Cheri drives into Domestic Auto Service and asks to have a tire replaced on her car. Domestic replaces the tire. Before cheri pays for it, any contract between them is
executed.
executory.
void.
unenforceable.
Answers
Cheri pulls into Domestic Auto Service and requests that a tire be changed for her vehicle. Domestic changes out the tire. Any contract between them is executable before Cheri pays for it.
Intangible acts or uses that a customer, business, or government is willing to pay for are referred to as services. [1] As examples, consider the work performed by barbers, physicians, attorneys, mechanics, banks, insurance companies, and others. Cheri pulls into Domestic Auto Service and requests that a tire be changed for her vehicle. Domestic changes out the tire. Any contract between them is executable before Cheri pays for it.
Public services are those that the entire community (a nation-state, fiscal union, or region) is responsible for funding. Consumers of services gain from service providers' use of resources, expertise, ingenuity, and experience. Services can be regarded as intangible acts or performances in which the provider adds value for the client.
Learn more about services here
https://brainly.com/question/29457094
#SPJ4
Related Questions
when plotting a demand curve price is on the vertical axis. price is on the horizontal axis. quantity demanded is on the vertical axis. quantity supplied is on the vertical axis.
Answers
The answer of the given question is option A which is price is on the vertical axis.
In economics, a demand curve is a graphic representation of the relationship between a product's price and the amount that is wanted. The graph is built with amount demanded on the horizontal axis and price on the vertical axis. The link between a good's price and quantity required is represented by the demand curve. As a result, option (D) is eliminated, and since quantity always sits on the X-axis, or the horizontal axis, and price always rests on the vertical axis, option (C), with the price on the vertical axis, is the only choice that makes sense.
Price and quantity demanded are inversely related, hence the demand curve is depicted as sloping downhill from left to right (i.e., the lower the price of a product, the higher the demand or number of sales).
learn more about demand curve here
https://brainly.com/question/14685740
#SPJ4
How long does a speeding ticket affect your insurance?.
Answers
Answer:
well I think it's about 5 years
Refer to Figure 34-7. If the economy is at point b, a policy to restore full employment would be a. an increase in taxes. b. a decrease in government purchases. c. an increase in the money supply. d. All of the above are correct.
Answers
Figure 34-7 illustrates the relationship between the aggregate demand and aggregate supply curves. Point b represents a situation where the economy is operating below full employment. In order to restore full employment, policymakers need to implement policies that will increase aggregate demand. Option c is correct.
An increase in taxes would reduce disposable income, thereby reducing consumption spending and aggregate demand. Therefore, option a is not correct. A decrease in government purchases would reduce government spending, which would also reduce aggregate demand. Therefore, option b is not correct. An increase in the money supply would lower interest rates, which would stimulate investment and consumption spending. This would increase aggregate demand and could help restore full employment. Therefore, option c is correct.
Option d, "All of the above are correct," is not correct as options a and b would actually reduce aggregate demand, making it less likely to restore full employment. In conclusion, if the economy is at point b, a policy to restore full employment would be to increase the money supply. This would stimulate investment and consumption spending, thereby increasing aggregate demand and helping to restore full employment.
For more such questions on aggregate demand
https://brainly.com/question/1490249
#SPJ11
A new project will cost $10,400 and will produce expected cash flows of $4,500, $6,600, $3,800, and $1,200 over the next four years, respectively. What is the payback period?
Group of answer choices
1.89 years
3.47 years
1.20 years
2.61 years
2.61 years
Answers
The payback period is the duration it takes for an investment to generate sufficient cash flows to pay back its initial expense. The payback period is generally expressed in years and does not account for the time worth of money.
To calculate the payback period, you may add the cash flows until you have recovered your initial investment. A new project will cost $10,400 and will produce expected cash flows of $4,500, $6,600, $3,800, and $1,200 over the next four years, respectively. Let us calculate the payback period.
At the end of year 1, you will recover $4,500 out of your total investment of $10,400.
At the end of year 2, you will recover $4,500 + $6,600 = $11,100 out of your total investment of $10,400.
At the end of year 3, you will recover $4,500 + $6,600 + $3,800 = $14,900 out of your total investment of $10,400.
At the end of year 4, you will recover $4,500 + $6,600 + $3,800 + $1,200 = $16,900 out of your total investment of $10,400.Therefore, the payback period is 2.61 years (between year 2 and year 3).The correct option is option D) 2.61 years.
Learn more about payback period here:
https://brainly.com/question/28304736
#SPJ11
Question 1
25 pts
Client 1: When I was three years old, I started making candy with my grandrłother.
I am now 10 and I want to sell chocolate candy with a farm theme to my friends and
family. My product ideas include Brown Cows (chocolate cows on a stick), Pigs in
Mud (marshmallow dipped in caramel, nuts and chocolate) and Farm Eggs (jelly
beans dipped in chocolate). The start-up expenses for my business are pretty small: a
few candy molds, candy and chocolate.) My parents have agreed to loan me the
money I will need and to let me work in the family kitchen. Schoolwork has to take
priority over business so if I have more sales than I can handle, I will probably ask
friends or my older brother to help. My brother is also pretty good at math and
computers so he could help me with keeping track of my expenses and advertising. I
really like the product development and packaging part of the business.
Answers
Answer:
This is an absolutely great idea. The only problem is where are you planning to hold your Business? Where are you selling these candies? How will you spread the word? What can you do to make sure people come back and want more of your product?
Explanation: I always wanted to sell candy when I was little but never pulled the trigger on it. For starters I think you should make the names a bit more of a friendly connotation so people don't assume the worst of your product. Your best bet to sell your items and candies would be at school. Now to be honest more kids are carrying money around now than they ever had when I was in elementary-middle school. This is your best bet. Make sure when you are selling your candies to not go in debt with your business, so many people I know tried this and failed because they put way more money then they were making because they thought it would pay off. Yes sometimes take the risk but almost always if your just trying to make a couple bucks, take it easy and sell for a reasonable price. If it costs about $10 to make "Brown Cows" for about 20 people then sell each brown cow for $1.25 per stick. If you have 20 people who are willing to buy you would make 15 dollars profit. Final thing is actually finding people to sell to. Most people go at these type of things alone which I think is a great idea. But if you want to get the word out even more tell a popular kid that you will pay him 5 for every 20 "Brown Cows" he sells. You can really pay him anything you want as long as your not going over your profit margin! Good luck and I would love to know how this goes!
An experiment must have a placebo group in order to be valid.a. Trueb. False
Answers
Answer: True
Explanation:
Note that common tasks are listed toward the top, and less common tasks are listed toward the bottom. According to O*NET, what are common tasks performed by Film and Video Editors? Check all that apply. Marketing and selling movies and films to customers giving direction to actors to make sure they follow scripts organizing and stringing together raw footage into a whole determining the audio and visual effects and music needed reviewing assembled films or edited videotapes trimming film segments and reassembling segments.
Answers
Answer:
C D E F
organizing and stringing together raw footage into a whole
determining the audio and visual effects and music needed
reviewing assembled films or edited videotapes
trimming film segments and reassembling segments
Answer:
a, c, e
Explanation:
HOW do stock prices go up? I understand that if more people are buying that stock, the demand is higher, so the share price increases, but who/what controls when the number that shows the price on yahoo changes?
Answers
When a large number of people begin to invest in a particular share, the demand for that share increases, and its prices begin to rise. If a large number of people want to sell a particular stock at the same time, supply will increase and prices will fall.
What causes Stock Prices to change and Increase?Market forces cause stock prices to fluctuate on a daily basis. This means that share prices fluctuate due to supply and demand. When more people want to buy a stock than sell it (demand), the price rises. If more people wanted to sell a stock than buy it, there would be more supply than demand, causing the price to fall.
Having said that, the main theory is that a stock's price movement indicates what investors believe a company is worth. We should not confuse a company's worth with its stock price. A company's worth is determined by its market capitalization, which is the stock price multiplied by the number of shares outstanding.
Read more about Stock Prices
brainly.com/question/26128641
#SPJ1
Is KFC multinational or transnational?
Answers
KFC is a multinational corporation, and not a transnational corporation.
A multinational corporation can be referred to or considered as one of the companies, wherein the operations of the business are located in at least two countries. The expansion of a multinational corporation is always subjected to the foreign policies in the countries of operations.
As KFC has its headquarters in the United States, but has its operations in more than one country, it is a multinational corporation, and not a transnational corporation.
Learn more about Multinational corporation at:
https://brainly.com/question/29544762
#SPJ4
ARTICULATE THE MAJOR APPLICATIONS OF DEMAND AND SUPPLY TOOLS IN DIFFERENT TYPES OF MARKETS . REFERENCE SHOULD BE MADE TO ANY EMERGING ECONOMY OF YOUR CHOICE.
Answers
Answer:
Demand and supply are important tools for formulating an economy. The major role is played by demand and supply function in an economy. Demand and supply of a product decides the price for it.
Explanation:
Demand and Supply of a product is set in order to achieve equilibrium in an economy. If demand for a product is higher than its supply then it will create burden on its price and prices for the product will increase. If the supply for a product is high and demand is low then the prices will decline as customer will have sufficient supply to buy from and they will buy at lowest possible price.
What are the similarities and differences between the way that professor porter discusses profits in business and the way that profits are discussed in the unit?
Answers
Porter asserts that a firm's investment value in terms of long-term return on investment depends on how potential sector entrants, customers, replacement goods, suppliers, and rival businesses interact.
More about Porter:
Twenty books and numerous essays by Michael Porter, including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition, have been published. Among the most important management and competitiveness theorists in the world, Michael Porter founded the modern strategy area.
Professor Porter is the most referenced author in business and economics and a six-time recipient of the McKinsey Award for the best article published in the Harvard Business Review during the year.
Learn more about Michael Porter here:
https://brainly.com/question/5325847
#SPJ4
When a company sends a packet of information and forms prior to the
interview, be sure to
a. leave it at home since it is not needed at the interview
b. take the entire packet with you to the interview
c. bring information about competitors to the interview
d. bring your salary and benefit requirements to the interview
Answers
When a company sends a packet of information and forms prior to the interview, it is essential to understand the purpose of the materials and how they will be used during the interview process. The best course of action in this situation is to (b) take the entire packet with you to the interview. This will demonstrate your preparedness and professionalism, while also ensuring that you have all necessary documents readily available.
Bringing the packet allows you to reference specific information during the interview, which can help to showcase your knowledge and familiarity with the company and its operations. Leaving the packet at home (a) would be unwise as it may contain important information needed during the interview process. Meanwhile, bringing information about competitors (c) or your salary and benefit requirements (d) may be seen as inappropriate or presumptuous at this stage of the interview process.
In conclusion, it is important to review the materials provided by the company prior to the interview and bring the entire packet with you to demonstrate your preparedness and professionalism. Doing so will help to make a positive impression on the interviewer and increase your chances of success in the hiring process.
To know more about interview process, visit:
https://brainly.com/question/30667689
#SPJ11
When should a person proceed with a
choice in terms of marginal benefits
and cost?
O when the market is high
O when there is no difference
O when the benefits outweigh the
cost
Answers
Answer:
when the difference outweighs the cost
job a3b was ordered by a customer on september 25. during the month of september, jaycee corporation requisitioned $2,500 of direct materials and used $4,000 of direct labor. the job was not finished by the end of september, but needed an additional $3,000 of direct materials and additional direct labor of $6,500 to finish the job in october. the company applies overhead at the end of each month at a rate of 200% of the direct labor cost incurred. what is the balance in the work in process account at the end of september relative to job a3b? a) $5,500 b) $11,500 c) $6,500 d) $9,500 e) $14,500 group of answer choices
Answers
WIP = DM+DL+OHC
=3500+5000+(5000*100%)
=13,500
TJC=WIP+DM+DL+OHC
=13500+4000+7500+(7500*100%)
=32,500
What does labor mean in the context of a job?Labor is the effort that people put forth in the creation of goods and services. We take all employees into account when we refer to them as workers. It also denotes work, particularly physical work. The phrase relates to paying employees, as in "The repairs cost me $40 + $20 for labor."
Is labor work a skill?Work in physical jobs like construction, manufacturing, and housekeeping requires a wide range of skills called general labor skills. Work like cleaning, moving, and landscaping are made easier for general laborers by these talents.
To know more about labor visit:
https://brainly.com/question/24030479
#SPJ4
Donald is a business development executive in a big retail company based in Omaha. His company now wants to expand and has sent Donald as their representative. Donald is also authorized to deal and negotiate with different vendors directly and in his own capacity. What role is Donaldplaying as per the contract law?
Answers
Answer:
C. Agent
Explanation:
Agent Law- the agent deals with third parties on behalf of the company in a contract and the company defines the control an agent can exert
when a subdivision was developed, a deed restriction covering all the properties set aside the back six feet of each parcel as a combination green belt area and bicycle path. a property owner has converted the back one-half of his yard, including this set-aside space, into an organic garden. what, if anything, can be done to enforce the deed restriction?
Answers
All that can be done to enforce the deed limitation is to go to court in an attempt to get compensation.
A deed is a piece of writing made to serve as written evidence of an event and will be signed by the parties concerned. In addition, the Deed can also be interpreted as a letter drawn up in such a way by or before an authorized employee such as a prosecutor, judge, or notary so that it can be sufficiently strong evidence for both parties. The deed is made to be used as evidence of important events and will be signed by the parties concerned. Deeds are divided into two, namely official deed (authentic) and underhanded deed.
An Underhand Deed is a deed that is not too binding because it is only made by the people who are in dispute and usually will be added to the signature of the witness so that the deed becomes a little stronger.Official deed is a deed made officially by a public official.Learn more about deed here brainly.com/question/28026071
#SPJ4
reasons for bank faliure
Answers
Answer:
an imbalance of risk versus return,
failure to diversify,
offering products and services that management doesn't fully understand, and.
poor management of risks.
Explanation:
mark brainleist plz
what is an imaginary line that extend horizontally from east to west in a globe?
Answers
Answer:
The imaginary east-west horizontal lines, which run parallel to the equator, are called Latitudes or Parallels.Answer:
The imaginary horizontal lines running in east-west direction on the Earth's surface are known as Latitudes or parallels of Latitude as they are Parallel to each other.
Explanation:
Gillian is a real estate licensee who attends a party at the home of a mortgage broker, Tim, with whom she has worked in the past. At the party, Tim offers her tickets to a concert, saying that he can’t use them. She accepts gladly, and laughs when Tim says as he hands the tickets over, "And all I ask in return is that you send a customer or two my way!" Is Gillian guilty of a violation? Unset starred question No, but Tim is. No, there is no violation. Not unless she neglects to disclose the exchange and the value of the tickets to her broker within three days. Yes, Gillian is guilty because she has accepted what is essentially a referral fee from a mortgage broker.
Answers
Answer:
Yes, Gillian is guilty because she has accepted what is essentially a referral fee from a mortgage broker.
Explanation:
Real Estate Settlement Procedures Act (RESPA) are a set of guidelines for licencing agents and real estate agents that is aimed at bringing transparency to settlement costs of properties.
It prohibits referral fees and kickbacks with the view of reducing final closing price to consumers.
In the given scenario Tim offers Gillian tickets to a concert, saying "And all I ask in return is that you send a customer or two my way!"
This is considered to be a referral fee which is in violation of RESPA.
Provider ________ is the discrepancy between the development of customer-driven service standards and actual service performance by company employees. group of answer choices
Answers
Provider ________ is the discrepancy between the development of customer-driven service standards and actual service performance by company employees.
The term that completes the statement is "gap." Provider gap refers to the difference or discrepancy that exists between the development of customer-driven service standards and the actual performance of those standards by employees of a company. It represents the gap or misalignment between what customers expect from a service and what is actually delivered.
Provider gap can occur due to various reasons, including inadequate training or resources provided to employees, poor communication between management and frontline staff, lack of employee empowerment to resolve customer issues, or insufficient feedback mechanisms to capture customer expectations and experiences.
To address provider gap and improve service performance, companies need to focus on closing the gap between customer expectations and actual service delivery. This can be achieved through effective training programs for employees, clear communication of service standards and expectations, empowerment of employees to meet customer needs, regular monitoring and measurement of service performance, and actively seeking customer feedback to identify areas for improvement. By closing the provider gap, companies can enhance customer satisfaction, loyalty, and overall service quality.
learn more about employees here:
https://brainly.com/question/18633637
#SPJ11
a financial plan is most influenced by
Answers
Answer: priorities and goals
Explanation: because
The financial plan is most influenced by priorities and goals Option(b) is correct.
What does Financial Plan means?Overall utilization, a financial plan is a complete assessment of a singular's ongoing compensation and future financial state by utilizing current known factors to foresee future pay, resource values and withdrawal plans.
In business, a financial plan can allude to the three essential financial assertions monetary record, pay explanation, and income proclamation) made inside a field-tested strategy. Financial estimate or financial plan can likewise allude to a yearly projection of pay and costs for an organization, division, or division.
A financial plan can likewise be an assessment of money needs and a choice on the most proficient method to raise the money, like through getting or giving extra offers in an organization A financial plan might contain forthcoming financial explanations, which are comparative, however unique, than a financial plan. Financial plans are the whole financial bookkeeping outline of an organization. Complete financial plans contain all periods and exchange types.
Therefore Option(b) is correct.
Learn more about Financial plan here:
brainly.com/question/1489472
#SPJ5
What is the education level of a majority of the Power, Structural, and Technical Systems workers?
associate’s degree or vocational school degree
bachelor’s degree or apprenticeship
bachelor’s degree or master’s degree
master’s degree or vocational school degree
Answers
The education level of a majority of Power, Structural, and Technical Systems workers is typically an associate's degree or vocational school degree. Hence option A is correct.
What is the education level about?Power, Structural, and Technical Systems workers are responsible for installing, maintaining, and repairing the systems that provide power, heating, ventilation, and air conditioning to buildings and other structures. This can include electrical systems, plumbing systems, and HVAC systems.
These workers typically have a background in a technical field, such as electrical work or plumbing, and may have received their training through an associate's degree program or vocational school. Some may have completed an apprenticeship to gain hands-on experience in their field.
While a bachelor's degree is not strictly necessary for many of these jobs, it can be beneficial for career advancement or in specialized roles, such as in management or design. Master's degree is less common in this field.
Learn more about education from
https://brainly.com/question/4528190
#SPJ1
identify the environmental factors that may impact your
marketing process
Answers
The environmental factors that can impact your marketing process are political, economic, social, technological, legal, and environmental changes.
Environmental factors can affect your marketing process. Environmental factors include political, economic, social, technological, legal, and environmental changes that impact your marketing activities. Political factors are a critical aspect of the environment, including government regulations, policies, and trade agreements. These policies may affect your marketing activities, such as taxes on imported products or restrictions on advertising. Economic factors such as interest rates, inflation, and income levels can also affect the demand for products. A recession can lead to reduced demand, while an economic boom can lead to increased demand. Socio-cultural factors, such as attitudes and beliefs, are also important environmental factors. Technological advancements, such as online shopping and social media, have transformed the way consumers engage with brands. Legal factors, including consumer protection laws and intellectual property rights, can affect the marketing process as well. Lastly, environmental factors, including climate change and sustainability, are emerging as significant factors that influence consumer behavior and preferences. Therefore, it is important to consider these environmental factors while creating a marketing plan to adapt to the changing environment.
Learn more about technological here:
https://brainly.com/question/11447838
#SPJ11
What are the 4 investment strategies?
Answers
Value investing, growth investing, momentum investing, and dollar-cost averaging are the four investment strategies.
A set of guiding principles is appertained to as an investing strategy. Depending on your threat forbearance, investing style, long- term fiscal goals, and availability to finances, there are colorful investing strategies you can use. Investment tactics can be changed.
You can adjust your choice if it does not work with your schedule or threat forbearance. still, switching investment doctrines has a price. It's possible to induce taxable events each time you buy or vend shares, especially when doing so snappily innon-sheltered accounts. After your investments have lost value, you can also come to the conclusion that your portfolio is unsafe than you'd want.
To know more about investment strategies :
https://brainly.com/question/3897957
#SPJ4
Investment supervisors have various methodologies — or 'investment strategies' — to meet the targets of their portfolios. They assume a key part in deciding what's to come dangers and returns related with the portfolio.
An investment supervisor might change their technique as indicated by economic situations, and may utilize a mix of styles and strategies.
At a significant level, the most widely recognized strategies for investing are:
Development investing
Development investing centers around choosing organizations which are supposed to develop at a better than expected rate in the long haul, regardless of whether the offer cost shows up high. Sorts of development investments can incorporate more modest organizations, developing business sectors, recuperation offers, web and innovation stock.
Esteem investing
This technique depends available overcompensating to great and terrible news, bringing about limits of stock cost developments which don't be guaranteed to match an organization's drawn out standpoint. Investors purchase stock when the cost is low and sell when it increments.
Quality investing
Quality investing centers around organizations with extraordinary quality attributes, for example, validity of the administration or dependability of the monetary record. A quality portfolio can contain both development and worth credits.
List investing
Record investing is otherwise called detached investing; zeroing in on making a portfolio of resources intended to match the profits of a market file. The resources held by the portfolio will be completely characterized by the parts of the chose record.
Purchase and hold investing
Purchase and hold investing centers around buying protections and holding these for an extensive stretch of time (typically numerous years) to accomplish returns.
to know more about investment click here:
https://brainly.com/question/25790997
#SPJ4
In a free market, as illustrated in the diagram, the unexploited gains from trade are greatest when: 40 units are sold at a price of $4. 50 units are sold at a price of $3. 60 units are sold at a price of $4. 60 units are sold at a price of $2.
Answers
The unexploited gains from trade are greatest when 60 units are sold at a price of $4. In a free market, the demand and supply curves intersect at the equilibrium point, where the quantity demanded equals the quantity supplied.
When the price is too high or too low, there is a surplus or shortage of goods, respectively. In the given options, only the combination of 60 units sold at a price of $4 is at the equilibrium point, indicating that it is the most efficient point of trade where both consumers and producers can benefit. This situation reflects the importance of market efficiency in maximizing the gains from trade, as a free market system rewards those who are able to allocate resources most efficiently. Therefore, 50 units sold at a price of $3 provide the greatest unexploited gains from trade in a free market, as this scenario balances the interests of both buyers and sellers.
To Know more about Supply Visit:
brainly.com/question/28902020
#SPJ11
Write the name of any five organic fertilizers and describe any one them.
Answers
One example of an organic fertilizer is compost. Compost is made from decomposed organic materials such as kitchen scraps, yard waste, and other biodegradable materials.
What is Fertilizers?
Fertilizers are substances added to soil or other growing mediums to provide essential plant nutrients that are deficient or absent in the soil. They are used to enhance the growth, yield, and quality of crops, and can be organic or inorganic in nature. Fertilizers contain essential plant nutrients such as nitrogen, phosphorus, and potassium, as well as other secondary and micronutrients that are important for plant growth and development. The use of fertilizers can help increase agricultural productivity and improve food security, but it is important to use them responsibly to minimize negative impacts on the environment.
Compost
Manure
Bone meal
Fish emulsion
Blood meal
Learn more about Fertilizers from the given link
https://brainly.com/question/27428418
#SPJ9
40 points
Why is hospitality important in business?
2. What types of things does a hospitality manager do?
3. What courses or information would be helpful for a hospitality manager?
4. What do you think you'd like best about working as a hospitality manager?
Answers
Answer:
Hospitality provides essential services (i.e., lodging and food) for travelers, whether they are on the move for reasons of necessity, leisure or luxury. Hospitality is a major factor in every vacation and business trip, and is thus important to individual customers and to businesses.
the marginal product of labor may increase rapidly initially as more group of answer choices total product is decreasing. workers will get crowded in a fixed factory. the amount of other inputs is held constant. workers are able to specialize.
Answers
The marginal product of labor may increase rapidly initially as more D. workers are able to specialize.
When workers are able to focus on specific tasks within the production process, they can develop expertise and improve their efficiency, leading to a higher output per worker. This results in an increase in the marginal product of labor, which is the additional output produced by one more unit of labor while keeping the amount of other inputs constant (C).
However, as more and more workers are added to the production process, the marginal product of labor may begin to decrease due to the law of diminishing returns. This occurs because the fixed factory space (B) becomes crowded, and workers might face difficulties in coordinating their efforts, leading to reduced productivity.
In summary, the marginal product of labor increases rapidly initially as workers specialize in specific tasks, and the amount of other inputs is held constant. However, it may eventually decrease as the fixed factory space becomes crowded, leading to coordination challenges among workers. Therefore, the correct option is D.
The question was incomplete, Find the full content below:
the marginal product of labor may increase rapidly initially as more group of answer choices
A. total product is decreasing.
B. workers will get crowded in a fixed factory.
C. the amount of other inputs is held constant.
D. workers are able to specialize.
Know more about Marginal product here:
https://brainly.com/question/14867207
#SPJ11
The aging method of estimating uncollectible accounts is based on the assumption that the longer an account receivable remains outstanding, the less likely it is to be collected. This statement is
Answers
Answer:
This statement is true.
Explanation:
The aging method of estimating uncollectible accounts is a method that is used to calculate the amount of counts receivable of a company that may not be collected.
Under the aging method, invoices of customers that are yet to be paid are sorted by invoice date into about four columns, and invoices with longer days assumed to be less likely to be collected.
For example, a company may have current invoice not yet due in the first column with 25% not likely to be collected; the invoice amounts that are 1-30 days past due in the second column with 50% not likely to be collected; the invoice amounts that are 31-60 days past due in third column with 75% not likely to be collected; and the invoice amounts that are 61 and above days past due in the fourth column with 100% not likely to be collected.
Based on the explanation above, it is therefore true that the aging method of estimating uncollectible accounts is based on the assumption that the longer an account receivable remains outstanding, the less likely it is to be collected.
What is the name for the process that marketers use to plan, develop, execute, and evaluate coordinated, measurable, persuasive brand communication programs over time to target audiences?
Answers
Answer:
Integrated Marketing Communication
Explanation:
As the name implies, the concept of integrated marketing communication is aimed at leveraging the power that comes with the synergy between different marketing and communication tools and services such as consistent and repetitive advert placement, sales and promotional offers, coordinated and friendly marketing campaigns, and son on, all these carefully and strategically tailored towards the gradual and steady capture of a specific target audience over a certain period of time. These integrated marketing strategy or procedure is aimed towards such audience so that it would cover all aspects of the consumers wants in other to ultimately impact their deciak making and adoption of the product or services.