When a person owes more on an item (like a car or house) than it is worth, the person is said to be <u>upside down</u> on the loan.
<h3><u>Describe an upside-down loan.</u></h3>
You have an upside-down auto loan if you owe more money than the car is truly worth. You may need to make additional payments or modify your insurance coverage in order to prevent being upside-down on your loan or, at the very least, to shorten the amount of time you are in this perilous financial situation.
When you owe more on a car loan than the vehicle is worth, the loan is considered upside-down. If your car is worth $12,000 but your loan total is $15,000, for instance, your loan would be in the negative. You have $3,000 in negative equity in this situation.
It's not always a problem to have an outstanding auto loan. If you don't intend to sell your car, you can make loan payments until the balance is paid off. It won't affect the way you communicate with your lender.
Learn more about upside-down loans with the help of the given link:
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Answer:
$10.65
Explanation:
The computation of the incremental manufacturing cost in the case when the production level is changed
= Direct material cost per unit + direct labor cost per unit + variable manufacturing overhead per unit
= $6.25 + $3.20 + $1.20
= $10.65
Here the fixed cost would not be relevant
A business is defined as an organisation or enterprising entity engaged in commercial, industrial,or professional activities.
Answer:
<em>The correct answer is: </em>spend more time with their best potential customers always work in teams
Explanation:
Salespeople from high-performance organizations differ from salespeople in low-performance organizations in that they focus on their best customers and develop teamwork.
This strategy of focusing on the potential customer consists of establishing relationship marketing.
That is, direct your efforts to build a relationship with the consumer, which is the key to creating value for a brand.
The creation of a relationship with the consumer consists of offering products and services totally aligned to their needs and desires, to offer a more personalized and effective service to increase the perception of the brand and position it in the market.
Teamwork is also essential in a high-performance organization, as it creates a positive organizational culture focused on the development of ideas, creativity and innovation, essential to offer an efficient and effective sales service.
