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3 years ago

How do the pricing strategies for corporations differ from nonprofit organizations?

1 answer:

4 0

Corporations get cheap, and resell for more to earn a profit, Non profit organizations usually buy and resell for what they paid for or even less, sometimes free, for example some Bible publishers. Their intent is to make something available for everyone to further a particular social cause

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If Modern Company received $3,650 from Connor Young Company on March 12 for the total amount of an account which had been writte

joja [24]

Answer:

Please post the full question together next time.

If Modern Company received $3,650 from Connor Young Company on March 12 for the total amount of an account that had been written off on March 1, the entry to reinstate the account under the direct write-off method would include:______.

a. a debit to Allowance for Doubtful Accounts of $3,650.

b. is the same as it would be under the allowance method.

c. includes a credit to Bad Debt Expense of $3,650.

d. includes a credit to Cash of $3,650.

Explanation:

Under the direct write-off method ,

the journal entry is Bad debt expense A/c Dr XXXXX

To Account receivable A/c XXXXX

(Being the bad debt expense is recorded)

For recording this journal entry, we Debited the bad debt expense and credited the account receivable

This is the answer. Hence, all the given options are incorrect

3 0

3 years ago

if the interest rate on a savings account is 0.018%, approximately how much money do you need to keep in this account for 1 year

scZoUnD [109]

A = $9.99, the amount needed after 1 year
r = 0.018% = 0.00018, interest rate
n = 12, compoundings per year
t = 1, one year duration

Let P = required balance at the beginning of the year.
Then
$P(1+ \frac{r}{n} )^{nt} = A$
P(1 + 0.00018/12)¹² = 9.99
1.00018P = 9.99
P = $9.988 ≈ $9.99

Answer: $9.99

7 0

3 years ago

Western Union is in the business of providing a medium for international money transfers. Through the services of Western Union,

tatiyna

Answer: core service

Explanation: In simple words, core service refers to the service which are of highly value and importance to the user or provider or both.

These services are considered be essential for smooth operations of an economy or the organisation as the case may be.

In the given case, Western union has the business of transferring payments internationally. Hence we can conclude that they are providing the core service of their business.

5 0

3 years ago

In 1975, interest rates were 7.85 % and the rate of inflation was 12.3 % in the United States. What was the real interest rate

Georgia [21]

Answer:

Since the real rate of interest is negative, this means that the purchasing power of the savings have decreased over the year.

Explanation:

Data provided:

Interest rates = 7.85 %

The rate of inflation = 12.3 %

Now,

The Real interest rate is calculated as :

Real interest rate = Nominal interest rate - Inflation rate

on substituting the respective values, we get

Real interest rate = 7.85% - 12.3%

The real interest rate = - 4.45%

Here,

Since the real rate of interest is negative, this means that the purchasing power of the savings have decreased over the year.

4 0

3 years ago

True/False

Elanso [62]

The answer is FALSE.

Relationship marketing is much important compared to maintaining databases of customer's information for mass marketing. A good relationship to clients can be a good promotion tool and technique compared to sending them promotional ads via email, SMS and social media sites. A word of a mouth is more powerful and personal compared to digital media. If the reputation of the company is good to some clients, then it will create good impression to other potential clients and to the people they know. If the company has a good impression, good attitude employees with good products, it will surely help to the company's revenue.

5 0

3 years ago