The correct answer would be D. You're Welcome!! <span />
Well in order to run the business no matter which type it is there is a need for revenue, not profit, unless it is private. For public school revenue comes from the State and when a local shop sponsor.
The time taken to break even at buying 1 point will be in<u> 9 years</u>.
Given,
- Monthly mortgage payment =$958
- Monthly payment will be reduced to buy 1 point =$948.75
- Cost of each point =$1,000
Computation:
1. The computation of the reduced amount in the monthly mortgage payment:
2. The computation of yearly mortgage payment:
3. The computation of the number of years for the break-even by buying 1 point:
Therefore, to break even by buying 1 point the holder requires 9 years to reach.
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Some accounting errors that cause the difference between the debits and credits columns of the trial balance are as follows:
- Data entry errors
- Errors of omission
- Errors of commission
- Errors of transposition of one side of the entry
- Compensating errors
- Errors of duplication
- Errors of principle
- Errors of entry reversal
These errors are called accounting discrepancies. They are not intentional mistakes, but they often occur.
Thus, to forestall accounting errors, every company requires good accounting software to record its transactions, while the accounting staff should be adequately trained.
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<em>The key account management structure uses</em><em> team selling </em><em>to focus on important customers in order to build mutually beneficial, long-term cooperative relationships.</em>
<h3>What is Team selling?</h3>
Account-based selling frequently employs the sales technique of team selling to increase contract closure rates. Simply described, team selling is a collaborative sales method in which two or more team members work together to win business rather than working those accounts alone.
<h3>What is a good illustration of team selling?</h3>
Adding an additional salesperson or departmental expert to a call to address a client's specific needs is a straightforward example of team selling (e.g., manufacturing, customer service, or technical questions).
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