Direct PLUS loans are taken out by

Which of the following is an unexpected expense?

olga55 [171]

Probably a hospital bill or groceries

4 0

3 years ago

Melissa, a salesperson for a cosmetics company, is selling the company's new range of anti-acne products. While selling to prosp

Jlenok [28]

Answer:

Success story commitment technique

C

Explanation:

As a sales person, the primary reason for setting to work is to drive an increase in the sales made by the employer. Hence, sales persons are the ones directly involved and immersed in getting the company shore up its revenue through sales.

To achieve an increment in the sales made by a company, there are several techniques employed by the sales person in order to boost the sales of the products. One of such techniques is referred to as success story commitment technique.

How does this work?

A sales person seeking to apply the approach to a customer purchasing the goods brings out a story about how a person or customer that previously made a purchase had a problem that looks like the problem the present potential buyer is having. The convincing works by telling the potential buyer that the former buyer used the product to solve the problem or issue the present buyer is having and how it worked for him/her. The potential buyer may be convinced by this approach to then purchase the goods

3 0

3 years ago

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If the optimal forecast of the return on a security exceeds the equilibrium return, then _______.A. the market is inefficient. B

Leviafan [203]

Answer:

D. only A and B of the above are true.

A. the market is inefficient.
B. an unexploited profit opportunity exists.

Explanation:

In simple words, this question is asking why the optimal return or best possible return of an investment is actually higher than the real market return. Generally this can be explained by opportunity costs and profits, or maybe even market inefficiencies caused by external factors (e.g. taxes).

In economics, efficient companies operating in competitive markets will always have 0 economic profit in the long run, that means that the company has maximized its accounting profits and there is no other alternative investment that can provide the same returns.

The same concept applies here, when you maximize your potential returns, it means that there is no other security or investment should yield the same returns. If your returns are actually, it only means that you are missing an opportunity profit (by investing in some other security) or some type of market inefficiency or external factor has decreased the actual return of your investment.

4 0

3 years ago

The following information relates to a company’s accounts receivable:

Morgarella [4.7K]

Answer:

1. the year-end balance in allowance for uncollectible accounts is $6,680.

2. The bad debt for the year is -$2,320.

Explanation:

1. To calculate the year-end balance in allowance for uncollectible accounts:

First we calculate the Account Receivable which is calculated as thus:

==> Account Receivable (ending balance) = accounts receivable (beginning balance) + Credit sales - cash collected - written off accounts receivable.

==> 300,000 + 1,500,000 - 1,450,000 - 16,000 = $334,000

Therefore the account receivable = $334,000.

Estimated percentage of bad debts = 2%

allowance of uncollectible accounts = Account Receivable x Estimated percentage.

==> $334,000 x 2% = $6,680

Hence, the year-end balance in allowance for uncollectible accounts is $6,680.

2. To calculate the bad debt expense for the year, we use:

allowance of uncollectible acountsl (ending balance) - [Allowance of uncollectible account (opening balance) - accounts receivables written off)

==> $6,680 - ($25,000 - $16,000)

= 6,680 - 9,000

= -$2,320

The bad debt for the year is -$2,320. This is incurred when customers pay for an invoice when it has been written off.

6 0

3 years ago

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Russell Retail Group begins the year with inventory of $64,000 and ends the year with inventory of $54,000. During the year, the

Svetach [21]

920$ k suwiekeneioeoemebeevhdhd

6 0

3 years ago