining the parity price of the common stock, we need to ascertain the conversion ratio which is the par price of the preferred stock divided by the convertible price

The par value of the preferred stock=$100(since call price is $110)

convertible price=$10

conversion ratio=$100/$10=10

The parity price is the current market price of the preferred stock divided by the conversion ratio

Parity price=$116/10

Parity price=$11.60

A project with an initial investment of $460,100 will generate equal annual cash flows over its 11-year life. The project has a required return of 8.2 percent. What is the minimum annual cash flow required to accept the project

Answers

Answer: $65,075.85

Explanation:

Given that the cash flow should be constant, it will be an annuity.

The initial investment will be the present value of this annuity.

Present value of annuity = Annuity * ( 1 - (1 + rate)^-number of periods) / rate

460,100 = Annuity * ( 1 - (1 + 8.2%) ⁻¹¹) / 8.2%

460,100 = Annuity * 7.070211525

Annuity = 460,100 / 7.070211525

= $65,075.85

Grace Company gathered the following reconciling information in preparing its July bank reconciliation: Cash balance per books, 7/31 $4,500 Deposits in transit 150 Notes receivable and interest collected by bank 850 Bank charge for check printing 20 Outstanding checks 2,000 NSF check 170 The adjusted cash balance per the books on July 31 is____.a. $5,010.
b. $3,310.
c. $3,460.
d. $5,160.

Answers

Answer:

d. $5,160

Explanation:

Calculation to determine what The adjusted cash balance per the books on July 31 is

Cash balance per books, 7/31 $4,500

Add Notes receivable and interest collected by bank $850

Less Bank charge for check printing ($20)

Less NSF check ($170)

Cash balance per the books on July 31 $5,160

Therefore The adjusted cash balance per the books on July 31 is $5,160

Based on the following information from Scranton Company's balance sheet, calculate the current ratio.

Current assets $87,000
Investments 50,000
Plant assets 220,000
Current liabilities 39,000
Long-term liabilities 90,000
Retained earnings 228,000

Answers

Answer:

2.23

Explanation:

Calculation to determine the current ratio

Using this formula

Current Ratio = Current Assets / Current Liabilities

Where,

Current Assets = $87,000

Current Liabilities = $39,000

Let plug in the formula

Current Ratio = $87,000 / $39,000

Current Ratio = 2.23

Therefore Current Ratio is 2.23

Product Y has a value of $100 and a holding cost rate of 10% per year. The ordering costs are $1,000, and the yearly demand is 45,000 units. The economic order quantity can be determined to equal 3,000 (feel free to check this). Determine the total inventory costs (i.e., ordering costs + holding costs) per year.

Answers

Answer:

$30,000

Explanation:

Use the following formula to calculate the total cost

Total cost = ordering costs + holding costs

Where

Ordering costs = Numbers of orders placed per year x Ordering Cost per order = ( 45,000 units / 3,000 units per order ) x $1,000 per order = 15 x $1,000 = $15,000

Holding costs = Average Inventory x Holding cost per unit per year = ( 3,000 units / 2 ) x ( $100 x 10% ) = 1,500 units x $10 = $15,000

Placing values in the formula

Total Cost = $15,000 + $15,000

Total Cost = $30,000

Triathlon Cycles specializes in producing touring bicycles but has recently Activity Cost pool Mountain Bicycle Touring Bicycle Direct materials per unit $1,000 $2,200 Total direct labor cost $300 $700 Total manufacturing overhead $75,000 $180,000 Number of units 200 units 400 units1. What is the manufacturing overhead allocated to each mountain bicycle?2. What is the total manufacturing costs of one touring bicycle?

Answers

Answer:

$375 per mountain bicycle $3,350 per touring bicycle

Explanation:

1. Manufacturing overhead of each mountain bicycle:

= Total manufacturing overheads for mountain bicycles / Number of units

= 75,000 / 200

= $375 per mountain bicycle

2. Manufacturing costs of one touring bicycle

= Direct labor + Direct material + Manufacturing overhead per touring bicycle

= 700 + 2,200 + (180,000 / 400 units of touring bicycles)

= 700 + 2,200 +  450

= $3,350

who is the richest person in the world ?​

Answers

Answer:

Jeffrey Preston Bezos

Explanation:

Jeffrey Preston Bezos is an American investor, business tycoon, media proprietor, and he is founder and executive chairman of Amazon. Although, he had served as the chief executive officer (CEO), president and chairman of Amazon before becoming its executive chairman.

He was born on the 12th of January, 1964 in Albuquerque, New Mexico, United States of America.

According to Forbes magazine, Jeff currently has an estimated net worth of two hundred and five (205) billion dollars, making him the richest man in the world and on Earth.

In conclusion, Jeffrey Preston Bezos is the richest person in the world.

10 percent decrease in consumer incomes leads to a 20 percent decrease in the quantity demanded of good D. Instructions: Round your answer to one decimal place. If you are entering a negative number be sure to include a negative sign (-) in front of that number. The income elasticity of this good is: . This good can best be described as (Click to select) .

Answers

Answer:

Income elasticity = 2

Normal good

Explanation:

Below is the given values:

Percentage decrease in consumers income = 10%

Percentage decrease in quantity demanded = 20%

Use the below formula to find the income elasticity:

Income elasticity = % change in quantity demanded / % in income

Income elasticity = -20/-10

Income elasticity = 2

Since the elasticity is 2 that means good is normal good.

Sal is very clear in defining for his subordinates the incentives available to them for different levels of performance. He makes sure they understand the path toward receiving incentives and follows through on rewarding them when they meet those goals. Sal exhibits the _______ theory of leadership.

Answers

Answer: d. path–goal

Explanation:

The Path-goal theory of leadership espouses that leaders should be dynamic and use whichever leadership style would be best suited to the abilities of their subordinates and the work environment that they are in.

It is then divided into four styles with the relevant style here being the "directive path-goal clarifying leader behavior". Under this style, the manager specifies exactly what it is that they want from the employees and then rewards them when they meet the required objectives.

The theory of leadership that Sal was exhibiting when he was defining some incentive that can make them perform well and explain the path to follow so as to receive the incentive when they achieve their goal is  The path-goal theory.

The path-goal theory can be regarded as one that focus on  leader's behavior which serves as contingent to the satisfaction that influence the motivation and performance of their employees.

Good example us where Sal promise her employee about incentive once they achieve their goals.

Therefore, The path-goal theory is correct.

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Swifty Corporation has 46,500 shares of $13 par value common stock outstanding. It declares a 15% stock dividend on December 1 when the market price per share is $18. The dividend shares are issued on December 31. Prepare the entries for the declaration and issuance of the stock dividend. (

Answers

Answer:

Common stock dividend distributable = Par * Number of shares * % dividend

= 13 * 46,500 * 15%

= $90,675

Stock Dividend = Number of shares * market price * % dividend

= 46,500 * 18 * 15%

= $125,550

Date          Account Title                                                 Debit               Credit

Dec, 1        Stock Dividend                                          $125,550

                 Common Stock Dividend Distributable                            $90,675

                  Paid in Capital in excess of Par-                                       $34,875

                  Common stock

Date          Account Title                                                 Debit               Credit

Dec, 31      Common Stock Dividend Distributable     $90,675

                 Common Stock                                                                  $90,675

purchased heavy equipment by giving the seller a $30,000 cash down payment and a 5-year interest-bearing note for the $170,000 balance of the price. Compute Pettit's book basis and tax basis in the equipment

Answers

Answer: $200,000

Explanation:

The book and tax basis will be the same in this instance because the equipment was purchased newly.

The book and tax basis will be the price of the equipment:

Price = Cash down payment + Present value of interest bearing note

= 30,000 + 170,000

= $200,000

Book and Tax basis is therefore $200,000

Coomb's Fashions forecasts sales of $125,000 for the quarter ended December 31. Its gross profit rate is 20% of sales, and its September 30 inventory is $32,500. If the December 31 inventory is targeted at $41,500, budgeted purchases for this quarter should be:

Answers

Answer:

Total purchase= $109,000

Explanation:

To calculate the budgeted purchases, we need to use the following formula:

Purchases= production + desired ending inventory - beginning inventory

Budgeted purchase:

Production= 125,000*0.8= 100,000

Desired ending inventory= 41,500

Beginning inventory= (32,500)

Total purchase= $109,000

Operating Leverage Beck Inc. and Bryant Inc. have the following operating data: Beck Inc. Bryant Inc. Sales $1,250,000 $2,000,000 Variable costs (750,000) (1,250,000) Contribution margin $500,000 $750,000 Fixed costs (400,000) (450,000) Operating income $100,000 $300,000 a. Compute the operating leverage for Beck Inc. and Bryant Inc. If required, round to one decimal place. Beck Inc. fill in the blank 1 Bryant Inc. fill in the blank 2 b. How much would operating income increase for each company if the sales of each increased by 20%? Dollars Percentage Beck Inc. $fill in the blank 3 fill in the blank 4 % Bryant Inc. $fill in the blank 5 fill in the blank 6 % c. The difference in the of operating income is due to the

Answers

Answer:

1. Operating leverage = Contribution margin / Net income

Beck Inc.

Operating leverage = $500,000 / $100,000

Operating leverage = 5

Bryant Inc.

Operating leverage = $750,000 / $300,000

Operating leverage = 2.5

2. Income from operations increase = Increase in sales * Degree of operating leverage

Dollar increase = Net income * Percentage

Beck Inc.

Percentage = 5*20 = 100% (Income from operations increase)

Dollar increase = $100,000 * 100% = $100,000

Bryant Inc.

Percentage = 2.5*20 = 50% (Income from operations increase)

Dollar increase = $300,000 * 50% = $150,000

Estrada Corporation produced 204,000 watches that it sold for $18 each. The company determined that fixed manufacturing cost per unit was $9 per watch. The company reported a $816,000 gross margin on its financial statements. Required Determine the variable cost per unit, the total variable product cost, and the total contribution margin.

Answers

Variable cost per unit

Total sales 204,000 x $18 = $3,672,000

Gross margin (given) $816,000

COGS=Total Sales -Gross Margin ($3,672,000-816,000)= $2,856,000

Total Fixed Cost 204,000 x $9 = $1,836,000

COGS Total variable cost + total fixed cost 2,856,000-1,836,000=$1,020,000

variable cost per unit (1020,000/204,000)= $5

Contribution margin $2,652,000

Total variable cost = $1,020,000Total variable cost = $5Contribution margin = $2,652,000

Given:

Number of watch produced = 204,000

Selling price of each watch = $18

Fixed cost = $9 per watch

Gross margin = $816,000

Find:

Variable cost per unit

Total variable product cost

Total contribution margin

Computation:

Total sales Value = 204,000 × $18

Total sales Value = $3,672,000  

Cost of goods sold = Total Sales - Gross Margin

Cost of goods sold = $3,672,000 - $816,000

Cost of goods sold = $2,856,000  

Total Fixed Cost = 204,000 × $9

Total Fixed Cost = $1,836,000  

Cost of goods sold = Total variable cost + Total fixed cost

So,

Total variable cost = $2,856,000 - $1,836,000

Total variable cost = $1,020,000

Variable cost per unit  = $1020,000 / 204,000

Total variable cost = $5  

Contribution margin = $3,672,000 - $1,020,000

Contribution margin = $2,652,000

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A moving average of stock prices _________________.A. always lies above the most recent priceB. always lies below the most recent priceC. is less volatile than the actual pricesD. is more volatile than the actual prices

Answers

Answer:

The correct option is C. is less volatile than the actual prices.

Explanation:

A moving average is a data-analysis approach that calculates the averages of distinct subsets of the complete data set. The purpose of determining a stock's moving average is to smooth out price data by creating an average price that is constantly updated.

Therefore, the moving average reduces the impact of random, short-term fluctuations on the price of a stock over a given time frame. This makes the moving average of stock prices be less volatile than the actual prices.

Therefore, the correct option is C. is less volatile than the actual prices.

A survey of 385 people who like wild sweaters found that 74% had a wild holiday sweater. What is the population and what is the sample?

Answers

Answer:

385

Explanation:

because it says 385

In a situation where a survey of 385 people who like wild sweaters found that 74% had a wild holiday sweater, the population as well as the sample will be 385. Therefore, the option C holds true.

What is the significance of a sample?

A sample can be referred to or considered as a set of units that are taken into consideration for interpreting a data for bigger number of available observations. Sampling method is considered as an ideal option for surveys to save time and efforts.

In the condition given above, a survey included 385 people out of the total population of the survey, however, the 385 people are just the samples for saving time and effort. The actual results for bigger representation will also be closer to 74%.

Therefore, the option C holds true and states regarding the significance of a sample.

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The missing options for the incomplete question have been added below for better reference.

A survey of 385 people who like wild sweaters found that 74% had a wild holiday sweater. What is the population and what is the sample?

A. 96

B. 289

C. 385

D. 74

Management of Carla Vista Home Furnishings is considering acquiring a new machine that can create customized window treatments. The equipment will cost $199,550 and will generate cash flows of $104,750 over each of the next six years. If the cost of capital is 13 percent, what is the MIRR on this project

Answers

Answer:

MIRR = 27.85%

Explanation:

Below is the calculations:

The cost of equipment, Present value = $199550

Generate cash flow each year = $104750

Time = 6 years

Now find the future value of annual cash flow = 104750 (F/A , 13%, 6)

The future value of annual cash flow =104750 x 8.3227

The future value of annual cash flow = $871802.825

Now find the MIRR = (871802.825 / 199550)^(1/6)-1

MIRR = (4.3688)^(1/6)-1

MIRR = 27.85%

3.How does the theory of efficient production apply to managers of government bureaus or departments that are not run for profit

Answers

Answer:

The theory of efficient production applies to managers of government bureaus or departments that are not run for profit in the following way:

1. The theory helps them to ensure that production resources are optimally allocated to generate value.

2. The theory emphasizes that wastages must be minimized.

3. Efficiency also ensures that processes, policies, and programs are carried out at the right time on each occasion.

Explanation:

Government bureaus or departments require to make decisions about the resources that they require for government services and the value of the output of these services to the public.  The managers ensure that costs are not so much greater than the value created from deploying scarce resources. The best allocation of resources must always be decided to achieve value for money.

P Company owns 90% of the outstanding common stock of S Company. On January 1, 2015, S Company sold land to P Company for $578,000. S Company originally purchased the land for $427,400. On January 1, 2016, P Company sold the land purchased from S Company to a company outside the affiliated group for $676,100. Calculate the amount of gain on the sale of the land that is recognized on the books of P Company in 2016.

Answers

Answer: $98,100

Explanation:

Gain on the sale of the land would be the difference between the amount the land was sold for to the outside entity and the amount that P Company purchased it at.

= Selling price to outside group - Price purchased from S Company

=  676,100 - 578,000

= $98,100

Grays Company uses a perpetual inventory system. On May 1, the company had inventory of 20 units at a cost of $8 each. On May 3, it purchased 30 units at $10 each. 22 units are sold on May 6. Under the weighted average inventory costing method, what amount will be reported as cost of goods sold for the 22 units that were sold

Answers

Answer: $9.20

Explanation:

Using the weighted average inventory costing method, the price is abased on the number of units and their price.

The above inventory cost would be calculated as follows:

= [ (Opening units * Cost of units) + (Units purchased * Cost of purchase) ] / Total units in inventory

= [ (20 * 8) + (30 * 10) ] / (20 units + 30 units)

= [ 160 + 300 ] / 50

= $9.20

The treasurer of a large corporation wants to invest $43 million in excess short-term cash in a particular money market investment. The prospectus quotes the instrument at a true yield of 3.47 percent; that is, the EAR for this investment is 3.47 percent. However, the treasurer wants to know the money market yield on this instrument to make it comparable to the T-bills and CDs she has already bought. If the term of the instrument is 77 days, what are the bond equivalent and discount yields on this investment? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)
Bond equivalent yield %
Discount yield %

Answers

Answer and Explanation:

The computation is shown below:

Given that,

EAR = 3.47%

1.0347 = (1+R ×77 ÷ 365)^365 ÷ 77

Now Take 365/77th root both sides

So,  

1+R × 77 ÷ 365 = 1.00722

1+R × 0.2109 = 1.00722

R × 0.2109 =0.00722

R = 0.03423

Thus, Bond Equivalent Yield = 3.423%

Now

Discount Yield = (360 × 0.03423) ÷ (365+77 × 0.03423)

= 12.3244 ÷ 367.6361

= 0.03352

Thus, Discount Yield = 3.352%            

Janet and Megan are debating the use of student discounts by local stores near school. Janet argues, "When stores offer discounts to students with valid identification, it is price discrimination, because they are attempting to separate the market into two groups—each with different demands for that particular good." Megan responds with, "This is not a form of price discrimination, because there is no age restriction for students. Economists generally agree with :

a. Dina
b. Antonio

Answers

Answer:

Antonio

Explanation:

In simple words, Antonio has a lot of support among economists. Price discrimination occurs when a vendor is able to split clients into groupings or segregate a marketplace into two categories so that they may charge varying charges to that same two groups. It has hardly anything to deal with the customers' age.

Thus, Antonio is correct with his views.

New lithographic equipment, acquired at a cost of $859,200 on March 1 of Year 1 (beginning of the fiscal year), has an estimated useful life of five years and an estimated residual value of $96,660. The manager requested information regarding the effect of alternative methods on the amount of depreciation expense each year. On the basis of the data presented to the manager, the double-declining-balance method was selected.

Required:
a. Determine the annual depreciation expense for each of the estimated five years of use, the accumulated depreciation at the end of each year, and the book value of the equipment at the end of each year by (a) the straight-line method and (b) the double-declining-balance method. Round your answers to the nearest whole dollar.
b. Journalize the entry to record the sale assuming the manager chose the double-declining-balance method.

Answers

Answer and Explanation:

The calculation and the journal entry is given below:

a)

Depreciation expense= (Original cost - Residual Value) ÷ Estimated useful life

= $(859200 - 96660) ÷ 5

= $152508

Year     Depreciation Expense Accumulated depreciation   Book Value,

1            $152508                           $152508                           $706692

2            152508                         305016                            554184

3             152508                            457524                           401676

4              152508                            610032                             249168

5          152508                           762540                              96660

b)

Depreciation rate is

= 100 ÷ 5 × 2

= 40%

Year     Depreciation Expense Accumulated depreciation   Book Value,

1  $343680                               $343680                            $515520

( 40% of 859200)

2       206208                                   549888                             309312

(40% of 515520)

3 123725                                     673613                        185587

4 74235                                      747848                         111352

5  14692                                      762540                               96660

(111352-96660)

c)

The journal entry is  

Cash  $141422.00  

Accumulated depreciation- Equipment  $747848.00  

     To Gain on sale of Equipment   $30070.00

      To Equipment   $859200.00  

(Being the sale of equipment is recorded)      

The Marketing Dept. needs to maximize consumer interest in the company's new financial services by sending marketing emails, targeted ads, and texts at prescribed intervals throughout the initial process of attracting and building a relationship with a customer. Riad's team has a large amount of data from previous marketing campaigns that they can analyze to develop a recommended schedule, taking into account a large variety of factors about different types of customers. What kind of technique will this task force need to employ in order to make these recommendations?

Answers

Answer:

Simulation

Explanation:

From the question we are informed about The Marketing Dept. Which needs to maximize consumer interest in the company's new financial services by sending marketing emails, targeted ads, and texts at prescribed intervals throughout the initial process of attracting and building a relationship with a customer. Riad's team has a large amount of data from previous marketing campaigns that they can analyze to develop a recommended schedule, taking into account a large variety of factors about different types of customers. In this case, the kind of technique this task force will need to employ in order to make these recommendations is Simulation.

Simulation can be regarded as imitation of particular operation of a real-world process, real world system within some specific period of time. Most times computers can be used in Execution of the simulation. Simulation can be used in different aspects such as in marketing, education, performance tuning.

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