Which of the following is a low-interest loan funded by the U.S. Department of Education?
A. Stafford
The Stafford Loan is a low-interest loan that is offered by the Department of Education. This loan is given to students in college and allows them to be able to afford college tuition. By giving these low-interest loans to students, they are more likely to attend college then if they were paying out of pocket for schooling.
The most accurate statement about marketing is that <u>B) It can help </u><u>create jobs </u><u>in the </u><u>economy </u><u>by </u><u>increasing demand </u><u>for </u><u>goods </u><u>and </u><u>services</u><u>.</u>
Marketing refers to the various methods a company is able to advertise itself and its products such that more people will becoming interested in it thereby leading to an increase in demand for their goods and services
If this happens to a company, they will be able to make more profit which will allow them to expand. Expansion needs more employees to work so the company will have to hire more people thereby creating jobs in the economy.
Other options are wrong because:
- Marketing is always important, even when goods are standardized
- Marketing has an impact on the intangible assets of a company especially goodwill
- Marketing is more important to smaller firms than larger ones
In conclusion, marketing leads to increased employment in an economy.
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<u>Options for this question include:</u>
A) It is of little importance when products are standardized.
B) It can help create jobs in the economy by increasing demand for goods and services.
C) It helps to build a loyal customer base but has no impact on a firm's intangible assets.
D) It is more important for bigger organizations than smaller ones.
Answer:
Revenue - 2016 = $60000
Explanation:
The accrual basis of accounting which follow the accrual principle states that the revenues and expenses for a period should match and should be recorded in the periods to which they pertain to. This means that even if a revenue has been earned and not yet received in cash, it will be recorded in the period in which it is earned.
To calculate the firm's revenue, we will use the following equation.
Revenue for the period = Closing Balance of Accounts receivable + Receipts - Opening Balance of Accounts receivable
Revenue - 2016 = 100000 + 30000 - 70000
Revenue - 2016 = $60000
Renting is is leasing the home monthly for a certain amount & buying is paying in full with mortgage to own the home