The benefits of a bank loan are as follows-
It could allow you to grow your businesses.It helps you to keep full control of your companyThere comes no interference from the bank as long as you make your repayments on time.It provides potentially favourable interest rates compared to credit cardsIt has familiar name with a well-established reputations.Loan is present when money is given to another party in exchange for repayment of the loan principal amount plus interest. Lenders will consider a prospective borrower's income, credit score, and debt levels before deciding to offer them a loan.
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Lamden Company paid its employee Trudy, wages of $61,500 in 2021. Of this amount, $2,400 was allocated to sick pay for two weeks due to Trudy’s spouse contracting COVID-19 and Trudy being quarantined. Trudy spent another 10 weeks at home caring for their children that were unable to attend school. Lamden allocated $10,000 in wages to family leave. Lamden allocated $6,000 of Trudy’s wages to the employee retention credit (5 weeks). The allocation of health care costs is $200 per week. Assume that all sick leave and family leave were taken after April 1, 2021. Compute Lamden’s:
Round your answers to two decimal places.
Credit for sick pay
The credit for sick pay according to the information given above is: approximately $2,365.39
What is Credit for Sick Pay?According to IRS standards, the COVID sick leave provision requires employers to pay sick leave earnings for up to two weeks (or 80 hours) at the highest of the following rates:
Regular rate of pay of the employee Minimum wages as defined by the Labor Standards Act of 1938 Minimum wage rate in force for the employee in the appropriate stateSubject to a daily maximum of $511 and a total of $5,110.
Given that the employer must pay $511 per day or $5,110 in total
We can use Trudy's wage to compute the Sick Pay.
Recall that Trudy's wages = $61,500
Number of weeks rudy sick = 2 weeks
Hence Sick pay = $61,500 / 52 x 2 weeks
= 2,365.3846
[tex]\approx[/tex] $2,365.39
Hence, Rudy's Credit for Sick Pay is : $2,365.39
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What are the general features of the financial institutions?
Financial institution: It provides advances and loans to customers, high return rate, highly rated advice to customers for their profitable investments, and acts as a depository for customers.
What is financial system and what is the responsibility of financial institutions?A financial system is an economic arrangement that facilitates the movement of funds and assets between borrowers, lenders and investors by financial institutions. Its goal is to efficiently allocate economic resources to drive economic growth and generate a return on investment (ROI) for market participants.A financial institution is an entity that facilitates financial transactions and acts as an intermediary in financial transactions.Financial institutions have a variety of functions, including banking services, wealth accumulation, financial regulation, pension fund services, and national economic growth.Who are the major financial institutions?The main categories of financial institutions are Central Banks, Retail and Commercial Banks, Internet Banks, Credit Unions, Savings and Lending Institutions, Investment Banks and Investment Firms, Brokerage Firms, Insurance Companies and Mortgage Lenders. IMF.
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What are 3 benefits of a savings account?
Answer:
1. Earning interest - Savings accounts typically earn more interest than a checking account. This means that the money in your savings account will grow over time.
2. Safety - Savings accounts are generally FDIC insured, meaning that the money you have in your account is protected from loss if the bank fails.
3. Liquidity - Savings accounts are highly liquid, meaning you can access your money when needed.
Explanation:
one management responsibility is to identify when to create ______, not simply when to mitigate it.
One management responsibility is to identify when to create conflict, not simply when to mitigate it.
What kind of conflict resolution?The goal of conflict management is to lessen its negative effects while enhancing its positive ones. The goal of conflict management is to improve learning and group outcomes, including the issue of effectiveness or that of performance in terms of an organizational setting.
Therefore, A conflict is a struggle that results from a collision of interests, viewpoints, or even moral principles. There will always be conflict in society, and its causes can range from personal to racial to class-based to caste-based to political to international.
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What is a difference between payroll and income taxes payroll taxes are itemized?
A difference between payroll and income taxes are in a payroll tax some part is at least paid by the employer like in medical care tax while in income taxes it is fully paid by employees.
What are taxes?The taxes are compulsory fees that individuals and organizations are required to pay to the government to support public services and government operations. It is calculated as a percentage of income or the value of goods or services.
Taxes can be imposed on various sources of income or economic activity, including personal income, property ownership, sales of goods and services, and corporate profits.
A difference between payroll and income taxes are in a payroll tax some part is at least paid by the employer while in income taxes it is fully paid by employees.
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Phillips Equipment has 6,500 bonds outstanding that are selling at 96.5 percent of par. Bonds with similar characteristics are yielding 6.7 percent, pretax. The company also has 48,000 shares of 5.5 percent preferred stock and 75,000 shares of common stock outstanding. The preferred stock sells for $64 a share. The common stock has a beta of 1.32 and sells for $41 a share. The preferred stock has a stated value of $100. The U.S. Treasury bill is yielding 2.2 percent and the return on the market is 10.6 percent. The corporate tax rate is 21 percent. What is the weighted average cost of capital?
The weighted average cost of capital for Philips Equipment is 8.09%
How to calculate the cost of capital?Assuming face value of bond to be $1,000
Price of bond = 0.965 * 1000 = 965
Market value of bond = 6,500 * 965 = 6,272,500
Market value of preferred stock = 48,000 * 64 = 3,072,000
Market value of common stock = 75,000 * 41 = 3,075,000
Total market value = 6,272,500 + 3,072,000 + 3,075,000 = 12,419,500
Annual preferred dividend = 0.055 * 100 = 5.5
Cost of preferred stock = (Annual dividend / price) * 100
Cost of preferred stock = (5.5 / 64) * 100
Cost of preferred stock = 8.5938%
Cost of equity = Risk free rate + beta (market return - risk free rate)
Cost of equity = 0.022 + 1.32 (0.106 - 0.022)
Cost of equity = 0.13288 or 13.288%
The weighted average cost of capital = Weight of debtafter tax cost of debt + weight of preferred stockcost of preferred stock + weight of equity*cost of equity
Weighted average cost of capital = (6,272,500 / 12,419,500)0.067(1 - 0.21) + (3,072,000 / 12,419,500)0.085938 + (3,075,000 / 12,419,500)0.13288
Weighted average cost of capital = 0.02673 + 0.02126 + 0.0329
The weighted average cost of capital = 0.0809 or 8.09%
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What is supply and market equilibrium?
When market supply are in balance, prices become steady. This is known as equilibrium. Typically, when there is an abundance of a good or service, prices decline.
What is market meant to mean?The entire number of market participants there in geographical territory of discussion is referred to as the market. Terra, as well as several nations, regions, provinces, & cities, may be the subject.
And what were the 4 different industry types?The four types of financial market structures are oligopoly, monopoly, perfectly competitive, and monopolies. The following characteristics explain why the categories are different: In oligopoly, there are few producers, many others in perfect and robust competition, and just one in monopoly.
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A manager who is very focused on ensuring that all employees are following the reimbursement policies when it comes to expense reports and wants to make sure that every employee follows the rules for which expenses are eligible for reimbursement is likely focused on an ethical criterion of _____________. Question 14 options: utilitarianism outcomes consequences justice
A manager who is very focused on ensuring that all employees are following the reimbursement policies when it comes to expense reports and wants to make sure that every employee follows the rules for which expenses are eligible for reimbursement is likely focused on an ethical criterion of justice. Therefore, the correct answer option is: D. justice.
Who is a manager?In Business management, a manager can be defined as an individual who has been trained to acquire and distribute resources, as well as provide guidance, support, administrative control, and supervision to the employees who are working in a business organization, especially by being morally upright, ethical, well behaved, friendly, managing costs, and promoting the business's vison, culture, and values at all times.
Based on the ethical criterion of justice, it is mandatory that a manager imposes and enforces rules fairly and impartially for all the employees working within a business organization, in order to ensure that there is an equitable distribution of benefits and costs.
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The complete statement is "A manager who is very focused on ensuring that all employees are following the reimbursement policies when it comes to expense reports and wants to make sure that every employee follows the rules for which expenses are eligible for reimbursement is likely focused on an ethical criterion of justice. " Option D
Who are the managers?In the field of business management, a manager is someone who has received training in the acquisition and distribution of resources as well as in providing direction, support, administrative control, and supervision to the workers who are employed by a business organization.
This training includes being morally upright, ethical, well-behaved, and friendly, managing costs, and constantly promoting the company's vision, culture, and values.
In order to maintain an equal distribution of benefits and expenses, a manager must create and enforce regulations for all personnel operating inside a commercial organization in accordance with the ethical standard of justice.
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How long has safety been considered in the workplace?
Concerns about workplace safety first emerged in Europe during Industrialisation with labor movement.
What's the full meaning of safety?Being protected from danger or harm is really the state of someone being safe. The paper continues by offering several suggestions for enhancing airplane safety. Synonyms include assurance, security, protection, and safeguards. More safety synonyms 2. uncountable noun [often a NOUN preposition].
Why is safety in important?In terms of morality, nobody wants to get wounded, and nobody enjoys seeing someone else receive hurt. Safety is crucial for financial reasons: You incur costs as a result of an accident. This can be bad for your company.
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Is it best to a low interest rate?
I accept the response: Low loan fees urge purchasers to get and spend, while exorbitant financing costs support saving.
Which is the reason banks will generally give low loan fees when the economy is getting along nicely, to elevate development to all suitable monetary areas. Exorbitant loan fees then again, will more often than not be executed during expansion. At the point when individuals are urged to save, how much cash flowed in the market would be diminished, and the upsides of the money would go up.
Low loan fees are great for the economy since additional individuals will want to manage the cost of installments. They can then get home loans and Visas which implies more cash is spent in the economy.
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What are common tax deductions?
Student loan interest, retirement plan contributions, and house mortgage interest are a few of the most popular tax deductions.
However, these aren't the only tax breaks you may be qualified for. Deductions should always be investigated, whether you utilize an accountant or do your own online tax filing.
A tax deduction is what?
Your taxable income is decreased by a tax deduction, which decreases your overall tax burden. Your taxable income decreases as a result of deducting the tax deduction from your income. Your tax obligation decreases as your taxable income decreases.
An example of a tax credit
A tax credit lowers your real tax obligation dollar for dollar. A few credits are refundable, so if your tax obligation is $250 but you are eligible for a $1,000 credit, you will get a check for the $750 shortfall. (The majority of tax credits are not refundable, though.)
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what are the 4 factors of production and give an example of each
There are four factors of production land, labor, capital, and entrepreneurship.
Production is the process of combining different material and immaterial inputs to create something for consumption. It is the act of producing an output, such as a good or service, that has value and contributes to people's utility. Production theory, which is intertwined with economic consumption theory, is the branch of economics that focuses on production.
The production process and output are directly related to the productive utilisation of the original inputs. Land, labor, and capital are regarded as the three fundamental production factors and are referred to as primary producer goods or services.
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c. Include adjusting entries such as the following:
i. Deferral Expense
ii. Deferral Revenue
iii. Accrued Expense
iv. Accrued Revenue
d. Prepare an adjusted the trial balance
e. Develop the Financial Statements for XYZ company
f. Prepare closing entries and postclosing trial balance
what percentage of u s oil is imported
what percentage of u s oil is imported ? 72% of U.S
Crude oil imports of about 6.11 million b/d accounted for about 72% of U.S. general gross petroleum imports in 2021, and non-crude oil petroleum accounted for about 28% of U.S. total gross petroleum imports. In 2021, the united states exported about eight.54 million b/d of petroleum to 176 international locations and four U.S. territories.
Petroleum, additionally known as crude oil, or virtually oil, is a obviously taking place yellowish-black liquid mixture of mainly hydrocarbons,and is determined in geological formations. The call petroleum covers each certainly taking place unprocessed crude oil and petroleum merchandise that encompass subtle crude oil. A fossil gas, petroleum is shaped when huge portions of useless organisms, normally zooplankton and algae, are buried below sedimentary rock and subjected to both prolonged heat and stress.
Petroleum is mostly recovered by using oil drilling. Drilling is done after studies of structural geology, sedimentary basin evaluation, and reservoir characterisation. recent traits in technology have additionally led to exploitation of different unconventional reserves inclusive of oil sands and oil shale.
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In order to be successful, producers have to determine what consumers want and
what they desire.
how much they are willing to pay.
how many other producers are going to produce the product.
how to sell it.
In order to be successful, producers have to determine what consumers want and what they desire and how much they are willing to pay.
Who is a producer?A producer can be defined as the person that manufactures or produce goods and services.
A producer that want to be successful needs to know or understand what consumers want as well as how much consumers they are willing to pay for it. Understanding this will help the producer knows how to meet the needs of their customers so as to enables the consumer derived satisfaction from the product of the producer.
Therefore the correct option is A, B.
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How do you pack eggs for shipping?
To pack eggs for shipping, you should first place them in a container that is crush-proof and secure. Make sure to fill any extra space in the container with cushioning material such as bubble wrap or Styrofoam peanuts.
What does Styrofoam peanuts means?
Styrofoam peanuts are a type of packing material made from expanded polystyrene foam. They are commonly used to fill the empty spaces in boxes so that items can be shipped safely and securely.
What is polystyrene foam?
Polystyrene foam is a type of plastic foam commonly used for insulation and cushioning. It is made from petroleum byproducts and is lightweight, durable, and inexpensive. Polystyrene foam can be cut and shaped into a variety of forms for a variety of applications, including packaging, insulation, and construction.
Also additionally, mark the outside of the container with “Fragile” or “This Side Up” to alert the handlers of the precious cargo inside. Lastly, be sure to use an expedited shipping service like overnight or two-day to reduce the risk of breakage.
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in a perfectly competitive industry the market price is $10. if a firm determines that its marginal cost is $7 then it should?
The market price in a completely competitive industry is $10. If a company determines that its marginal cost is $7, it should not be able to sell anything.
What is marginal cost?The marginal cost refers to the increase in manufacturing costs caused by the production of additional product devices. It is also known as the marginal cost of manufacturing. Calculating the marginal cost allows businesses to see how the number of output influences cost and, as a result, profitability in the long run.
The extra value to provide additional precision is known as marginal value. Assume the cost of producing a hundred vehicle tires is $100.It would cost $80 to create one more tire. That is the marginal price: how much it costs to make one more unit of an awesome or carrier. The marginal cost is determined by the production costs.The trade-in amount is the increase or decrease in production volume. Costs might differ depending on whether manufacturing grows or shrinks. This brings the item on the marginal pricing system, which plays a vital role in production, to a close.To learn more about marginal cost, click
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an owner is considering installing a below-ground swimming pool, which will cost many thousands of dollars to build. before hiring a contractor, the owner should consider the concept of
Owner should think about real estate taxes before employing an independent contractor for the development of the work.
ContractorsAn example of an independent contractor is an auto mechanic who has a station license or resale license, buys the parts required for the maintenance, sets his or her own expenses, collects from the customer, sets his or her own hours and days of work, and owns or rents the shop from a third party.
You are hired by yourself if you are an independent contractor. The income of someone working as an independent contractor is subject to self-employment tax. Visit the Self-hired individual's Tax center to learn more about your tax obligations.
The Contractor shall erect and properly maintain at all times, as required by the conditions and development of the work, including barriers, shoring, supports, braces, lighting, hazard signs, and essential safeguards, as will protect workers and the public and as will effectively prevent any harm and injury to persons.
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What is a register for a checkbook?
Which executive agency would most likely investigate cases of espionage the Central Intelligence agency the Department of State?
The Central Intelligence Agency (CIA) would most likely investigate cases of espionage. The Department of State may be involved in the investigation, but the CIA would typically lead the investigation.
What is CIA?
The Central Intelligence Agency, also known as the Agency or the Company historically, is the federal government of a United States' civilian foreign intelligence service. Its official duties include gathering, processing, and analysing information related to national security from all over the world, primarily using human intelligence (HUMINT) and carrying out covert operations. The CIA, which is a key component of the US intelligence community (IC), reports to a director of national intelligence as well as focuses on gathering intelligence for the US president and cabinet. On January 22, 1946, President Harry S. Truman issued an executive order establishing the Central Intelligence Group, which was headed by a Director of Central Intelligence.
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What is tamper proof packaging?
Tamper-proof packaging is intended to offer the highest level of protection throughout the storage and transportation of valuable or delicate items.
Tamper-proof packaging has a variety of characteristics, including a flat bottom to prevent access, a printed tear strip on the upper flap that is impossible to replace, and two locking tabs that, if broken, drop into the case, to guarantee that any interference can be recognized.
Food packaging that is tamper-evident is made with unique closures that reveal whether the container has been damaged, opened, or unsealed. Broken closures warn you of possible product tampering if you sell packaged goods, allowing you to discard the merchandise. Most importantly, it gives the buyer peace of mind that the goods they buy are brand-new, secure, and unopened after being wrapped.
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Marketer’s say prohibition of tracking takes away the marketer’s legitimate right to study consumer behavior. Which side do you agree with and what are your two reasons for doing so?
Marketers say the prohibition of tracking takes away the marketer’s legitimate right to study consumer behavior.
I agree that Marketers may track customer purchases without abusing the data. They should try to keep customer information private to protect clients.
it's profitable for the customerIt also makes the marketer's job easierWhat is Customer behavior?Generally, Marketers are allowed to monitor consumer purchases as long as they don't abuse the data they get. To preserve the privacy and safety of the clients, they should take efforts to stop any client information from being released.
Since it enables better customer communication, it is crucial for marketers. They can reduce the market gap and find needed goods and outmoded goods by analyzing how customers choose products.
Customer behavior must be taken into account in your company's marketing plan. Thanks to this knowledge, you can organize your resources, make wise choices, and focus on a larger consumer base. The goal is to reach your target market with the appropriate advertising at the appropriate moment.
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dollar diplomacy president
Dollar diplomacy president refers as Diplomacy used by a country to promote its financial or commercial interests abroad. : diplomacy that seeks to strengthen the power of a country or effect its purposes in foreign relations by the use of its financial resources.
President Taft turned into extra dedicated to the expansion of U.S. overseas change than was Roosevelt. He pursued a software, called "dollar diplomacy," designed to inspire U.S. investments in South and significant American, the Caribbean, and the a long way East.
Notwithstanding successes, “dollar diplomacy” failed to counteract economic instability and the tide of revolution in places like Mexico, the Dominican Republic, Nicaragua, and China.
Dollar diplomacy turned into enormous in widening the us's monetary market, and it set up the us as a fundamental electricity.
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What is an example of a SMART goal in business?
Paying off the business's debt may be one example of a SMART goal. Doing so would free up more funds for initiatives like employee pay raises and other endeavors. Specific: Repay $10,000. Measurable: By keeping an eye on our cash flow as we go and tracking our performance month to month, we can monitor our progress.
What does a SMART goal statement look like?
An example of a SMART goal statement would be: Our goal is to [quantifiable target] by [timeframe or deadline]. [Key players or teams] will succeed in this goal by [what actions you'll take to achieve the goal]. The accomplishment of this goal will [have a consequence or benefit].
What exactly is a SMART goal?
A SMART goal ought to be time-bound, specific, measurable, achievable, and realistic.
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Which of the following statements is most appropriate? Explain
A. In a joint-stock company, the issue of conflict of interest between the owner and the operator sometimes occurs.
B. The type of joint stock company is a suitable choice in business because it is not taxed twice on income.
C. The typical type of enterprise selected for research in corporate finance is a joint stock company because it has characteristics that other types of businesses do not have, which is the separation between ownership and operation.
D. It is easy to resolve conflicts of interest between owners and operators, by increasing operator salaries
A. In a joint-stock company, the issue of conflict of interest between the owner and the operator sometimes occurs.
big stick diplomacy strengths and weaknesses
Strength in big stick diplomacy lay in enthusiastic and energetic global action, desire to bring the United States into the global world. Its drawbacks led to unequal power dynamics and associated vices between Latin America and the United States.
What was the threat behind Roosevelt's big stick diplomacy?Intended to negotiate peacefully, but can also show strength in case something goes wrong. The "big stick" or threatening at the same time as the military is strongly tied to the idea of real politics, which means the search for political power akin to Machiavelli's ideals.
What was big stick diplomacy based on?After taking office, Theodore Roosevelt promoted a "big stick" diplomacy that relied on a strong US military to achieve American goals. Roosevelt used this forceful approach to intimidate Colombia and gain control of Panama's "Canal Zone."
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What is a problem that consumers faced in the 1920s ?
A hassle that consumers confronted in the 1920s groups invested in advertising and marketing to boom demand. companies provided credit for human beings without problems purchasing goods. consumers needed to pay better taxes on items.
customers sold too many goods they could not have the funds for. The past due Twenties is the time of the first-rate depression, in step with financial history. The range of products produced multiplied, and people purchased more than they might pay.
Consumerism came into its very own throughout the Twenties due to mass manufacturing, new products available on the market, and progressed advertising techniques. With extra enjoyment time to be had and money to spend, individuals had been keen to personalize trendy items.
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What are the 3 main things an entrepreneur needs in order to be successful?
The three main things an entrepreneur needs in order to be successful are: time, resilience-effort and risk taking mentality.
The ability to remain resilient in the face of any challenges that may arise during their startup journey is said to be the most common quality that all successful entrepreneurs possess, according to experts from around the web.
One of the most crucial abilities for busy entrepreneurs to have is effective time management, which will ensure the smooth operation of their company. As the company's leader, you must allot the appropriate amount of time to each work, regardless of how full your schedule may be.
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What are the 4 phases of business?
No matter how big or little, every business experiences the four stages of business growth: startup, growth, maturity, renewal, and decline.
How would you define business?An innovative company or group that engages in professional activities is referred to as a business. They could be industrial, commercial, or something else. Businesses that are for profit operate to make a profit, whereas those that are nonprofit do so to further a philanthropic cause.
What is elementary business?The first measures you should take to be a successful entrepreneur are to learn the fundamentals. You may build a sustainable firm by doing market research and understanding your consumers' wants and expectations, but you should initially start with the fundamental business skills needed.
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Adam has a home appliance store that sells electronics such as refrigerators, television, video recorder, vacuum cleaner, microwaves and many others. For a long time, he used cash-paying methods at the lowest price. Although he does not have many customers, the ones he has are loyal the store. However, with a new store opening nearby selling similar goods, his area his business starts to deteriorate.
Ever since the sales decreases, Adam faces operation expenses problems, since the margin of his business is not enough to cover the overhead cost like rent, salary and other payments. The fact that Adam is a very honest person and has a good relationship with customers does not stop the buyers from choosing other options provided at the new nearby store. Adam later realises that the new store actually sells electronics at a higher price than him.
Adam is now struggling but trying to figure out the best solution to his increase his sales. He is also still figuring out whether he will change his payment methods.
Based on the above, write an essay on how Adam can improve the sales of his store. You have to include the following points:
1. Adam has been using cash payment method for a long time. Elaborate on the advantages of this method.
2. In your opinion, why did Adam’s customers prefer the new even though the prices are definitely higher than Adam’s?
3. Suggest new ways or methods that may be effective for Adam’s shop. Make sure to elaborate on the characteristics and advantages of your idea.
Take note that the answer must be written in an essay form. It should contain at least 750 to 1000 words.
Adam has been using cash payment method for a longest time but he can also try to include online payment.
How can Adam improve the sales of his store?Adam has a home appliance store that sells electronics such as refrigerators, television, video recorder, vacuum cleaner, microwaves and many others and he used cash-paying methods at the lowest price. Adam is a very honest person and also has a good relationship with customers but still they are choosing other options provided at the new nearby store. Adam realizes that the new store sells electronics at a higher price than him.
Adam has been using cash payment method for a long time but he can try to include other modes of payment also like online payment . That will enable customers to buy even when they do not have enough cash. Online payments are faster than cash or cheque, have higher Security.
Many people prefer online payment because it's more convenient and saves time and they will be less likely to delay the payment of their bills.
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