Option 4. When attracting new clients the most effective way would be to Get referrals from clients.
<h3>How does referrals help to get client?</h3>
The people that have been able to get an efficient service from you would have to put in word to others.
This would help to convince these people to make use of the service of the trainer.
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In most cases there is no difference in the prize of an object depending on whether a credit card or a debit card is used.
So the main difference is that using a credit card, people can buy more than they can actually afford, so they can have debts as a consequence.
So people advice using debit cards as a way of avoiding debts.
Answer:
restitution.
Explanation:
In contract law, restitution refers to a party forfeiting monetary gains that they obtained illegally from the other party involved in the contract. Restitution is very commonly used in contract law since it is meant to restore an injured party due to damages suffered from another parties unlawful performance. Ideally, when restitution is applied, the injured party should return to their original position.
In this case, Excavate n' Fill must return the $10,000 that Fred gave them as advanced payment. The restitution of the $10,000 should restore Fred's original position.
Answer:
The variable rate loan term best describes this loan.
Explanation:
In these type of loans variable interest rate is charged. A variable interest rate is a floating interest rate on a loan or security (bonds,debentures) that changes over time because it is based on an underlying benchmark interest rate or index that changes periodically. So the interest payment fluctuates with change in benchmark.
The advantage of a variable interest rate is that if the underlying interest rate or index falls down, the borrower’s interest payments also decrease. Accordingly, if the underlying index rises, interest payments increase.
Complete question is given at the end of the question.
Answer with Explanation:
<u>Requirement 1:</u>
Net Income is an accounting profits which includes both cash flow items and non cash flow items. It can be calculated as under:
Net Income = (Sales - Cost - Depreciation) - (Income Before Tax * Tax Rate)
The computation is given in the Second excel sheet attached.
<u>Requirement 2:</u>
According to relevant costing principles if the cost is relevant then it must satisfy following conditions:
- Must be cash flow in nature.
- Must be Future related (no past commitments).
- Differential or must be incremental
So this means that the depreciation would not be taken into account as it is not a relevant cost and thus must not be included as an incremental cost.
Incremental Cash flow can be calculated using the following formula:
Incremental Cash Flow = Net Income + Depreciation (Removing its impact) - Working Capital Injection + Working Capital Withdrawal
The calculation for each year is shown in the second attachment.
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<u>Requirement 3:</u>
The NPV can be calculated by discounting each year cash flow by the rate of return which in this case is 12%.
The formula for calculating the NPV is as under:
NPV = Investment in year zero - Net Cash Flow of Y1 / (1 + r)^1 - Net Cash Flow of Y2 / (1 + r)^2 - Net Cash Flow of Y3 / (1 + r)^3 - Net Cash Flow of Y4 / (1 + r)^4
The computation of NPV is given in the second attachment given below:
