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gavmur [86]
4 years ago
12

When Abu went to open a bank account at First National Bank, he was greeted by a friendly account representative, who explained

the different types of savings and checking accounts, as well as other banking services (e.g., ATM, direct deposit, credit cards, and consumer loans) that were available. According to the services marketing triangle, the actions by the account representative are a form of _____ marketing.
Business
1 answer:
8090 [49]4 years ago
3 0

Answer:

Interactive

Explanation:

Interactive marketing is the kind or form of marketing which is defined as the one to one practice of marketing that centres the individual person or consumer and then prospects the actions.

In this kind of marketing practice, it comprise of the initiatives of marketing that are triggered through behaviors as well as preferences of the customer. And for this reason, it is major shift from the campaign grounded efforts of marketing.

So, in this case, the actions through the account representative are a kind of interactive marketing.

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Definition of average daily balance
IgorLugansk [536]
The credit card interest charges are calculated with the total amount due on a card  at the end of the day.
4 0
3 years ago
Consider an 8.5% loan amortizing at a 25-year rate with monthly payments. What is the maximum amount that can be loaned on a pro
Leto [7]

Answer:

<u>Maximum Amount that can be loanded = $4139619</u>

Explanation:

DSCR = NOI / Debt Service

Debt Service = Principal + Interest

NOI = $ 500000

Debt Service = 500000 / 125 % = $ 400,000

The loan would be ammortized monthly over a period of 25 years.

Monthly Payment or EMI

E = P×r×(1 + r)n/ ((1 + r)n - 1)

12E = 400,000 = [P×r×(1 + r)n/ ((1 + r)n - 1)] * 12

or, P = 400000 / 0.0966272500154557 = $4139619

<u>Maximum Amount that can be loanded = $4139619</u>

8 0
4 years ago
Kendall Corp. purchased at par value $160,000 of Barker Company's 7% bonds that mature in 10 months. The bonds pay interest semi
lesantik [10]

Answer:

The correct answer is a. Debit Short-Term Investment for $160,000 and Credit Cash for the Same Amount.

Explanation:

Investments in Money Market Instruments, that is those instruments that mature within one year, are classified as Short-term Investments. Whereas, investments for a period of more than one year are termed as Long-term Investments. Since Kenall Corp. purchased bonds that will mature within one year, so such investment shall be classified under the head of Current Assets.

In-case of interest received semi-annually, Cash will be debited and Finance Income will be credited.

If you have any further queries, feel free to contact me.

Thanks.

8 0
4 years ago
Read 2 more answers
Suppose you are salesperson for a company that manufactures and sells industrial equipment. Two or three of your key accounts pe
algol13

Answer:

d. Form a close partnership with individuals involved in order fulfillment (e.g., shipping and transportation) in an effort to make sure they are committed to meeting the special delivery requirements of those key accounts.

Explanation:

The sales person should make a close partnership with order fulfillment department in order to meet special delivery requirements by the key accounts. If the special delivery needs of key accounts is not addressed then they may discontinue buying the equipment from the company. To retain the key accounts the sales person has to ensure the order fulfillment team is committed in meeting the special delivery requirements by those key accounts.

5 0
3 years ago
Taylor Company received a gift of land and building from the town of Saunderstown as an inducement to relocate there. The land a
Black_prince [1.1K]

Answer:

See below

Explanation:

The donation will increase the assets and the owners' equity.  Land and building are assets. An increase in assets is debited.

Donations received are equivalent to 'income' to the business. They add to equity. An increase in equity/capital accounts is credited.

The journal entry will be

Land A/c    DR. $39,000

Building A/c  DR.$395,000

Donations received A/c  CR.$434,000

7 0
3 years ago
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