Tecom Had Net Sales of $315,000 and Average Accounts Receivable

question 34

Essay

Tecom had net sales of $315,000 and average accounts receivable of $75,600. Its competitor, ZCom, had net sales of $299,000 and average accounts receivables of $81,350. Calculate the accounts receivable turnover for both companies. Which company is doing a better job of managing its accounts receivables?

Recognize how consumers maximize utility within the constraints of their budget.

Identify the role of the consumer demand curve and its relationship with marginal utility.

Understand the concept of indifference curves and how they illustrate consumer preferences.

Grasp the significance of budget constraints in consumer choice.

---

Definitions:

Service Quality

The assessment of how well a delivered service meets the customer's expectations and the difference between perceived service and expected service.

Dimensions

Refers to the measurable attributes of an object, including height, width, depth, and length.

Intangibility

A characteristic of services that means they cannot be seen, touched, tasted, or measured in the same manner as physical goods.

Marketers

Professionals responsible for promoting and selling products or services, including market research and advertising strategy development.