In order for Millard’s Department Store to meet their
immediate needs, they should utilize the short term financing. Short term
financing is defined as a way of business financing by means of obtaining
finance that is usually in a term of one year or less than one year. It is
usually for about 4-6 months.
Answer:
Increase at a faster rate than the costs associated with those sales.
Explanation:
Generally, the break-even point refers to the point where total cost and total revenue are equal. This implies it is a point at which there is neither gain nor loss.
Specifically, break even unit therefore refers to the sales unit at which total cost is equal to the total revenue. When the unit sold is greater than the break even unit, total revenue will be greater than the total cost, while when the unit sold is less than the break even unit, total revenue will be less than the total cost.
From the question, when the room sales at the Motor Lodge Motel exceeded its break-even point for the month on the twentieth day of the month, it implies that any extra room sales will increase the revenue more than the costs associated with those sales.
Therefore, revenue generated by room sales during the remaining days of the month will increase at a faster rate than the costs associated with those sales.
I would say $800 since the unpaid amount is for the whole month and weekly they are paid on Friday so they would only be out the one day or the $800. In other words, for a month or if that is 4 weeks exactly they would get paid 4 x 4000=16000-800 = $15,200 on the Thursday.
The method of communication which is likely to be most effective for conveying sensitive or important information Short face-to-face meetings.
<h3>
What is Effective Communication?</h3>
Effective communication refers to the process of exchanging ideas, thoughts, opinions, knowledge, and data so that the message is received and understood with clarity and purpose by the communicating parties.
Effective communication is centered on the ability of both parties to fully understand what was communicated and a very precise way of doing this is through short face-to-face meetings.
Learn more about Effective communication at brainly.com/question/25793182
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<span>The researcher has used observational research - a type of research where behavioral patterns and routines are continuously observed and monitored to draw conclusions relevant to the research goal. This kind of research is normally done in scenarios involving people and social groups. It involves observing people in their natural setting.</span>