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Naddika [18.5K]
3 years ago
13

"​generally, _________ is a​ company's most expensive promotional tool."

Business
1 answer:
Arada [10]3 years ago
7 0
"general, Personal selling is a company's most expensive promotional tool."
Personal selling is where business use people (the sale force) to sell the product after meeting face to face with the customer. the sellers promote the product through their attitude, appearance and specialist product knowledge.
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Calculate PV of a 10-year annuity discounted at 6% interest rate; PV = $11,040.13.

Explanation:

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Although you may know William Shakespeare from his classic literature, what is not well-known if that he was an astute investor.
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3 years ago
The following information pertains to Crane Company. 1. Cash balance per bank, July 31, $11,136. 2. July bank service charge not
Alexus [3.1K]

Answer:

1. Adjusted cash balance per bank $13,760

Adjusted cash balance per books $13,760

2. Jul-31

Dr Cash $2,560

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Explanation:

1. Preparation of a Bank reconciliation statement

at July 31, 2022

CRANE COMPANY

Bank Reconciliation

July 31,2022

Cash balance per bank statement $11,136

Add: Deposits in transit $4,544

Less: Outstanding checks ($1,920)

Adjusted cash balance per bank $13,760

Cash balance per books $11,264

Add: Electronic Funds transfer Received $2,560

Less: Bank service charge ($64)

Adjusted cash balance per books $13,760

2. Preparation of the adjusting journal entries at July 31 on the books of Crane Company.

Jul-31

Dr Cash $2,560

Cr Notes Receivable $2,560

Jul-31

Dr Miscellaneous Expense $64

Cr Cash $64

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It is less important to account for factors like warranties and durability when purchasing a
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Long-term product or b
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Joshua is retired. He lives on a fixed pension. His daughter Sue just bought a house. She has fixed rate of interest on her mort
Radda [10]
<h2>Joshua would lose and Sue would benefit from unanticipated inflation.</h2>

Explanation:

  • Both Joshua and Sue are associated with fixed pension and fixed interest respectively.
  • Now the value of money goes down due to inflation
  • So to live as usual, Joshua need to spend some extra money. But considering the fixed income, it's a lose to Joshua
  • Whereas Sue is associated with fixed interest of mortgage. She is benefited because, though the inflation has changed the value of all other products, but the fixed interest rate does not change.
  • "Fixed-rate mortgage holders are inflation winners", says "Thoma, professor of economics at the University of Oregon"
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3 years ago
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