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3 years ago

How donfederal student loans differ from private student loans

1 answer:

6 0

Federal student loans are made by the government, with terms and conditions that are set by law, and include many benefits (such as fixed interest rates and income-driven repayment plans) not typically offered with private loans.

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Startups that find themselves trying to compete for value with large, established firms that have strong negotiating power often

Leokris [45]

Answer:

That statement is true.

Explanation:

Start ups tends to have overwhelmingly lesser capital compared to large/established firms. This means that The Large firms will be able to outperform the start ups in terms of marketing , advertising, and production efficiency.

This will make the start ups' product became less known and more expensive in the market.

Because of this, they tend to focus on the acquisition of intellectual property.

When a start up acquire the right of intellectual property, larger companies could not legally create a similar product and compete with the start up directly.

This will make the start up able to sell their products without having to worry about being outperformed by the larger companies.

6 0

3 years ago

Leading guitar string producer wound up inc. has enjoyed a competitive advantage based on its proprietary coating that gives its

Rashid [163]

Answer:

Explanation:

As a leading guitar string producer Wound Up inc. has enjoyed a competitive advantage based on its proprietary coating that gives its strings a clearer sound and longer lifespan than uncoated strings. One of Wound Up's competitors, has recently developed a similar coating using less expensive ingredients, which allows it to charge a lower price than wound up for similar-quality strings. Therefore and consequently, Wound Up's competitive advantage is in danger due to direct imitation and substitution. As it has been very much obvious from the given data that Wound Up was enjoying superior position in the market based on the clearer sound and longer lifespan of its guitars, which was purely due to their signature coating which they used on the strings. When on its competitor has developed the same kind of coating but even at the lesser rates, then of course, they can enjoy much better position in the market and they can compete much effectively with the Wound UP, both in quality and price as well. This direct imitation and substitution can lead Wound Up losing its competitive advantage, therefore, either they can develop the same strings at the less process or they have to come up with something totally new, creative and unique in order to win this competition now.

5 0

4 years ago

A company has $104,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts

SpyIntel [72]

Answer:

$4,260

Explanation:

The journal entry to record the adjustment to the allowance account includes a debit to Bad Debts Expense is given below:

Estimated Uncollectible Accounts is

= $104,000 × 5%

= $5,200

Now

Bad debt expense is

= Estimated Uncollectible accounts - credit balance in Allowance account

= $5,200 - $940

= $4,260

6 0

3 years ago

Shelton, Inc. has sales of $435,000, costs of $216,000, depreciation expense of $40,000, interest expense of $21,000, and a tax

sattari [20]

Answer:

a. Net income = $107,200

b. Addition to retained earnings = $72,700

Explanation:

a. What is the net income for the firm?

Net income which also referred to a s net earnings is estimated by deducting cost of goods sold, selling and distribution expenses, administrative expenses, depreciation expenses, interest expenses, taxes, and other relevant expenses from sales.

b. What is the addition to retained earnings?

Addition to retained earnings is obtained by deducting the cash dividends from the net income.

For this question, the net income and addition to retained earnings can be calculated by preparing an income statement as follows:

Shelton, Inc.

Income Statement

For the year ....

Particulars $

Sales 435,000

Costs of sales (216,000)

Gross profit 219,000

Depreciation expense (40,000)

Interest expense (21,000)

Income before tax 158,000

Tax ($158,000 * 35%) (55.300)

Net income 102,700

Cash dividends (30,000)

Addition to retained earnings  72,700 

Therefore, Net income is $107,200, and addition to retained earnings is $72,700.

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3 years ago

The price elasticity of demand is: ________ A. negative, but the minus sign is ignored. B. positive, but the plus sign is ignore

stira [4]

Answer:

A. negative, but the minus sign is ignored.

Step-by-step explanation:

The price elasticity of demand is negative, but the minus sign is ignored.

By definition, price elasticity of demand can be defined as the degree of responsiveness of a change in quantity demanded as a result of a change in price of the commodity.

That is, one percent change in price leads to one percent change in quantity demanded.

Price elasticity of demand is negative but the minus sign is ignored. In economics, we interpret the value in absolute terms such that the minus sign is ignored. When PED is negative, it implies that a one percent change in price of a commodity will lead to a small change in quantity demanded of the commodity. In this case, PED is fairly inelastic; that is, Ed < 1. The commodity in question is a normal good and is conformed to law of demand which states that the higher the price of a commodity, the lower the quantity demanded, and vice versa, all things being equal (celeris paribus).

6 0

4 years ago

How donfederal student loans differ from private student loans ​

How donfederal student loans differ from private student loans