Lorton's Web Services Has Assets of $265,000 and Liabilities of $130,000.Calculate

question 169

Short Answer

Lorton's Web Services has assets of $265,000 and liabilities of $130,000.Calculate the amount of equity.

Know the potential consequences and recovery actions for defaulting on U.S. Department of Education loans.

Recognize the specific conditions under which educational loans may be canceled or discharged.

Understand the legal mechanisms, such as garnishment, liens, and revocation of professional licenses, used to enforce debt obligations.

Learn about the significance and functionality of financial instruments in education financing.

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Definitions:

Sales Call

is a communication attempt by a salesperson or sales team to pitch a product or service to a potential customer, typically over the phone or in person.

Relationship Marketing

A marketing strategy focused on building long-term relationships with customers to foster loyalty and repeat business rather than focusing solely on short-term sales.

Success of an Organization

A measure determined by the ability of an organization to meet its goals and objectives, often reflected in its profitability, market share, and stakeholder satisfaction.

Salespeople

Individuals engaged in the selling of goods and services, often acting as the primary point of contact between a business and its customers.