Answer:$61,000
Explanation:
Implicit cost is the value of the benefit or income forgone to take up another activity. In this example for the business it's the wages and interest income forgone by the person to start the business.
Answer: Foot in the door
Explanation:
A. In Ingratiation one tries to influence the respondent by using flattery or compliments etc.
B. In Door-in-the-Face technique the influencer first make a big request followed by a small one that the respondent will most likely accept.
C. In need satisfaction the influencer first try to understand the needs of the respondent and then make his move as per the observations made.
D. In foot in the door first a small request is made which the respondent will most likely accept and then the crucial request is presented before the respondent.
E. In Adaptive Selling the technique of changing behavior is used as per the changing requirements.
Hence, from the above we can conclude that Charlotte used foot in the door.
Answer:
See explanation section
Explanation:
To record the journal entry to write off the uncollectible account according to the direct write-off method, we have to use bad dad expanse instead of an allowance account.
December 31 Bad Debt Expense Debit $1,200
Account receivable - Acme, Inc. Credit $1,200
Note: As the company did not get the money from the Acme, Inc., They treated the expense as irrecoverable.
Answer:
B. Batch-level activity
Explanation:
A purchase order is is document issued by a seller to a buyer that indicates types, quantities, and agreed prices of products to be delivered. It is used to discourage purchase of product from other users.
Purchase order is a legally binding document. It provides a better way to keep track of inventory and payment for goods and services.
It is a batch level activity because it involves sale of large batches of products.
Answer: C. Corporate-level
Explanation: Corporate-level strategy are strategies Implemented by most Corporations in order to set a strategic agenda for the organization. Most Corporate level strategy are meant to be implemented in all units and areas of a business organization. Corporate-level strategy are dynamic in nature,they can be changed based on prevailing market conditions which may pose some threat to the full Implementation of the strategy, Corporate-level strategy are also meant to last a long time.