1. The amount by which the inventory on May 31 exceeded the company’s policies is €53,000.
2. The preparation of the budget schedules for June, July, and August for purchases and for disbursements for purchases is as follows:
a) Purchases:May June July August
Cost of goods sold 180,000 174,000 204,000
Ending Inventory €230,000 171,600 198,600 231,000
Goods available for sale 351,600 372,600 435,000
Beginning Inventory 230,000 171,600 198,600
Purchases €150,000 121,600 201,000 236,400
b) Disbursement for purchases:May June July August
20% during the month 24,320 40,200 47,280
80% following month 120,000 97,280 160,800
Total disbursements €144,320 €137,480 €208,080
How is the difference between actual inventory and inventory per company policy determined?Expected ending inventory = €15,000 plus 90% of the next month's cost of goods.
Cost of goods sold = 60% of sales
Purchase terms = net 30 days
Purchase payments:
20% during the month
80% following month
May June July August September
Expected Sales €300,000 €290,000 €340,000 €400,000
Cost of goods sold 180,000 174,000 204,000 240,000
Purchases €150,000
Ending Inventory €230,000
= €15,000 plus 90% of €180,000 = €177,000
Excess ending inventory for May = €53,000 ( €230,000 - €177,000)
Data and Calculations:Purchases:May June July August September
Expected Sales €300,000 €290,000 €340,000 €400,000
Cost of goods sold 180,000 174,000 204,000 240,000
Ending Inventory €230,000 171,600 198,600 231,000
Goods available for sale 351,600 372,600 435,000
Beginning Inventory 230,000 171,600 198,600 231,000
Purchases €150,000 121,600 201,000 236,400
Disbursement for purchases:20% during the month 24,320 40,200 47,280
80% following month 120,000 97,280 160,800
Total disbursements €144,320 €137,480 €208,080
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Needs, product, source, price, and time could all be known as ______.
A.) Customer objections to a sale
B.) Economic services
C.) Sales promotion
D.) Channel management function
Answer:
C
Explanation:
I asked my mom lol
Needs, product, source, price, and time could all be known as Channel management function. The correct option is d.
The channel management part of marketing includes essential components such as needs, product, source, price and time. Channel management entails organizing and carrying out the delivery of goods and services from the producer or manufacturer to the final customer. Determining the best products to offer requires an understanding of customer needs and preferences.
A steady and trustworthy supply chain is ensured by choosing the appropriate sources and suppliers. Pricing tactics are essential for luring clients and ensuring profitability. For the satisfaction and loyalty of the customer timely delivery is essential. A smooth flow of products or services, satisfaction of customer needs and optimum efficiency and effectiveness of the distribution process are all benefits of effective channel management.
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The Video link is in the Microsoft word.
From the video, list the various problems Tesla is experiencing and addressing.
How often does Elon Musk mention himself vs. the workers in solving the problems discussed?
Provide an opinion of your answer
Answer:
Explanation:
Is travel a good or a service?
Answer:
service
Explanation:
Someone is helping you travel to your destination, whether it be a pilot or a driver.
Answer: Travel would be a Service
Explanation: It would be Service because you are receiving services from the person that booked your flight as well as the person that is flying you around to have your business trip or your vacation trip.
explain a systematic process that mattek could apply to analyse its supply chain
.
In supply chain enviornment, there is proper management of goods provide to customer
The term "natural environment" or "natural world" refers to all naturally occurring, that is, unmanmade, living and non-living phenomena. The phrase is most frequently used to refer to the Earth or specific regions of the Earth. This environment includes how all living things interact with one another as well as the climate, weather, and natural resources that have an impact on human survival and economic activities. Following are some components that make up the idea of the natural environment: Ecologically complete units that include all flora, microbes, soil, rocks, atmosphere, natural occurrences that take place within their bounds, and their nature. These ecological units function as natural systems without significant human interference. Energy, radiation, electric charge, and magnetism are universal natural resources and physical phenomena that don't have distinct borders, such as air, water, and climate. They also don't come from civilized humans.
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Which of the following is not one of the basic questions all economies must answer? a. What goods will be produced? b. Who will get the goods and services that are produced? c. How will the level of technology be determined? d. How are goods and services going to be produced
Option is the best decision (c). The topic of how technology will be measured is not one that all economies must provide a solution to.
Economics, what is it?Economics is the study of scarcity and its effects on resource use, the creation of commodities and services, the expansion of production and welfare over time, as well as a wide range of other complicated concerns of paramount importance to society.
What are the three fundamental economic queries?The term "economic system" refers to any process for allocating finite resources. The three main issues that economic systems try to solve are: what will be produced, how will it be produced, and how will society distribute the output it produces. In the answers to these questions, there are two extremes.
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What do you believe are some
advantages of having wealthy
investors buy farmland? What do
you believe are some
disadvantages to these investors
buying farmland?
some of the advantages and disadvantages of having wealthy investors buying farmland are discussed below.
The advantages of investors for buying farmland include:
A good investment, regardless of what you're investing in, produces great returns. Let's face it: you're not investing just to possess assets; you're investing to attain financial stability, improve your net worth, or plan for a pleasant retirement. Life isn't all about money; your investments, on the other hand, are all about the Benjamins.There is a limited quantity of land. Sure, the Earth is a large globe, but it is not expanding! As the world's population grows, more homes will need to be built, and farms will need to provide more food for people to consume. As this tendency continues, land values are only going to rise further, resulting in considerable price increases. The only way to profit from agricultural investments is through price appreciation.Farms are busy businesses that generate revenue year after year. You may make reasonable returns by producing crops on your farms as long as you own farmland. Of course, operating a farm may be costly and time-demanding, but as we'll see momentarily, there are other methods to invest in farming. Unless you own the property and operate it yourself, farming activities are handled by a third company. By conducting your research and investing in farmland that is best suited for high-value crops, you will be able to produce significant passive income from your assets. However, a few things impact a farm's passive income.First and foremost, the world population is rapidly expanding, and this expansion is accelerating. This pattern is predicted to persist in the near future. After all, having more kids now means having more weddings in 20 years and having more children. According to SeafoodSource, around 2.3 billion people will be added to the world population by 2050, necessitating 70% more food than the current global population. Because of the increased demand for commodities grown on farms, the value generated per acre is expected to rise considerably in the future decades. As a result, there's a strong case to be made that farmland isn't only a good investment in terms of price appreciation, but it's also worth hanging onto in the long run.The disadvantages of investors for buying farmland include:
Market Safety: The amount of money you generate from crops on your farm is largely influenced by commodity pricing. If commodities decline in value, your farming assets are likely to underperform.Risk of Liquidity: Selling a stake of Apple stock is significantly easier than selling a plot of land. When investing in farmland, you may be trapped with it for years before finding a buyer.Unfavorable Weather Conditions: Severe weather or an unexpectedly hard winter or summer might result in lower-than-expected yields, thereby reducing your return on investment.Excessive Exposure: Purchasing farmland isn't cheap, and with limited supply, it's just going to grow more costly. As a result, farmland investments are often limited to individuals possessing a high-value investment portfolio.Hence, the above-mentioned are the pros and cons of investors buying farmland.
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how you would relate understanding yourself with your bshm course?
Bachelor of Science in Hospitality control BSHM is a degree application that supplies schooling to individuals who are fascinated to build a career in the entertainment enterprise involving the making of plans, improvement, implementation, and manipulation of culinary and accommodation billeting operations.
The Bachelor of technological know-how in Hospitality control is a ladderized program that prepares college students to have employable abilities at each academic twelve months degree for them to be competitive in the hospitality enterprise locally and globally. This additionally prepares the scholars to be entrepreneurs.
One of the reasons to look at hospitality management is as it gives first-rate process and career possibilities for everybody who desires to get concerned in the world of tourism. Hospitality management schools offer entire training for lively enthusiastic humans who have a passion for humans and providers. Hospitality's ability to harness and foster this factor is quite an appealing advantage for newcomers and veterans alike Appreciation.
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If Lesley can produce two pairs of pants in an hour while Eva can make one
pair an hour, then
A.) Lesley has a comparative advantage.
B.) Eva has an absolute advantage.
C.) Lesley has an absolute advantage.
D.) Eva has a comparative advantage.
E.) Lesley has a comparative disadvantage.
1 point
Answer:
The answer is, Lesley has a comparative advantage.
Explanation:
Lesley has a comparative advantage over Eva because she can produce two pairs of pants in the same amount of time that Eva can produce one.
Think of a product you buy that is differentiated through quality. Do you believe the manufacturer's strategy to differentiate this product through quality is sustainable, or will the manufacturer eventually have to find other ways to attract you to the product? Explain your answer and include the product/manufacturer in your response.
Answer:
What the manufacturers try to do for it to look and feel high quality is a nice and good quality package like the iPhone boxes that feel nice when you have it in hand and looks nice too for you to think the iPhone is better and more supreme because the the box is good quality
Explanation:
11. Pedro earned gross income of $35,200 last year. If he took the standard deduction of $5,450 and one
exemption for $3,500, what was his taxable income for the year?
Answer:
1,500
Explanation:
If Mary owes the IRS $5,000 for her income taxes and is in the 15% marginal tax bracket, what would be her average tax rate if she had taxable income of
$41,667?
O About 12%
O About 13%
O About 14%
O About 15%
How have cloud-based applications changed the way people edit documents?
We can actually deduce here that cloud-based applications has changed the way people edit documents by allowing multiple users to access, review and edit a document in real time but from different locations.
What is cloud-based application?A cloud application is actually known to be a software application that is known to be deployed in a cloud environment and not actually hosted on a local server but accessible via the internet.
Cloud computing is the technology that is changing how people store and share files. Documents can be stored in the cloud system for years and accessed from anywhere and at anytime.
We see here that with cloud collaboration multiple users can work on a document at real time.
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Prompt What is economic utility?
Answer:
Economic utility refers to the usefulness or value that consumers experience from a product or service and can be judged based on the form, time, place, and possession
When you add the value of Aurora's benefits to her salary, how much is she earning per year?
Answer: $32500
Explanation: i did 30% of 25000 and it is 7500 so i add 25000 to it and got $32,500.
Imagine that you are called for an interview for the position of a team leader in an IT firm. Mention the behavioral skills that you should possess to qualify for this position, apart from the professional qualifications.
The behavioral skills that the person vying for the team leader position should have include:
Time ManagementCommunication skillsPatienceSelf-improvementEmotional Intelligence,Self-confidenceWhat are behavioral skill?The ability to communicate with others and react to specific situations depends on a person's behavioral skills. These abilities can be used to interpret a person's behavior, ideas, and feelings. Many behavioral traits are social abilities that aid in interpersonal connections and relationship formation.
A team leader is a qualified individual in charge of managing, directing, and guiding a whole team. They are in charge of energizing their team members and encouraging open communication among them so that they can cooperate to accomplish objectives.
In this case, it's important that they have good communication skills to enable then communicate well with their team members.
The person should also be confident and have a positive mindset.
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Which statement is accurate regarding account planning
The ideal decision is (d). In many renowned advertising companies, it is taking the place of the research sections.
What does advertising account planning entail?Sales, marketing, and account management professionals utilize account planning as a marketing approach to target their existing clientele. To better comprehend the demands and motivations of their clients and build enduring relationships with them, they might develop account plans.
What do account planners at marketing firms do?Each campaign's strategic direction is driven by the account planner, who also makes sure that the creative work not only suits the brand but is also strategically targeted. Although the Account Planner plays a crucial function, many agencies assign account planning duties to the Account Manager or Director.
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Which of the following is accurate in discussing account planning?
a. It is taking the place of brand management
b. Its cost is less than that of relying on secondary sources
c. It eliminates the need for secondary research
d. It is replacing the research departments in many highly regarded ad agencies
This chapter has suggested that companies can compete on the bases of their problem solving ability and their transfer ability. How would the way in which marketing was organized be different between companies whose orientation was toward problem solving and those that concentrated on transfer ability?
Answer:
balls
Explanation:
in yo jaws
What is the measure of how much revenue a business receives, and how do we calculate
(total revenue)
Revenue is the money earned from normal business operations and is calculated by multiplying the average sales price by the number of units sold.
Total revenue includes all income from total sales of goods and services, regardless of revenue source: sales, marketing, customer success, and investments.
Total revenue is almost always greater than sales revenue because it represents the sum of a company's revenue-generating channels. As a result, the total revenue calculation differs slightly.
Total revenue is significant because it provides businesses with a high-level understanding of the relationship between pricing and consumer demand for a new unit of product at any given time.
The total revenue formula is straightforward:
Total Revenue = Price x Quantity Sold
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STARWIN PRODUCTS LIMITED RENOUNCEABLE RIGHTS ISSUE Following approval by Starwin Products Limited’s (“SPL” or the “Company”) shareholders at their Annual General Meeting on 19 June 2013, the Company embarked on a Renounceable Rights Issue (“Offer”) of 333,359,264 ordinary shares of no par value at GHS 0.03 per share to interested shareholders. The Securities and Exchange Commission (“SEC”) and the Ghana Stock Exchange (“GSE”) approved SPL’s Offer Circular on 29 August 2014 and on 4 September 2014, respectively. IC Securities (Ghana) Limited (“IC Securities”) is the Financial Advisor and Sponsoring Broker for the Offer. On 17 November 2014, a shareholder of the Company (“Applicant”) filed a motion to restrain Starwin Products Limited and IC Securities from proceeding with the issuance of additional shares described as a Renounceable Rights Issue. On 8 December 2014, the Accra High Court before Justice Samuel K.A. Asiedu, Justice of the High Court, dismissed the motion on the basis of no merit in the evidence provided by the Applicant. The Offer period closed, and all shareholders who took part in the Offer received their subscriptions on 17 December 2014. a) How much was SPL hoping to raise? b) Before the rights issue, SPL had issued 259,647,284 shares which were trading at GHS 0.04 per share. If all existing shareholders exercised their rights, what was the value of SPL at the end of the rights issue (all things equal)? c) SPL is registered in Ghana. How many rights must have been issued? d) Each right entitled the holder to buy how many new shares?
a) The total amount that SPL hoped to raise in the rights issuance was GHS 10,000,777.92.
b) The value of SPL at the end of the rights issue, all things being equal, was GHS 23,720,261.92.
c) The rights that SPL issued were 333,359,264 ordinary shares.
d) Each share entitled the holder to buy 1.284 shares in the rights issuance.
What are rights issues?The rights issue is the issuance of shares at a special price to a company's existing shareholders.
Right issues are offered in proportion to shareholders' holding of existing shares.
Data and Calculations:Number of rights = 333,359,264 ordinary shares
Price per share = GHS 0.03
Total value from rights issuance = GHS 10,000,777.92 (GHS 0.03 x 333,359,264)
Previous issuance = 259,647,284 shares
Current share price = GHS 0.04
Total value of previously-issued shares = GHS 10,385,891.36 (GHS 0.04 x 259,647,284)
Total value after rights issuance = GHS 23,720,261.92 (GHS 333,359,264 + 259,647,284 x GHS 0.04)
Rights issue = 1.284 for 1 (333,359,264 ÷ 259,647,284)
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Plot the production possibilities table to make a production possibilities curve. Place defense on the vertical axis and social welfare on the horizontal. The resulting curve is called a frontier.
The production possibility curve is an important economic graph because its demonstrates the maximum possible output of goods given a set amount of resources.
What is a production possibility curve?The production possibilities curve refers to a graph or economic model that shows the maximum combinations of goods and services such as any two categories of goods that can be produced from a fixed amount of resources.
In essence, the frontiers of the curve illustrates the possible quantities that can be produced of two products if both depend upon the same finite resource for their manufacture. In conclusion, it is an important economic graph because its demonstrates the maximum possible output of goods given a set amount of resources.
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An employee works 51 hours (51 - 40 were overtime hours) during a workweek in December of 2021. He earns $10,000/month, with his employer paying 1.5 times the regular rate of pay for overtime hours. To date, he has earned $144,100 during the year. He has requested that his employer withhold 9% of gross pay, which is to be contributed to a 401(k) plan.
1) The gross pay for this employee for the week is $3,531.25.
2) The taxable income used to calculate federal income tax withholding, Social Security, and Medicare tax is $134,344.44.
What is the taxable income?The taxable income refers to the adjusted gross earnings after subtracting all known and tax-allowed deductions.
The taxable income is the difference between the gross earnings and the total deductions. This net amount is used to calculate withholding tax, social security, and medicare tax.
Data and Calculations:Hours worked in a week = 51 hours
Normal workweek hours = 40 hours
Overtime hours = 11 hours (51 - 40) at 1.5 times
Earnings per month = $10,000
Regular rate of pay = $62.50 ($10,000/40)
Amount earned to date = $144,100
Earnings for the week:
Regular earnings = $2,500 (40 x $62.50)
Overtime earnings = $1,031.25 (11 x $62.50 x 1.5)
Gross pay for the week = $3,531.25 ($2,500 + $1,031.25)
Gross earnings to date = $147,631.25 ($144,100 + $3,531.25)
401(k) plan contributions = $13,286.81 (147,631.25 x 9%)
Taxable income = $134,344.44 ($147,631.25 - $13,286.81)
Thus, the taxable income to calculate federal income tax withholding, Social Security, and Medicare tax is $134,344.44.
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Question Completion:Calculate gross pay for the weekly pay period, then determine taxable income used to calculate federal income tax withholding, Social Security, and Medicare tax.
Henrich is a single taxpayer. In 2021, his taxable income is $455,000. What is his income tax and net investment income tax liability in each of the following alternative scenarios? Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates for reference. (Do not round intermediate calculations. Leave no answer blank. Enter zero if applicable. Round your final answers to 2 decimal places.)
a. All of his income is salary from his employer.
Income tax _______
Net investment income tax ______
Total tax liability __________
b. His $455,000 of taxable income includes $2,000 of long-term capital gain that is taxed at preferential rates.
Income tax _______
Net investment income tax ______
Total tax liability __________
c. His $455,000 of taxable income includes $49,000 of long-term capital gain that is taxed at preferential rates.
Income tax _______
Net investment income tax ______
Total tax liability __________
d. Henrich has $197,500 of taxable income, which includes $51,000 of long-term capital gain that is taxed at preferential rates. Assume his modified AGI is $210,000.
Income tax _______
Net investment income tax ______
Total tax liability __________
a. Henrich, a single taxpayer with a taxable income of $455,000 in 2021, all of his income is the salary from his employer.
Income tax $133,794.25
Net investment income tax $0
Total tax liability $133,794.25
b. His $455,000 of taxable income includes $2,000 of long-term capital gain that is taxed at preferential rates.
Income tax $133,094.25
Net investment income tax $0
Total tax liability $133,094.25
c. His $455,000 of taxable income includes $49,000 of long-term capital gain that is taxed at preferential rates.
Income tax $116,644.25
Net investment income tax $1,290
Total tax liability $117,934.25
d. Henrich has $197,500 of taxable income, which includes $51,000 of long-term capital gain that is taxed at preferential rates. Assume his modified AGI is $210,000.
Income tax $29,181
Net investment income tax $1,590
Total tax liability $30,771
Data and Calculations:a) Taxable income = $455,000
Taxable Income Income tax
For $209,425 = $47,843
For $245,575 = $85,951.25 ($455,000 - $209,425 x 35%)
Total income tax = $133,794.25
b) Taxable income = $455,000
Less Dividend income = $2,000
Net = $453,000
Taxable Income Income tax
For $209,425 = $47,843
For $243,575 = $85,251.25 ($453,000 - $209,425 x 35%)
Total income tax = $133,094.25
c) Taxable income = $455,000
Taxable Income Income tax
For $209,425 = $47,843
For $196,575 = $68,801.25 ($406,000 - $209,425 x 35%)
Total income tax = $116,644.25
Investment Tax:0% Up to $40,400
15% x $8,600 = $1,290
Total tax liability = $117,934.25
d) Taxable income = $197,500
Taxable Income Income tax
For $86,375 = $14,751
For $60,125 = $14,430 ($146,500 - $86,375 x 24%)
Total income tax = $29,181
$197,500 of taxable income, which includes $51,000
Investment Tax:0% Up to $40,400
15% x $10,600 = $1,590
Tax Rates:$47,843 plus 35% of the amount over $209,425
$14,751 plus 24% of the amount over $86,375
Investment Tax Rates:0% Up to $40,400
15% from $40,401 to $445,850
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Why is accounting called the language of business?
because it serves as the mode of communication that is used to pass on information in the business world.
You're welcome :)
Answer:
Accounting is essentially the language that communicates the firm's financial information to its shareholders.
➲ Hope this helps!
Bally Manufacturing sent Intel Corp. an invoice for machinery with a $14,000 list price. Bally dated the invoice July 23 with 2/10 EOM terms. Intel receives a 40% trade discount. Intel pays the invoice on
August 5. What does Intel pay Bally on August 5 th
23 July invoice to Intel in the amount of $14,000
1 August Intel returns $100 of product - amount due Bally = $13,900
5 August, Intel pays the amount due BUT the payment was made beyond the 2/10 EOM term, so only the 40% trade discount will apply - the amount paid = $13900 - (13900 x 0.4) = $8,340
Intel is best known for developing microprocessors that power most of the world's personal computers. The multinational technology company is also the top-selling manufacturer of semiconductor chips, products used in most of the world's electronic devices.
The company name is an abbreviation for Integrated Electronics. Although the company developed his first CPU in 1971, Intel's main business was static random access memory (SRAM) and dynamic random access memory (DRAM) chips. Intel supplies microprocessors to computer system manufacturers such as Acer, Lenovo, HP and Dell. Intel also manufactures motherboard chipsets, network interface controllers and integrated circuits, flash memory, graphics chips, embedded processors, and other communications and computing-related devices.
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an example of a positive microeconomic statement is:
An example of a positive microeconomic statement is: people tend to buy more chicken when the price of beef increases.
What is a microeconomic statement?This is the statement that is used to check the behavior of the household and the firms in the economy and the way that they engage in demand and supply.
The increase in the price of beef would cause people to use less of beef for cooking. They would go for a cheaper alternative which is the chickens.
Hence we can say that an example of a positive microeconomic statement is: people tend to buy more chicken when the price of beef increases.
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Olivia took out a 15-year loan secured with a deed of trust. She worked two jobs in order to pay the loan back and finally made her last payment this month. What happens now?
Olivia took out a 15-yr loan secured with a deed of acceptance as true. She labored jobs so that you can pay the loan back and eventually made her last payment this month. What happens now? because the belongings deed become held by using a third-celebration trustee as opposed to the lender, the trustee presents a reconveyance deed to Olivia.
A loan is a form of debt incurred by a man or woman or other entity. The lender—commonly an organization, economic organization, or government—advances an amount of cash to the borrower. In going back, the borrower concurs with a positive set of terms together with any finance expenses, interest, reimbursement date, and different conditions.
A loan is cash borrowed from a financial institution or economic institution. The borrower consents to pay lower back the fundamental quantity of the loan plus interest. There are numerous forms of loans, including automobile loans, student loans, and domestic mortgages.
A loan is a form of debt however, extra specifically, is an agreement in which one celebration lends money to some other. The lender sets reimbursement terms, which include how an awful lot is to be repaid and when. additionally, they may set up that the mortgage needs to be repaid with interest.
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3 of 10
Which one of the strategies for promoting a positive service culture is most accurately shown in the following scenario? Since she started working at Digital
Motion, as a customer service representative, Aylah has made it her goal to learn as much as she can about the company and the products they sell. Every
Tuesday and Thursday, during her lunch, she does research on the view of the company, the company's history, the current products they sell, and the new
products that will soon be brought to market. Aylah does this to better respond to the numerous customer questions she receives on a daily basis.
The correct option is A. Motion, as a customer service representative, Ayla has made it her goal to learn as much as she can about the company and the products they sell.
What is good customer service culture?The customer service team must be regarded and valued in order to have a great customer service culture. Business decisions must take into account the influence on the customer. Everyone in the company, even those not directly involved with serving clients, is well aware of who the consumers are and what is important to them.
Employing the best candidates from the beginning and developing them to do even better will improve a company's culture. People who are helpful, cooperative, amiable, problem-solvers, and empathic are among the qualities that are appropriate for customer service.
Thus, the ideal selection is A.
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Jarrod drags an item from the Start menu to the desktop. Jarrod just
In a condition when Jarrod drags an item from the start menu to the desktop, it can be inferred that Jarrod had just used the right click and mouse ball buttons on his mouse.
What is the significance of start menu?A start menu on a computer is the menu that lets the computer user to access the files and software that are stored on the system. By using the right click and dragging the item on to the desktop, screen creates a shortcut for instant accessibility of a file.
Therefore, the significance regarding the start menu on the desktop has been aforementioned.
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if a company has net income of 11600 how does that affect equity
Answer:
Net income contributes to a company's assets and can therefore affect the book value, or owner's equity. When a company generates a profit and retains a portion of that profit after subtracting all of its costs, the owner's equity generally rises.
You own a graphic design business. You have a new client who is refusing to
pay her bill because she doesn't like the way her brochures turned out, even
though you created them based on her specifications. Because you do not
have a long-standing relationship with this client and you don't want to spend
a lot of money getting this dispute resolved, which of the following is the best
method for you to pursue?
Owning a graphic designing business the best way to resolve the dispute is mediation , as the individual will address the loss of a party to another.
What is litigation?Litigation is the process of taking a dispute to court, where the court hears the trial and upon considering all the aspects it provides a decision.
Litigation process is lengthy and requires more money to be paid to lawyers.
Mediation is the process in which an unrelated person tries to consider the negative effects of both the parties and addresses them to the other party.
Arbitration is the process in which all the facts and figures of the dispute is highlighted and then a decision is taken by a third party.
Negotiations are done when the other party is considering the other party which does not seem to be the case here.
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