A Person Who Lives in a Good-Climate City Says,"It's Expensive

question 22

Multiple Choice

A person who lives in a good-climate city says,"It's expensive to live here,but at least the climate is free." In terms of a theory advanced in the text,this person has either forgotten or is unaware that

• A) New York City is not a good-climate city and it is expensive to live there. In other words, not all good-climate cities are expensive and not all bad-climate cities are cheap.
• B) part of the reason it's expensive to live in the city is because of the good climate.
• C) good-climate cities have more outdoor entertainment entities and activities and therefore people have to pay higher taxes to support those entities and activities.
• D) there is a sunshine tax in most of the country - the more hours of sunshine a day, the higher the tax.
• E) none of the above

Recognize the benefits of modern office setups such as virtual offices for salespeople.

Grasp the essentials of sales training, including its content and duration.

Learn how to analyze and calculate net profit and its significance in business operations.

Understand the concept of return on investment and how to calculate it.

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Definitions:

Net Realizable Value

The estimated selling price of goods, minus the cost of their sale or completion and any necessary disposal expenses.

Allowance for Doubtful Accounts

A concession for estimated bad debts that will arise from accounts receivable that may not be collectible.

Bad Debt Expense

An accounting term referring to the recognition of unrecoverable amounts owed to a company by debtors, treated as a cost on the income statement.

Sales Discount

A reduction in the price of goods or services offered to customers, typically to prompt early payment or boost sales.