1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kirza4 [7]
2 years ago
6

Which of the following describes possession utility?

Business
1 answer:
lions [1.4K]2 years ago
5 0

The option that describes possession utility is : ( A ) Efforts to communicate ( i.e. promote ) a product's value and then facilitate the exchange process.

<h3>What is possession utility ?</h3>

Possession utility is the value which a product possesses that enables a customer to freely own and use the product as the customer/purchaser wishes.

In conclusion the option that describes possession utility is Efforts to communicate ( i.e. promote ) a product's value and then facilitate the exchange process.

Learn more about possession utility : brainly.com/question/14898098

#SPJ1

<u />

<u>Attached below are the missing options </u>

<em>A. Efforts to communicate (i.e., promote) a product's value and then facilitate the exchange process.</em>

<em>B. Acquiring inputs and transforming them into products or services of greater customer value.</em>

<em>C. Effectively managing all value-added processes that influence when a product is available for purchase.</em>

<em>D. Assuring that products and services are where customers expect to find them—when they are needed.</em>

<em>E. All of the above</em>

You might be interested in
On August 1, 2021, Turner Manufacturing lends cash and accepts a $16,000 note receivable that offers 10% interest and is due in
professor190 [17]

Answer:

31 Dec 2021  Interest Expense              $667 Dr

                           Interest Payable                 $667 Cr

Explanation:

The bond will pay the interest at maturity. However, following the accrual basis of accounting requires to match the revenue and expenses for a period and requires such transactions to be recorded in their respective periods. The year end adjusting entry will be made on 31 December 2021.

The interest expense for the period from August to December, 5 months, will be recorded on 31 December 2021 as interest expense and credit to interest payable.

The interest expense is = 16000 * 0.1 * 5/12  =  $666.67 rounded off to $667

3 0
3 years ago
Even if the end of an accounting period occurs between the signing of a note payable and its maturity date, the matching princip
Nimfa-mama [501]

Answer:

True

Explanation:

The matching principle states that only those payments and receipts which actually are paid or received. the interest accrued is not included unless it is paid

8 0
3 years ago
The partnership of Brandon and Ryan is being liquidated. All gains and losses are shared in a 3:1 ratio, respectively. Before li
ICE Princess25 [194]
The answers are the following:
a. 
Brandon:
$7,000 + [($10,000/4)×3¿= $8,500
Ryan:
$7,000 + [($10,000/4)×1¿= $7,500

b.
Brandon $7,000
Ryan <span>$7,000</span>
6 0
3 years ago
Read 2 more answers
Buffalo Corporation is authorized to issue 45,000 shares of $5 par value common stock. During 2020, Buffalo took part in the fol
Nookie1986 [14]

Answer:

A

Dr Cash $209,700

Cr Paid-In-Capital in excess of par-common stock $187,200

Cr Common Stock $22,500

B. Dr Land $53,900

Cr Common Stock $5,500

Cr Paid-In-Capital in excess of par-common stock $48,400

C. Dr Treasury Stock $24,380

Cr Cash $24,380

Explanation:

A. Preparation of the journal entry to record item1

Dr Cash (4,500*$48-6,300) $209,700

Cr Paid-In-Capital in excess of par-common stock $187,200

($209,700-$22,500)

Cr Common Stock $22,500

(4,500*$5)

(Being to record common stock issued)

B. Preparation of the journal entry to record item 2

Dr Land (1,100*$49) $53,900

Cr Common Stock $5,500

(1,100*$5)

Cr Paid-In-Capital in excess of par-common stock $48,400

($53,900-$5,500)

(Being to record land puchased in exchange for common stock)

C. Preparation of the journal entry to record item 3 using the cost method

Dr Treasury Stock $24,380

(530*$46)

Cr Cash $24,380

(Being to record purchase of treasury stock)

5 0
2 years ago
Olivia Company, whose reporting year ends on December 31st, purchased a vehicle for $50,000 on March 12th, 2018. The vehicle’s e
Trava [24]

Answer:

$12,600

Explanation:

If Olivia Company uses the units of production depreciation method, we must calculate the depreciation cost per mile:

depreciation cost per mile = (purchase cost - salvage value) / total miles driven

depreciation cost per mile = ($50,000 - $5,000) / 250,000 miles

depreciation cost per mile = $45,000 / 250,000 = $0.18 per miles

Now we multiply by the total miles driven the first year times the depreciation cost per mile = 70,000 units x $0.18 per unit = $12,600

5 0
2 years ago
Read 2 more answers
Other questions:
  • Which stage of the selling process deals with the actual point of sale where the customer agrees to buy? Which stage relates to
    6·1 answer
  • uppose you observe the following exchange rates: €1 = $1.50; £1 = $2.00. Calculate the euro-pound exchange rate. A. €1.25 = £1.0
    6·1 answer
  • An increase demand for any good or services is reflected graphically as:______.
    11·1 answer
  • The HR department at Buckworth Consulting recently developed and employed a certain test in the selection process for managers.A
    13·1 answer
  • A company produces 500 microwave ovens per month, each of which includes one electrical circuit. The company currently manufactu
    11·1 answer
  • Colin is convinced that his product idea has tremendous potential. He has decided to produce the product himself, but plans to u
    6·1 answer
  • What is the role of consumers and producers in a free market system
    13·1 answer
  • You are going to form a portfolio with stocks A &amp; B with the following information: Stock Expected Return Standard Deviation
    5·1 answer
  • On March 31, 2021, Top Notch Goods committed to a plan to sell machinery equipment. The machinery equipment was available for im
    13·1 answer
  • Steve and Stephanie Pratt purchased a home in Spokane, Washington, for $575,000. They moved into the home on February 1 of year
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!