Salaries expense would be debited for $3,500. Salaries payable will be debited for $500. Cash would be credited for $4,000
What are accrued salaries?
Accrued salaries are salaries owed to workers for work they have already performed, in other words, they are expenses incurred because the employees have worked, but the only outstanding is that payment to workers has not been effected.
When the $4,000 is paid, the cash balance of the company would reduce by the same amount , in effect, cash account would be credited with $4,000, the credit posted to salary payable initially would be reversed by posting a debit entry in salary payable account such that the remaining $3,500 is debited to salaries expense account, in other words,
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Full question with options:
McDarrel's records $500 of accrued salaries on December 31. Three days later, on January 3, total salaries of $4,000 (including the $500 accrued at year end) are paid. Demonstrate the required journal entry on January 3 by selecting from the choices below. (Check all that apply.) Multiple select question. Salaries payable will be credited for $500. Salaries expense would be debited for $3,500. Salaries payable will be debited for $500. Cash would be credited for $4,000. Wages expense will be debited for $4,000.
On october 31, pizza company sold pumpkin spice pizzas for halloween parties on account. The customers have 30 days to pay for the pizzas. In which month should pizza company record the revenue under accrual accounting?.
Pizza delivery service supplied pumpkin spice pizzas on credit for Halloween parties on October 31. Customers had 30 days to pay for the pizzas. Pizza company must record the revenue using accrual accounting in the month of October (revenue is recognized when the goods are delivered, which is in October).
Revenue is the money made from regular business operations and is calculated by multiplying the average sales price by the quantity of units sold. In order to calculate net income, costs must be deducted from the top line (or gross income) figure. On the income statement, revenue is also known as sales.
A company's revenue is the money generated by its operations. Depending on the company chosen accounting approach, there are several ways to compute revenue. Sales made using a credit card will be counted as revenue for products or services that were delivered to the customer. In accordance with some regulations, revenue is recorded even if payment has not yet been made.
To determine how effectively a business collects unpaid debt, it is important to review the company cash flow statement. Contrarily, sales will only be recorded as revenue in cash accounting after money has actually changed hands. A "receipt" is just a payment made to a business, and receipts can exist independently of revenue.
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The commissioner obtains a restraining order against a person who has violated an insurance law. the person continues the violation for 15 days. the person will have to pay a fine of?
In general, the penalty for violating an insurance law is a civil fine. The amount of the civil fine depends on the severity of the violation and can be as high as $5,000 per violation.
What are the benefits of a restraining order?A restraining order is a criminal record that prohibits one character from contacting some other character.
The blessings of a restraining order are the following:
Helping to guard the sufferer against in addition abuse Preventing the wrongdoer from violating any orders or laws Protecting the sufferer's own circle of relatives participants and different capacity sufferers to get a restraining order, the sufferer has to first record a petition with the courtroom docket. The petition must be filed via way of means of the sufferer. The wrongdoer has to signal a sworn declaration agreeing to observe the order and now no longer touch the sufferer. The courtroom docket will then trouble a restraining order.To learn more about Insurance law, visit:
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Which term refers to a strategy for separating programs and running them in their own virtual space?
Hardware virtualization or platform virtualization refers to a strategy for separating programs and running them in their own virtual space.
Hardware virtualization is the virtualization of computers as complete hardware systems, sure logical abstractions of their componentry, or only the functionality required to run various running structures.
Does hardware virtualization enhance performance?
No, it decreases overall performance. It is always faster to run code natively. We do virtualization for safety reasons generally, however additionally reliability (fewer transferring elements in every digital gadget).
Is it safe to turn on hardware virtualization?
You will not enhance safety by disabling hardware virtualization. as it calls for such high privileges to apply in the first location, any malware this is capable of use it's far already able to bypass any restrictions you set.
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check your knowledge check your knowledge which repayment plan will you be placed on automatically unless you change it by contacting your servicer?
Standard Repayment Plan will be placed on.
The normal repayment schedule is ten years of fixed monthly instalments (or up to 30 years if you have a direct consolidation loan). In order to guarantee that you will pay off your loan with interest in ten years, you will make the same monthly payment throughout the payback term.With standard repayment, you pay the same amount each month for ten years by dividing your debt into 120 level instalments. Payments made under this arrangement must be less than $50. Let's suppose, for illustration, that you had a $35,000 student loan with a 4% interest rate.What drawbacks exist with the conventional repayment plan?
Compared to other federal student loan repayment alternatives, higher monthly instalments are required.Monthly payments are set according to the length of the loan, not your income or financial capacity.To Learn more about Standard Repayment Plan, Click the links
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Granting a foreign company the right to manufacture your product or to use your firm's trademark in return for a fee is called:______.
Granting a foreign company the right to manufacture your product or to use your firm's trademark in return for a fee is called: licensing.
A license is an official permission or license to do, use, or own something. A license is granted by one party to another by agreement between those parties. In the case of government-issued permits, permits are granted by the application.
A business agreement in which one company authorizes another to manufacture its products for a specified payment. There are several faster or more cost-effective ways to grow your business other than licensing your patents, trademarks, copyrights, designs, and other intellectual property to third parties.
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One example of an ethical dilemma related to safety-critical systems is whether to risk making the product more expensive, and potentially less appealing to customers, by _____.
One illustration of an ethical dilemma involving safety-critical systems is whether to include hardware devices to support or verify software functions at the risk of increasing the cost of the product and maybe decreasing its consumer attractiveness.
A issue in choosing between two possibilities where none is wholly acceptable from an ethical standpoint is known as an ethical dilemma (also known as a moral dilemma, ethical paradox, or moral conundrum). Although we encounter numerous ethical and moral issues throughout our lives, the most of them have rather simple fixes.
However, moral quandaries are extraordinarily difficult problems that are impossible to resolve ethical dilemma. Finding the best solution in these circumstances is therefore crucial for everyone.
Almost every area of a person's life, including social, professional, and personal, has the potential to ethical dilemma present an ethical issue.
The fundamental problem with an ethical dilemma is that it does not have a clear-cut answer that complies with ethical standards. People have encountered these problems throughout human history, and philosophers have sought to address them.
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A plot drawn to show the relationship between bond yields and maturity is known as the?
A plot drawn to show the relationship between bond yields and maturity is known as the yield curve.
A yield curve is a line that plots yields (interest rates) of bonds having equal credit quality but differing maturity dates. The slope of the yield curve gives an idea of future interest rate changes and economic activity.
The yield curve refers to the chart of current pricing on US Treasury Debt instruments, by maturity. The US Treasury currently issues debt in maturities of 1, 2, 3, and 6 months and 1, 2, 3, 5, 7, 10, 20, and 30 years.
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The tendency to make decisions free from the influence of others is best described as?
The tendency to make decisions free from the influence of others is best described as confirmation bias.
What is confirmation bias?Confirmation bias is the propensity to interpret or search for information that supports one's preexisting opinions when processing information. This biased way of thinking about decision-making is typically accidental and frequently leads to dismissing contradictory data.
A confirmation bias is a sort of cognitive bias in which information that supports preexisting views or biases is given preference. Think about someone who believes that left-handed people are more creative than right-handed ones, for instance.
Therefore, tendency to make decisions free from the influence of others is best described as confirmation bias.
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which of the following provides a measure of market attractiveness in the boston consulting group approach?
Market growth rate provides a measure of market attractiveness in the boston consulting group approach.
What is Market growth rate?The compound annual growth rate (CAGR) is the rate of return (RoR) that must be achieved for an investment to go from its initial balance to its final balance, assuming that profits were reinvested at the end of each period of the investment's life span (CAGR).
The compound annual growth rate (CAGR) is one of the most accurate ways to calculate and estimate returns for anything that could rise or decrease in value over time (CAGR).
By comparing the CAGR of two or more options, investors can determine how well one stock performed relative to other businesses in a peer group or a market index.
In order to evaluate how different investments have performed over time, CAGR is a useful indicator.
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What is the amount of cash sherriane paid to employees during the reporting period if its salaries payable increased by $5.2 million?
Salary expense = $5.7 million
Salaries payable increase = $6.6 million
cash paid to employees = Salary expense - Salaries payable increase
= 5.7 - 6.6
= $-0.9
Salaries payable is a kind of entry in commercial enterprise accounting journals that describes how a good deal a company owes its employees. Accounting experts or managers file salaries payable once they owe revenue to pay to their personnel, but haven't dispensed the money yet.
Salary payable is a modern legal responsibility account containing all the balance or unpaid wages at the end of the accounting length. the amount of income payable is suggested in the balance sheet at the quit of the month or 12 months, and it is not stated within the income statement.
Salaries payable is a liability account that contains the quantities of any salaries owed to employees, which have not been paid to them. The balance within the account represents the salaries liability of a business as of the balance sheet date.
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A(n) ____________ is a person who assumes the risk of starting a business. select one: a. private investor b. stakeholder c. manager d. entrepreneur
A(n) entrepreneur is a person who assumes the chance of starting an enterprise.
An entrepreneur is a man or woman who creates a brand new enterprise, bearing maximum dangers and enjoying maximum rewards. The process of putting in an enterprise is known as entrepreneurship. The entrepreneur is commonly seen as an innovator, a supply of new thoughts, goods, services, and business/or procedures.
An entrepreneur is a man or woman who creates and grows a business thru their creative thoughts. marketers play key roles in producing earnings as they develop their businesses. An entrepreneur identifies a commercial want of their network, crafts an enterprise idea, and takes the lead role to begin their enterprise. entrepreneurs are critical to marketplace economies due to the fact they are able to act because the wheels of the monetary boom of us a. with the aid of developing new services and products, they stimulate new employment, which in the end affects the acceleration of economic development.
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Ellen+now+has+$125.+how+much+would+she+have+after+8+years+if+she+leaves+it+invested+at+8.5%?
She have after 8 years if she leaves it invested at 8.5 % is $ 240.08.
Future value = Present value × [tex](1 + r)^{n}[/tex]
Where,
Present Value = $125
r = Rate of interest per period = 8.5% or 0.085
n = Number of periods = 8
So, Future Value
= $125 × ([tex]1.085 ^{8}[/tex])
= $125 × 1.920604
= $ 240.08
An investment is an asset or object acquired with the goal of generating income or appreciation. Appreciation refers to an increase in the cost of an asset over the years. when an man or woman purchases a terrific as an investment, the reason is not to eat the best but instead to use it in the future to create wealth.
An investment corporation is a employer or accept as true with engaged in the business of investing pooled capital into financial securities. Investment groups can be privately or publicly owned, and that they interact in the management, sale, and advertising and marketing of funding products to the general public.
Disclaimer:- your question is not in a correct format, please see below for the correct question format.
Q. Ellen now has+$125.How much would she have after 8 years if she leaves it invested at 8.5%?
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You run a company that uses all of the latest fire protection features and services available. what type of insurance would be the most beneficial to your bottom line?
If you run a company that uses all of the latest fire protection features and services available. The type of insurance that would be the most beneficial to your bottom line is: Mutual fire insurance.
What is insurance?Insurance can be defined as a coverage that help to costs or expenses in case of unforeseen or unexpected circumstance such as fire, accident etc.
Mutual fire insurance is an insurance that help to cover costs or expenses incurred or cost of damaged as a result of fire.
Therefore If you run a company that uses all of the latest fire protection features and services available. The type of insurance that would be the most beneficial to your bottom line is: Mutual fire insurance.
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Suppose you know that the price elasticity of demand for your product is 0. 5, and you are thinking about raising your price by 8%. How much can you expect quantity to decrease?.
If the price elasticity of demand for a product is 0. 5 and about raising the price by 8%. Then, the quantity to decrease is 4%
Price elasticity of demand = 0.5
Percentage increases in price = 8%
Price elasticity of demand = (Percentage change in quantity demanded)/(Percantage change in price)
0.5 = (Percentage change in quantity demanded)/8
Percentage change in quantity demanded = 0.5 × 8 = 4%
Therefore, if the price rises by 8% then as a result quantity demanded decreases by 4%.
An elastic demand is one where there is a significant shift in the amount sought as a result of a price change. A minor change in quantity required as a result of a price adjustment is referred to as an inelastic demand. A formula that produces an absolute number larger than 1 indicates that the demand is elastic.
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a darmer has the ablity to grow either corn or cotton or some combination of the two. given no other inforamtion
Given no alternative info, the farmer's cost of a bushel of corn increased by his cost of a bushel of cotton equals one
In economics theory, the chance value of a precise action is that the price or profit gone by participating in this activity in compared to participating in Associate in Nursing alternative activity. Simply put, if you decide on one activity, you forfeit the potential to settle on another.The next best different is usually outlined because the cost. it's conjointly called the different or the choice value since it represents the loss of gain that might are obtained if another alternative had been chosen. It may also be outlined as a loss of profit as a results of a amendment in selection.Thus this is often the which means of cost.
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what are the four broad areas of opportunity a company can pursue in the marketing strategy planning process? (check all that apply.)
The four broad areas of opportunity a company can pursue in the marketing strategy planning process are:
Diversificationproduct developmentmarket developmentmarket penetrationThe marketing strategy planning process denotes the creation of a marketing strategy that features the firm's aims, programs implemented to reach those aims, the duration required to reach those aims, and so on. This is very crucial and significant in reaching business objectives. This aids in increasing revenue and profits, achieving greater visibility and ruling out competitors.
The marketing strategy planning process involves developing a company mission, objectives and goals, business portfolio, and functional plans. It provides a broad framework according to which all future organizational activities will be conducted.
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Lee sun's has sales of $3800, total assets of $3500, and a profit margin of 6 percent. the firm has a total debt ratio of 42 percent. what is the return on equity?
The return on equity for lee sun's firm is 9.52 percent.
How to calculate the return on equity ?The first step is to calculate the assets turnover
= total assets/total sales
= 3500/3800
= 0.921
The next step is to calculate the equity to assets ratio
= 1 - 42/100
= 1 - 042
= 0.58
The next step is to calculate the leverage multiplier
= 1/0.58
= 1.724
Therefore the ROE can be calculated as follows
= profit margin × assets turnover × leverage multiplier
= 0.06 × 0.921 × 1.724
= 0.0952 × 100
= 9.52%
Hence the ROE is 9.52%
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clara meets her client jonathon for a business presentation at a café suggested by him. as soon as their meeting begins, the café gets very crowded and noisy. they are unable to concentrate on their discussion. which of the following should clara do to prevent a communication breakdown with her client?
Suggest that they move to a quieter place to concentrate on their discussion.
She walks into the conference room with her head held high. She smiles as she shakes the client's hand. Clara will be perceived as brave and confident by the client. This makes a favourable initial impression on the client. The smile creates a friendly atmosphere. Shaking hands conveys a mental agreement to be open to discussing views. Before designing a presentation, it is always necessary to analyse the context in which it will be delivered, which includes knowing whether or not there is a projector or other devices to display slides, the visibility of the audience, the size of the room, the lighting, and other factors, as these influence the type of aids the speaker and use, as well as the design of these.
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4. what possible solutions to this dispute might emerge from dialogue between suncal and its stakeholders?
The possible solutions which might emerge from dispute between SunCal and its stakeholders would be, possibly build condos on a large tract of land, and not allow them to damage integrity or views of the park.
SunCal is a real estate broker that would like to develop condos on landing near Disneyland. So the Walt Disney Company is against this development. The company did not want visitors to notice the real world around them while visiting a fantasyland resort, Disneyland.
So the stakeholders who oppose the SunCal development activity have the power in their hands in order to block the developer’s plans through a lawsuit.
Hence, the possible solutions which might emerge from this dispute would be to make housing primarily for Disney employees.
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The country of gevalia exported products totaling $86 billion last year. during the same year, gevalia imported products valued at $43 billion. gevalia has a(n) ________.
The country of Gevarria exported products worth a total of $86 billion last year. same year, gevalia imported products valued at $43 billion. gevalia has trade surplus of $43 billion
Import and Export:
Imports and exports are instruments of foreign trade. Foreign trade in goods and services – including imports, exports, and foreign trade balances – is shown disaggregated into goods and services. Total imports, exports, and foreign trade balances are presented as summaries of goods and services.
Export refers to the sale of goods and services from the home country to a foreign country. Importing means purchasing a foreign product and importing it into the home country. It is also divided into two types
Directly
Indirect
Each country is endowed with specific resources, assets, and skills. For example, some countries are rich in natural resources such as petroleum products, timber, fertile soils, precious metals and minerals, while others are deficient in these resources.
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In the buying center, ryan answers the phones, receives and opens the mail, and monitors the incoming email. He sorts through all the sales solicitations and forwards the most interesting ones to his boss. Which role is he playing in this decision-making unit?.
In the buying center, Ryan answers the phones, receives and opens the mail, and monitors the incoming email. He sorts through all the sales solicitations and forwards the most interesting ones to his boss. The role that he is playing here in decision-making is of a gatekeeper.
In the decision-making unit of an organization a gatekeeper is someone who refines the information reaching various people working in the organization. They collect and process all the data that is reached to them and then decide where and to whom does to transfer this data.
Such a coordination helps in the better understanding and makes the tasks of every employee a lot easier.
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according to the midpoint method, the price elasticity of demand for oranges between point x and point y is approximately0.05 , which suggests that the demand for oranges is between points x and y.
Yes According to the Mid Point Method The degree to which customers are receptive to price changes is gauged by their price elasticity of demand.
WORKING OF MID POINT METHOD
Demand is considered to be elastic if consumer behaviour changes significantly in reaction to a minor change in price, as opposed to inelastic if customers alter their purchasing behaviour very little in response to a large change in price.
The percentage change in quantity subtracted from the percentage change in price represents the price elasticity of demand. The following formula may be used to calculate the percentage change in the number of oranges requested in this area using the midpoint method:To learn more about Mid Point Method, Click the links
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a shortage is defined as the situation that exists when the quantity of a good supplied is greater than the quantity demanded.
False, a shortage is defined as the situation that exists when the quantity of a good demanded is greater than the quantity supplied.
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When amount supplied at the market price is less than quantity demanded, a shortage results. More people than what is currently available are willing and able to purchase the good at the current market price.
A corporation manufacturing a good or service may have miscalculated demand, which prevented it from keeping up with demand, or government regulations like price-fixing or rationing may also be to blame.
Natural catastrophes that wreak havoc on a region's physical landscape can also result in shortages of necessities like food and housing, which raises the cost of those things.
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A good for which there is an inverse relationship between the demand for the good and income is?
A good for which there is an inverse relationship between the demand for the good and income is Inferior good.
What is Inferior good?
An economic term used to describe a good whose demand decreases as people's incomes rise is an inferior good. As incomes and the economy grow, buyers start switching to more expensive substitutes, which causes these products to lose popularity.
An inferior good is one whose demand declines with increasing consumer income (or rises with decreasing consumer income) in economics, as opposed to normal goods, for which the opposite is seen. The demand for normal items increases as consumer income increases.
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financial statements that show a column for the current year and the prior year are known as financial statements.
Financial statements that show a column for the current year and the prior year are known as comparative financial statements.
Economic statements are written information that brings the commercial enterprise sports and the economic performance of a business enterprise. monetary statements are often audited by means of government agencies, accountants, companies, and so forth. to make certain accuracy and for tax, financing, or investing functions.
Economic statements are formal information about the financial activities and position of a business, character, or other entity. applicable economic facts are supplied in an established manner and in a form that is simple to apprehend.
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The least important evidence of a cpa firm's evaluation of its system of quality controls would concern the cpa firm's policies and procedures with respect to?
The least important evidence of a cpa firm's evaluation of its system of quality controls would concern the cpa firm's policies and procedures with respect to determination of audit fees
Coverage is a deliberate system of tips to guide decisions and achieve rational effects. A policy is a statement of intent and is carried out as a method or protocol. policies are generally followed by way of a governance frame inside an corporation.
Coverage is a law, regulation, manner, administrative action, incentive, or voluntary exercise of governments and other institutions. policy selections are frequently reflected in aid allocations. health may be influenced by regulations in lots of unique sectors.
The term may additionally practice to authorities, public quarter agencies and agencies, as well as individuals, Presidential government orders, corporate privacy policies, and parliamentary policies of order are all examples of coverage. coverage differs from rules or law.
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tim berners-lee, cofounder of intel, observed in 1965 that continued advances in technological innovation made it possible to reduce the size of a computer chip while doubling its capacity every two years.
Tim Berners-Lee, cofounder of intel, observed in 1965 that continued advances in technological innovation made it possible to reduce the size of a computer chip while doubling its capacity every two years is a false statement.
Why is the statement above false?The statement about Tim Berners-Lee is false because the statement is actually about Gordon Moore.
He was the one who postulated the Moore's Law. Gordon Moore is known to be the co-founder of Intel, and he was also known to be the one who had correctly predicted in a 1965 paper that computer processing power would increase times 2 every two years
Therefore, Tim Berners-Lee, cofounder of intel, observed in 1965 that continued advances in technological innovation made it possible to reduce the size of a computer chip while doubling its capacity every two years is a false statement.
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Tim Berners-Lee, cofounder of intel, observed in 1965 that continued advances in technological innovation made it possible to reduce the size of a computer chip while doubling its capacity every two years. True or false
What accounts for the flattening of the total product curve as it goes to the right?
The principle of diminishing returns to an input. The U.S. Treasury finances budget commitments of the federal government through issuing several kinds of debt.
Investors' attention has been drawn to the shape of the Treasury yield curve due to a spike in short-term government bond yields, where the yield advantage that longer-dated assets typically enjoy over shorter-dated ones is on course to narrow at its quickest rate since 2011.
A narrowing of the yield spread between shorter-term and longer-term Treasuries, sometimes referred to as yield curve flattening, is frequently interpreted by money managers and economists as a symptom of concerns over economic growth and monetary policy uncertainty.
The $14.8 trillion Treasury market consists of 20- and 30-year bonds, notes from two years to ten years, and Treasury bills from one month to one year.
The link between market compensation rates and the amount of time before the maturity of debt instruments is represented by a yield curve. The term structure of interest rates is another name for a yield curve. The yield curves that the ECB publishes are displayed below. The relationship between market compensation (interest) rates and the amount of time until the maturity of debt instruments is represented by a yield curve, which is sometimes referred to as the term structure of interest rates.
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your buyer, chet, is a veteran trying to buy a house, but the certificate of reasonable value came in $10,000 lower than the agreed-upon sales price. what can chet do?
The buyer, Chet, is a veteran trying to buy a house, but the Certificate of Reasonable Value came in $10,000 lower than the agreed-upon sales price. A next logical move for Chet is to Negotiate with the seller.
What is a Certificate of Reasonable Value?Certificate of Reasonable Value—A C.R.V. is the Veterans Administration's appraisal commitment used to establish the value of property sought for acquisition by a veteran under the GI Bill of Rights.
What does it mean to negotiate?The purpose of negotiation is to resolve disagreements, obtain an advantage for a person or group, or construct results that meet multiple interests.
Distributive talks, also known as compromises, are performed by presenting a stance and making concessions in order to reach an agreement.
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the demand for dell laptops is more price elastic than the demand for laptops as a whole. this can be best explained by the fact that a. there are more substitutes for dell laptops than for laptops as whole b. there are fewer substitutes for dell laptops than for laptops as whole c. dell laptops are luxurious g
There are fewer substitutes for dell laptops than for laptops as whole. The demand for Dell laptops is more price elastic than the demand for laptops as a whole. This can be best explained by the fact that.
A. There are fewer substitutes for Dell laptops than for laptops whole.
B. There are more substitutes for Dell laptops than for laptops as a whole
C. Dell laptops are luxurious goods.
Dell sells PCs, servers, data storage devices, network switches, software, computer peripherals, HDTVs, cameras, printers, and electronics manufactured by other companies. The company is well-known for its supply chain management and electronic commerce. This includes Dell selling directly to customers and delivering desired PCs. Dell was a solely hardware vendor until it acquired Perot Systems in 2009. Dell then entered the IT services market. The company has expanded its storage and networking systems, and it now aspires to provide a range of technology to enterprise customers rather than just computers.
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