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3 years ago

Which option is an example of a debt-funding source

Business

1 answer:

Furkat [3]3 years ago

7 0

Answer:

The option which is an example of a debt funding source can be banks, credit unions, or any external lender.

Explanation:

Debt funding is when a company raises money by marketing bonds, bills and notes, etc. to the investors
It differs from equity financing which is selling shares of the company.
Debt funding must be paid back at an previously agreed date.
If the business goes under, then the lenders have more rights on the property that will be liquidated than the share holders.

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Describe where you are in life right now. What makes you most excited about where you are now? What questions do you have, and w

Komok [63]

You say: “I'm excited to see there's a lot of opportunity to use advanced computer skills in this position. Being able to build my skills and continue to develop in a growing company is important to me, and there seems to be long-term opportunities here.”

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3 years ago

Read 2 more answers

Melissa Price is a member of the sales force at Urban Fashions, a Houston-based manufacturer of women's apparel. Melissa is prep

oksian1 [2.3K]

Answer:

<u>Pre-approach </u>

Explanation:

In case of personal selling, the seller and prospective buyer come face to face, wherein the former tries to highlight and convey product attributes to the prospect with an objective of effecting a sale.

Under 7 step personal selling approach, pre approach refers to conducting customer research and planning goals for the presentation, which is to be be given to the prospect.

Under this approach, the salesperson fixes up a face to face meeting with the prospect in order to ascertain prospect's needs and wants. Post ascertainment of such needs, the salesperson carries out a presentation, informing the prospect about product attributes which would meet such needs.

In the given case, Melissa is preparing for her first client meeting, trying hard to learn about prospect and his organization i.e customer research. Thus, this is the pre-approach step of the personal selling process.

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3 years ago

Bill McDermott is the CEO of SAP, which is a company that sells expensive enterprise resource planning software to large and mid

KonstantinChe [14]

Answer:

corporate

Explanation:

Corporate level of an organisation involves the whole organisation. The organisation is made up of business units and product lines.

So when one functions at the corporate level he is responsible for all aspects of the business.

In this instance Bill McDermott is the CEO of SAP is in charge of all departments and production lines of the company.

On the other hand functional level deals with a particular department within the organisation. For example human resources, operations, and so on.

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3 years ago

As the director of sales for your hotel, you earn a 0.5% commission on total sales from your sales team. Assuming there are 3 sa

tensa zangetsu [6.8K]

Answer: $2,085

Explanation:

Average monthly sales by the three salesperson are;

$125,000

$144,000

$148,000

Therefore, average total monthly sales by the three salesperson equals;

$125,000+$144,000+$148,000 = $417,000

Average total sales per month = $417,000

Monthly commission percentage = 0.5%

Monthly commission = 0.5% × 417,000

(0.5 ×417000) ÷ 100

208500 ÷ 100 = $2085

Monthly commission = $2,085

7 0

3 years ago

At the beginning of the current period, Teal Mountain Corp. had balances in Accounts Receivable of $211,200 and in Allowance for

cupoosta [38]

Answer and Explanation:

The Journal entry is shown below:-

a. Accounts Receivable $804,300

To Sales $804,300

(Being credit is sales recorded)

Cash Dr, $839,040

To Accounts Receivable $839,040

(Being collection during the period is recorded)

b. Allowance for Doubtful Accounts Dr, $7,902

To Accounts Receivable $7,902

(Being uncollectible accounts are written off is recorded)

c. Accounts Receivable Dr, $3,002

To Allowance for Doubtful Accounts $3,002

(Being to reinstate collected account previously written off is recorded)

Cash Dr, $3,002

To Accounts Receivable $3,002

(Being collection of previously written off is recorded)

d. Bad Debts Expense Dr, $18,170

To Allowance for Doubtful Accounts $18,170

(Being adjust allowance for doubtful accounts is recorded)

Working note:-

Allowance for Doubtful Accounts

Beginning balance $9,490

Written off $7,902 Recovery $3,002

Bad debts $18,170

Ending balance $22,760

5 0

3 years ago