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Sindrei [870]
3 years ago
12

A customer calls and says that they are upset because they just received their bill and it is for two months service plus a $20

late fee. They have never had a late payment before. They explain that they moved last month and never received their bill. What would you tell them?
A. They need to pay the bill or their service will be discontinued.
B. You will get a supervisor to speak with them.
C. They just need to pay this months bill to be current.
D. You can waive the late fee this time if they pay the balance.
Business
1 answer:
scoundrel [369]3 years ago
3 0

Answer:

D. You can waive the late fee this time if they pay the balance

Explanation:

The customer's subscription was still active and that's why the bill for the two months were sent. Should he have informed the service provider that he would be moving soon or call them shortly after they moved, the provider would know and maybe discontinue the service. Companies usually have waiver option due to late fees. Therefore, instead of the company incurring loss for lack of due diligence on customer's part, they should consider waiving late fees for this customer to provide an incentive for him to pay the owed amount.

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Graduation rate

Explanation:

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If a monopolist increases the selling price of a good from $20 to $30, then what is the marginal revenue?
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The answer is D. <span>Cannot be determined from the information given
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Elburn Supply Co. has the following transactions related to notes receivable during the last 2 months of 2015. The company does
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Answer:

<u>Transaction in 2015:</u>

Nov 1 2015

Dr Loan Receivable               30,000

 Cr Cash                                  30,000

( to record loan to Manny Lopez)

Dec 11 2015

Dr Account Receivable          6,750

Cr Sales                                  6,750

(to record sales on account to Ralph Kremer)

16 Dec 2015

Dr Note Receivable                     4,000

Cr Account Receivable               4,000

(to record note receipt in exchange for receivable from Joe Fernetti)

31 Dec 2015

Dr Interest Receivable                 553

Cr Interest Income                       553

<u>The collection of the Lopez note at its maturity in 2016:</u>

Nov 1 2016:

Dr Cash                                 33,042

Cr Interest Receivable        508  

Cr Loan Receivable             30,000

Cr Interest income               2,534

( to record collection of loan from Lopez)  

Explanation:

<u>Transaction in 2015:</u>

Nov 1: Cash loan is made so Cash decrease (Cr) and Loan Receivable increase (Dr)

Dec 11: Sales on account so Account receivable increases (Dr) and Sales increases (Cr)

Dec 16: Note is received in exchange of receivable, so Note receivable increases (Dr) and Receivable decreases (Cr)

Dec 31: Total interest income accrued on loan/receivables is recorded as Dr Interest receivable ( increase) and Cr Interest income (increase) and  is calculated as:

Loan to Lopez + Receivable from Ralph + Receivable from Joe = 30,000 x 10% x 61/360 + 6,750 x 8% x 20/360 + 4,000 x 9% x 15/360 = 553.

<u>The collection of the Lopez note at its maturity in 2016:</u>

Total cash receipt = Principal + interest expenses = 30,000 + 30,000 x 10% x 365/360 = $33,042 and is recorded as Dr.

Interest income recorded in Interest receivable account in 2015 should be clear (Cr) at the amount of 30,000 x 10% x 61/360 = 501.

Another interest income earned in the year of 2016, calculated as 30,000 x 10% x (365-61)/360 = 2,534 is recorded ( Cr);

Loan receivable is cleared (Cr) at the principal amount of $30,000.

4 0
3 years ago
Laurent’s new job grants him 100 stock options each year. Every year, he is given 20 more than the year before. How many stock o
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Answer:

Laurent will have 260 stock options after 8 years on the job.

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Year 2 = 140 stocks

Year 3 = 160 stocks

Year 4 = 180 stocks

Year 5 = 200 stocks

Year 6 = 220 stocks

Year 7 = 240 stocks

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After 8 years, Laurent will have 260 stock options.

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This refers to the increase in variance in power in a particular culture.

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Read more about high power distance here:

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