Costco wholesale corporation changed its generous return merchandise policy for electronic goods to 90 days and the company suggests having a receipt. why would such a policy change be necessary?

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Answer 1

Costco wholesale corporation changed its generous return merchandise policy for electronic goods to 90 days and the company suggests having a receipt. Such a policy change be necessary because -"This customer service was costing Costco money."

What is meant by return policy?

A return policy is a written document outlining the procedures for returning purchased products or services. These policies frequently include reimbursement information, return requirements, timeframes, and contact information for customer support.

Every return policy should include a few key points to help consumers know the limitations and allowances your company makes for returns. This section contains the "meat" of your return policy, as it describes how much you'll accept from customers and how you'll refund them.It's critical to inform your customers about how long those who have to return a goods. In general, 15-30 days is conventional, though some businesses prefer 90 days. In either case, accepting returns after that time will do you no favors.Customers will try to return goods months, even years after they've been purchased if a time frame for returns is not disclosed.

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Related Questions

______is defined as the ability to quickly focus while switching from a lower power lens to a higher power lens with a minimal amount of adjustment, using the fine focus knob only.

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Fine Adjustment Knob is the  ability to quickly focus while switching from a lower power lens to a higher power lens with a minimal amount of adjustment.

What is the Fine Adjustment Knob?

This is the term that is used to refer to the coarse adjustment knob. This is the knob that is used to bring the specimen that is to be used to be in sharp focus especially when the higher power lenses were in use.

Hence we can say that Fine Adjustment Knob is the  ability to quickly focus while switching from a lower power lens to a higher power lens with a minimal amount of adjustment.

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Sam's big bites, an american chain of burger stands, operates on all military bases in the united states. the agreement between sam's big bites and the department of defense is a(n)_________.

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A strategic alliance has been formed between Sam's Big Bites and the Department of Defense.

What is a strategic alliance?

Alliances and partnerships are a crucial component of business strategies for both large and small firms. Although many alliances start out with lofty goals and ambitions, not all of them end up being strategic.

An agreement between two or more parties to achieve a list of necessary agreed-upon objectives while maintaining autonomous organizations is known as a strategic alliance (sometimes called a strategic partnership).

The alliance is a cooperative or synergistic effort in which each member anticipates that the benefits of the alliance will outweigh the results of their separate efforts. Technology transfer (access to knowledge and skills), economic specialization, and alliances are frequently involved.

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The feeding relationships among the species in a community determine the community's?

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In order to describe species interactions, food webs are created. The primary objective of food webs is to describe the relationships between animals that are fed within a community.

What is Feeding Relationships?
Each ecosystem's organisms are connected through their ties with their food sources. In every ecosystem, there are a variety of feeding connections, but energy always moves from primary producers to different consumers. Food webs and chains serve as representations of these feeding Relationships. A food chain is a succession of living things that exchange energy through eating and being eaten. Here is a food chain illustration from the video.

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______ business processes are semidynamic, semiroutine, monthly business processes such as resource allocation, sales strategy, or manufacturing process improvements.

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Managerial business processes are semidynamic, semiroutine, monthly business processes such as resource allocation, sales strategy, or manufacturing process improvements.

What are managerial business processes?

Managerial business processes relate to the management of the resources of the company in order to achieve better manufacturing and sales.

For this reason, these practices will often be semidynamic and semiroutine in order to meet the demands of the business environment at the time.

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The utilization of a use that does not comply with local zoning for a particular parcel is known as what...?

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The utilization of a use that does not comply with local zoning for a particular parcel is known as Non-conforming Use.

What is Non-conforming Use?

When local governments alter zoning laws and grant exclusions to the existing property, the situation is referred to as a nonconforming use. Zoning is a crucial tool used by city officials, but frequently, new zoning regulations would not be accepted and would wreak havoc on specific people if they applied to the already-existing property. Without nonconforming use, a company might have to shut down entirely if its entire location is rezoned for residential use. City governments incorporate nonconforming use clauses into zoning laws that provide some exemptions for real estate constructed prior to the restrictions in order to avoid this situation.

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the school leader plans to meet with mr. roberts to review the data and letter. they plan to work together to develop an instructional improvement plan.

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Answer:

What is the question?

Explanation:

The inflation rate you are likely to hear on the nightly news is calculated from.

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The Consumer Price Index is used to determine the inflation rate that you will probably hear on the evening news. The monthly change in prices paid by American consumers is tracked by the Consumer Price Index (CPI). The Bureau of Labor Statistics (BLS) determines the CPI as a weighted average of prices for a range of goods and services that represents overall consumer spending in the United States.

The CPI is one of the most used measures of inflation and deflation.The producer price index (PPI), which tracks changes in the prices paid to US producers of goods and services, has a different survey methodology, pricing sample, and index weights than the CPI report.

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The rise in the importance of accountability and producing measurable results has led marketers to become less reliant on television advertising and shift funds to?

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The rise in the importance of accountability and producing measurable results has led marketers to become less reliant on television advertising and shift funds to alternative communication venues and methods.

A brand extension is when a corporation uses one in every of its established brand names on a brand new product or new product category. It's sometimes referred to as brand accountability stretching. The strategy behind a brand extension is to use the company's already established brand equity to assist it launch its newest product.

With some exceptions, products need some variety of packaging to cut back the danger of injury, breakage, or spoilage, and to extend the issue of stealing small products. a package also is an in-store advertisement that produces the merchandise attractive, displays the brand, and identifies features and benefits.

Second screen advertising builds on the growing trend of multi-tasking, which is commonly a blending of accountability entertainment and shopping. Direct procurement. the acquisition of products and services accustomed to creating the merchandise or service provided to end-users.

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The argentina fund has $745 million in assets and sells at a discount of 5.7 percent to nav. if the quoted share price for this closed-end fund is $13.33, how many shares are outstanding?

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 The number of share outstanding is the market value of the fund divided by the price per share, i.e.,

745 million *(1 - 5.7 %) / 13.33

Number of shares = 52703300.8252

What Are Shares Outstanding ?

Shares outstanding refer to the stock that a company currently has, including restricted shares held by insiders and institutional investors as well as share blocks held by institutional investors. On a company's balance sheet, outstanding shares are listed under the heading "Capital Stock."

In order to determine important measures for a company, including its market capitalization, profits per share (EPS), and cash flow per share, the number of outstanding shares is taken into account (CFPS). The number of outstanding shares of a firm is not constant and is subject to rapid changes throughout time.

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Do the wealthiest corporations receive a tax break in terms of a lower tax rate explain?

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No, They are frequently investors who make the majority of their income from dividends, which have already been subject to normal taxation before being subjected to personal taxation at a lower rate, which is what the general public sees.

A corporation: What Is It?

Unrelated to its owners, a company is a separate legal entity. Numerous legal rights and obligations apply to businesses just like they do to people. They are able to make agreements, lend and borrow money, file lawsuits and defend them, appoint personnel, possess property, and pay taxes. Corporate entities are sometimes referred to as "legal persons." Although the exact legal definition of a company varies from one state to the next, limited liability is usually the corporate form's most crucial feature. By receiving dividends and rising stock prices, shareholders can partake in the company's profits, but they are not personally responsible for the obligations of the business.

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Those services or goods that must be present for the guest to use the core product are called?

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The services or items that are necessary for a guest to use the core product are known as facilitating products.

Facilitating Products
Facilitating Products are extra items or services required for a consumer to use the main product satisfactorily. The accessibility of tourism services, or the hours during which they are accessible to customers, is a crucial Facilitating product. Parking lots or easy access to public transportation could be another.

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Which accounting assumption or principle is being violated if a company provides financial reports only when it introduces a new product?

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Going Concern accounting assumption or principle is being violated if a company provides financial reports only when it introduces a new product.

In accounting, a corporation is considered a going concern if it has the resources to operate indefinitely, unless it can prove otherwise. This phrase also describes a business's capacity to generate sufficient revenue to stay afloat or avert bankruptcy.

According to the Standard's definition of going concern, financial statements are prepared on a going concern basis until management has no realistic choice but to liquidate the firm, stop conducting business, or both.

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The equity of alliance company is and the total liabilities are . the total assets are ________.

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The equity of Alliance Company: $160,000

Total liabilities are $80,000.

Hence, The total assets are​ $2,40,000.

According to the accounting equation:

ASSETS= EQUITY+LIABILITIES

ASSETS= 1,60,000+80,000

ASSETS= $2,40,000

The total assets are​ $2,40,000.

Alliance Company: A business alliance is a contract between companies that are typically driven by cost savings and better customer service. Alliances are often managed by an integrated project team and are frequently constrained by a single agreement with a fair risk and opportunity sharing for all stakeholders.

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Complete Question: The equity of Alliance Company is $160,000 and the total liabilities are $80,000.

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When preparing a multi-product break-even analysis, the assumption is ordinarily made that the:________

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When designing a multi-product break-even analysis, the assumption is ordinarily made that the sales mix will not change.

Assumptions of Break-Even Analysis

Total fixed costs stay constant at all the outcome levels. All the price can be considered as either fixed or variable costs. Straight-line cost and payment behavior. Throughout the output level, the sales cost per unit is constant.

What is multi-product break-even analysis?

Break-even analysis for numerous products is made potential by calculating weighted average grant margins. The break-even point in units is equal to total fixed costs split by the weighted average contribution margin per unit (WACMU).

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The ratio of estrogen to progesterone remains constant throughout pregnancy into labor. false true

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False, The ratio of estrogen to progesterone does not remains constant throughout pregnancy. Estrogen levels rise and progesterone levels fall in preparation for labor to begin.

What is Estrogen and progesterone ?

The two key hormones in a woman's body are progesterone and estrogen. These steroid hormones are in charge of giving the body its unique female traits.

The ovaries are a pair of ova-producing organs that support the health of the female reproductive system by creating egg cells.

The ovaries are an endocrine gland that secretes hormones, notably estrogen and progesterone, that are essential for normal reproductive development and fertility in addition to their function in ova production.

Therefore, it is False that, The ratio of estrogen to progesterone remains constant throughout pregnancy into labor.

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Richards billed patients for $12,000 of services rendered. the appropriate journal entry to record this transaction is::______

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The appropriate journal entry to record this transaction is Debit cash/ credit capital stock. Simply put, you debit an asset or expense account and credit accounts payable when you record a bill or invoice. You debit accounts payable and credit cash when you pay the invoice.

Accounts Payable vs. Accounts Receivable

Basically, accounts payable, or AP, is the sum of money that a company owes to suppliers or other creditors. Accounts receivable, usually known as AR, is the term used to describe unpaid invoices for goods or services that customers owe you money for. As a result, each transaction generates accounts payable and receivable for the buyer and the seller, respectively. Accounts payable, which represents money owing, is seen as a current obligation in accounting.

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What side of the manufacturing overhead account is applied manufacturing overhead entered on?

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The side manufacturing overhead account that applied manufacturing overhead was entered on the credit side

This will be discussed in further detail below.

What exactly do we mean by "manufacturing overhead"?

In most cases, the total of all the indirect expenses that are spent throughout the process of producing a product is referred to as the Manufacturing Overhead Cost (MOH).

Along with the expenses of direct materials and direct labor, it is included into the total cost of the finished product.

To sum everything up, The credit side of the manufacturing overhead account is the side where the applicable manufacturing overhead was entered.

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The hawthorne studies, which showed that there is a dynamic social system in the workplace, took place in the 1960s. true false

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The correct answer is False. The Hawthorne investigations, which demonstrated that the workplace has a dynamic social system, were conducted in the 1960s.

Work relevance and autonomy are two of the five ideal criteria of a job design outlined by Hackman and Oldham. Giving employees more responsibility and variety in their work is a strategy for motivating them.

Giving employees work with more responsibility and autonomy is a part of job enrichment. By allowing an individual to make decisions without seeking management approval, responsibility can also hasten the working process.

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Marketing is an activity that creates value for customers, clients, partners, and society at large. a firm does this by?

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A consumer economy is driven by marketing, which influences marketing choices. By enabling businesses to supply the essential services and goods while also creating jobs that enable more people to buy more goods and services, it establishes a sustainable cycle.

The benefit of marketing for your company is that it engages consumers and helps them decide whether to purchase your goods or services. Additionally, your business plan's marketing strategy contributes to the creation and maintenance of demand, relevance, reputation, competition, etc.

One of the key reasons market value is significant is because it offers a clear technique for figuring out how much an asset is worth, eliminating any ambiguity or confusion. Customers and sellers frequently view a product's value differently in the marketplace.

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What common tax-saving methods are available to most individuals and households?

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Most people and households have access to the following standard tax-saving strategies benifit of tax credits, use tax exempt tax benefit of owning entity.

More about tax-saving:

Tax-saving methods begin with always considering your existing and potential tax rates when deciding when to receive income and when to pay taxable costs. Utilize any tax credits for which you are eligible. Contributions to tax-deferred retirement plans should be increased.

Consider tax-exempt investments, such as municipal bonds. Defer capital gains and accelerate capital losses, think about tax-free investments like municipal bonds.

Other Tax-saving methods are accelerate capital losses and defer capital profits. Profit from the tax advantages of running your own business, cnsider the tax repercussions before making large purchases, such a home or medical treatment, find all conceivable itemised deductions.

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The activities that are included in the operating activities section of the statement of cash flows are ________.

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The cash that comes into and leaves a company is included in the cash flow from operations, which is the first portion of the cash flow statement.

Operating cash flows also include changes in working capital, adjustments to net income, and net income itself.

The cash flow statement gives outsiders information about the financial health of an organization.

The declaration demonstrates a company's ability to effectively manage its finances and settle its debts.

Cash flow from activities, cash flow from borrowing, and investment are all included.

Cash Flow From Operating Activities: What Is It?

The quantity of cash moving through a business is known as its cash flow. This covers everything that enters and exits the business's financial accounts. Positive cash flows indicate that the company's assets are growing. The company's cash flows are negative when its outflows exceed its inflows.

Cash flows come in three different forms: those from investment, those from financing, and those from operating activities. The first section of a company's cash flow statement is the cash flow from operating operations portion. It is used to describe how a corporation spends its capital at any one time and where it gets its money from continuous normal business operations like sales and manufacturing.

Cash flow from operating =  Net Income + Adjustments to Net Income (non-cash items) + Changes in Working Capital

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Arguably, the largest and most effective public employee interest group in texas is made up of:________

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Arguably, the largest and most effective public employee interest group in texas is made up of teachers

This is further explained below.

What are teachers?

Generally, A person who assists pupils in acquiring information, competence, or virtue is referred to as a teacher, sometimes known as a schoolteacher or, more technically, an educator.

Informally the function of the instructor may be taken on by anybody.

In conclusion, The Texas Teachers Association is often considered to be the state's most powerful and influential public employee interest organization.

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Caroline is writing a business letter to a german client. what should she do as she prepares the letter?

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Caroline is writing a business letter to a german client.  She should "Observe the receiver's title and rank." as she prepares the letter

This is further explained below.

What is the business letter?

Generally, A letter sent from one firm to another, or from one of these organizations to its customers, clients, or other external parties, is known as a business letter.

The nature of the connection between the persons involved should be reflected in the tone of the letter overall.

A person or organization that seeks counsel or employs the services of a professional, such as a lawyer, accountant, advertising agency, architect, etc.

In conclusion, Caroline is now composing a formal letter of business correspondence for a customer in Germany. When she is preparing the letter, she needs to remember to "Observe the receiver's title and rank."

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The more inelastic the demand for a product, the more likely that the actual benefit of a subsidy granted on the product will:________

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The more inelastic the demand for a product, the more likely that the actual benefit of a subsidy granted on the product will: go to the sellers

This is further explained below.

What is the subsidy?

Generally,  A subsidy or government incentive is a sort of financial help or support provided to an economic sector typically with the objective of improving economic and social policies. Subsidies and government incentives are also known as tax breaks.

In conclusion, It is more probable that the real benefit of a subsidy that is provided on a product will go to the sellers when the demand for the product has a lower degree of elasticity.

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Sparks inc. has a growing ________ market in the u.s. consisting of individuals and households that buy sparks' products for personal use.

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Sparks inc. has a growing consumer market in the u.s. consisting of individuals and households that buy sparks' products for personal use.

What is a consumer market?

This refers to the type of market when all individuals purchase their products or services for their own personal use. It is opposed to buying it to sell themselves. This market consist primarily of products that people use as part of their everyday lives.

Therefore, this leads to the conclusion that Sparks inc. has a growing consumer market in the u.s. consisting of individuals and households that buy sparks' products for personal use.

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Major appliances, furniture, and clothing are typical examples of ________ products.

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Major appliances, furniture, and clothing are typical examples of Shopping products.

Consumers purchase goods from stores less frequently. Consumers frequently evaluate the qualities, costs, and styles of various things when buying. Shopping products are therefore more carefully contrasted with, and customers spend a lot more time considering alternatives than convenience products. Compared to convenience products, shopping products are supplied carefully, have fewer locations, and require human selling and advertising.

Consumer goods, often known as final goods, are items that are purchased by people or families for their own consumption. In other words, consumer products are those that the typical consumer purchases for personal enjoyment. There are four major categories of consumer items, each requiring a particular marketing strategy.

Examples of consumer product classification

Consumer goods are divided into four groups that are related to one another, namely:

Conspicuity goodspurchasing goodsSpecialty itemsUnwanted goods

Conspicuity items include

magazines and newspapersmost food and grocery productsSnacks, candy bars, and soft drinkstissues and painkillersmorning cereals, milk, and breadShampoo, soap, and toothpasteDetergents, dishwashing liquid, and cleaning supplies

Purchasing goods

ComputersMobile devicesEntertainment technology, such as a PlayStationHome furnishingsDishwashers and washing machinesClothingsporting goodskitchenware, including dishes, pots, and pansVarious restaurant optionslodging and air travelLuggageacquiring a petgoing to the gym

Specialty items

Architect built the home.a high-end vehicleunique jewelryOrganizing a marriagewedding gown

Unwanted goods

Lottery tickets Fundraising activitiesWhen necessary, counseling and personal assistance

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If the load is increased, the strain will also ___________. decrease not change increase resist change

Answers

If the load is increased, the strain will also increase.

What is load in stress and strain?

The stress – strain curve is derived  from the tensile test. Near  the elastic region of the graph the deformation formed  is direct proportional with the load. Dividing the load by the cross-section area keeping it  constant and the deformation by the original length (constant) takes  to a graphical representation .

Is strain a load?

Strain is a unit less  measure of how exactly an object becomes bigger or smaller from an applied load. Normal strain happens  when the elongation of an object is in contact to a normal stress.

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In considering how to allocate its scarce resources among its various members, a household considers.

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In considering how to allocate its scarce resources among its various members, a household considers option d) All of the above are correct.

What is Utility Maximization?

Utility maximization is known to be a method that is often used in the cat of modeling rational decision making in regards to economics.

Note that Scarcity is a term that connote the fact that there are little resources than are said to be required to fill human wants and needs.

Note also that these resources can be said to be land, labor or capital resources and as such, In considering how to allocate its scarce resources among its various members, a household considers option d) All of the above are correct which are:

a) Each member's abilities

b) Each member's efforts

c) Each member's desires

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In considering how to allocate its scarce resources among its various members, a household considers:

a) Each member's abilities,

b) Each member's efforts,

c) Each member's desires,

d) All of the above are correct.

If the sum of the debit column equals the sum of the credit column in a trial balance, it indicates.

Answers

It shows the mathematical equality of the accounting equation. When a trial balance balances, it is an indication that: debits equal credits.

Should the trial balance equal?

A trial stability is therefore a list of all the debit and credit score balances in the accepted ledger accounts. If all the man or woman double entries have been efficaciously carried out, the total of the debit balances need to always equal the total of the savings balances in the trial balance.

When a trial balance balances it is an indication that?

How a Trial Balance Works. Preparing a trial stability for a business enterprise serves to discover any mathematical errors that have occurred in the double-entry accounting system. If the whole debits equal the total credits, the trial stability is regarded to be balanced, and there must be no mathematical blunders in the ledgers.

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Problems associated with using expatriate employees include: _____.

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The problems associated with using expatriate employees include the following:

Failure to effectively manage the return of expatriates, ultimately reducing the organization's return on investment.Early turnover.High costs to the organization that sends its employees overseas as expatriates.

Who is an employee?

An employee can be defined as an individual who is statutorily employed by an employer of labor in a business firm, so as to perform specific tasks, duties or functions on a daily basis for a certain agreed fee (salary), that is usually paid at the end of the month.

Who is an expatriate?

An expatriate can be defined as a person who has citizenship in one country such as Germany, but lives and works for a business organization (company) in a foreign country such as Ghana.

Consequently, the problems that are associated with using expatriate employees include the following:

The failure to effectively manage the return of expatriates, which would ultimately reduce the organization's return on investment (ROI).Early or quick turnover.High costs of sending employees overseas as expatriates.

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Complete Question:

Problems associated with using expatriate employees include: (select all that apply)

increased bribery payments to partnering nations.

failure to effectively manage the return of expatriates, ultimately reducing the organization's return on investment.

early turnover.

high costs to the organization that sends its employees overseas as expatriates.

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a boy weighs 90 pounds on earth but 34.5 pounds on mars how much does a 600 pound man weigh on mars According to the interdependence principle, when faced with a decision, you should ask what? Cross braces help keep the deck posts straight. Find the measure of each angle. Valuate weather conditions, the condition of your vehicle and other risk factors, including_________, every time you drive. find the distance between the two points in simplest radical form. (-2,1) and (-8,-7) One major problem with early versions of the dsm was that most dsm categories were purely descriptive. a second major problem was that ____. The lowest salinity in the ocean occurs near the equator, where precipitation exceeds evaporation and the ________ biome is located? a swimming pool is 20m wide and has a diagonal length of 52m. how much shorter is it than a 50m long pool? Identify each study as either an example of positivism or interpretive sociology. A pediatric patient with a body mass of 75 pounds is prescribed Rohypnol for arrhythmia. The recommended dose is 3 mg per kilogram per day given in divided doses every six hours how many milligrams of propanol should be given for each dose With a ________ in the brake system, any fluid leak could mean the whole braking system fails. Evaluate the following expressions, assume the following declarations: int x = 4; int y = 9 / 2; int num = 6; num *= x y; what is the value of the num after expression is evaluated? why do plants excrete more carbon dioxide at night than during the day?A. Cellular respiration occurs only at night and not during the dayB. Cellular respiration occurs at a faster rate at night then during the dayC. Photosynthesis uses some of the carbon dioxide released during the day D. The light-independent reaction of photosynthesis that releases carbon dioxide occurs at night Rosario is adopted as an infant and then meets his biological parents. generalizing from the behavioral genetic findings, rosario is apt to be more like:__________ Which equation represents the graph of this function? _A ) f(x)= x 4 ____B) f(x)= x + 4 ____C) f(x)= x - 4 _D) f(x)= x + 4 Exercise 1 Underline the adverb clause in each sentence. You will see a gas station wherever you look in that city. _____ often function as standards or procedures to be used when configuring or maintaining systems. The strength of the economy of singapore is based largely on its lack of corruption and generous government support for new businesses. how do you suppose its neighbors view the small island nation? Which of these statements would the author of this cartoon most likely support? members of the clergy enjoyed the most privilege of any estate. the people of france were treated unfairly in the old regime. absolutism was the best form of government. there was little need for government reform. A psychologist is attempting to establish the causal effect of a particular variable. the psychologist is most likely conducting:________