Answer:
C. Interest Expense account is increased; the Interest Payable account is increased.
Explanation:
A secured interest can be defined as a legal right granted by a borrower to a lender (creditor) over a collateral (the borrower's property) which permits or allow the lender to have a right to possess the property as soon as the lender defaults in making payment. The payment which is expected to be made by the borrower of a mortgage loan is considered a secured obligation because it is a lien or an enforceable legal claim.
When interest is accrued on a note payable, but not paid, the Interest Expense account is increased; the Interest Payable account is increased.
Because they are most likely a professional and have knowledge of the specific activity from either college or doing it Him/Herself what they're doing when it comes to the aspect in which they are teaching training etc.Therefore they charge extra from prior knowledge of the activity.
<u>Answer:</u>
<em>Internal marketing efforts.</em>
<u>Explanation:</u>
The chain that links service firm profits with employee and customer satisfaction is service profit chain. - intangibility: cannot be seen, tasted, felt, heard or smelt before they're bought.
- Inseparability: services can't be separated from their providers.
- Variability: quality of services depends on who provides them and when, where and how.
- Perishability: services can't be stored for later use or sale.
<u>5 links: </u>
- <em>Internal service quality</em>
- <em>Satisfied and productive service employees</em>
- <em>Greater service value</em>
- <em>Satisfied and loyal customers</em>
- <em>Healthy service profits and growth</em>
The specialization of the following are:
1. Production Manager- oversees the overall production of goods that are being sold in the market.
2. Manager of the campus recruiting - oversees the overall recruitment of his/her staff in campuses.
3. Head of Sales - oversees the sales of the company from time to time
4. Director of Finance - oversees the cash-in (collection from sales) and cash-out (disbursement to maintain operation) of the company
5. President - oversees the overall performance of the company
