5 different assignments

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ment Properties: Title] X Document sans titre - Google Doc Tropbox/240030/458474/DownloadAttachment?fid=15350115 80% + 8 Visual 6.3 Matching Loan Products to Customer Needs Read each customer scenario and identify a loan product or products to meet the customer's financial needs. Situation 1 Patrick has just graduated from college and would like to establish credit. He has no immediate financing needs, but he may be purchasing a computer in the next few months. Suggested loan products Situation 2 Elaine owns a small retail business. She has an opportunity to purchase inventory at a substantial discount but does not have enough cash on hand. She feels certain that, if she buys the inventory, she can sell it within four to six months at a profit. Suggested loan product: Situation 3 Mike and Betty are planning a two-week cruise for their 15" wedding anniversary. They also are thinking about putting in a swimming pool and making other home improvements. All their current savings are tied up in retirement accounts, and they will need financing for the cruise, the swimming pool, and miscellaneous expenses. Suggested loan product: Situation 4 Nancy is the owner and CEO of a manufacturing plant. The company needs new equipment because it is expanding. The average useful life of the equipment would be four years. Suggested loan product: SAMSUNG C[Document Properties: Title] X Document sans titre - Google Do od.edu/content/enforced/240030-FIN_110_ATW100_2024FA/Chapter%206%20Matching%20Loan%20Products%20to%20Customer% itle] 100% Visual 6.3 continued Situation 5 Richard and Mary, a retired couple, recently purchased a lot where they plan to build their dream home. They have started talking with an architect about the design and would like to begin building the home within six months. They will need money to pay the architect and contractor. They would like to pay back the money borrowed over 15 years. Suggested loan product: Situation 6 Mark just learned that his house needs a new roof. He knows he will need to finance it and would like to repay the money borrowed in equal payments over five years. It is important to him to have a set monthly payment. Suggested loan product: Situation 7 Jim and Elaine are retirees. They still live in their first home, which they purchased 40 years ago and paid off the mortgage 10 years ago. Their living expenses have been gradually increasing, especially their health care costs and property taxes. They would like to have additional monthly income to supplement Jim's pension and Social Security to pay all the bills. Suggested loan product: SAMSUNG C % & CO 4 8 O2 1. Write your personal mission statement. Discuss what you learned about yourself by creating it. 5 2. Discuss how the characteristics of a brand can relate to a person (e.g., unique, consistent, relevant, and has an emotional connection with its customers). 2 21. Name three situations in your life in which you use selling. 2. Name the four key characteristics of a brand. 3. Describe what his sentence means: "Each salesperson supports an average of 12.9 other jobs within the company." 4. Is sales considered a line or a support function? Why? 5. What is the impact of Sales 2.0 on the selling function? 6. Which of the four characteristics of a brand is most important when you are selling your personal brand? 7. What is a customer-centric organization?Discussion Post Chapter 5 - Final X + talon.kirkwood.edu/d21/le/content/239680/viewContent/6211435/View Holmes Corporation manufactures electronic components for use in many consumer products. Their raw materials are purchased from all over the world. Depending on the country involved, purchase terms vary widely. Some suppliers require full prepayment, while others are content to receive payment within six months of receipt of the goods. Because of this situation, Holmes never closes its books until at least ten days after month end. In this way, it can sort out ownership of goods in transit, and document which goods were received by month end, and which were not. Manya Andre, a new accountant, was asked to record $70,000 in inventory as having been received before month end. She argued that the shipping documents clearly showed that the goods were actually received on the 8th of the current month. Her boss, busy with month-end reports, curtly tells Ann to check the shipping terms. She did so, and found the notation "FOB shipper's dock" on the document. She hadn't seen that particular notation before, but she reasoned that if the selling company considered it shipped when it reached their dock, Holmes should consider it received when it reached Holmes's dock. She did not record the purchase until after month end. 1. Why are accountants concerned with the timing in the recording of purchases? 2. Who was right? Explain. . SAMSUNG