All categories

3 years ago

Durable Goods are goods that last for at least one month when used regularly.

Business

2 answers:

Greeley [361]3 years ago

6 0

<h2>i thing it would be true if not tell me</h2>

Studentka2010 [4]3 years ago

6 0

The correct answer is False

Explanation:

Durable goods refer to products that last for a long time before they need replacement, for example, cars, most appliances, and furniture are durable goods because they can last multiple years before you need to buy the product again. In general terms, a durable good is one that lasts at least three years even when used every day or mostly every day. These goods tend to have a higher price than non-durable products but due to their durability buying them has advantages. This implies it is false durable goods are those that last for at least one month because durable goods include products that last for many years rather than only one month.

You might be interested in

On December 31st, end of current year, ABC Company needs to record 4 months of accrued interest on a loan for $10,000 at 5%. The

77julia77 [94]

Answer:

=$167

Explanation:

Four months accrued interest means 4 months interest that is due

The principal amount is $10,000

interest rate is 5%

time is 4 months

Interest will be 5/100 x $10,000 x 4/12

=0.05 x $10,000 x 0.33333

=$500 x 0.3333

=166.666

=$167

8 0

4 years ago

On August 31, 2018, Brooke Tallen borrowed $ 6 comma 000 from Boulware State Bank. Tallen signed a note payable, promising to

Dimas [21]

Answer:

When Boulware State Bank lend money

Note Receivable $6,000 (debit)

Cash $6,000 (credit)

When Interest accrues on the Note Receivable on June 30, 2019.

Note Receivable $600 (debit)

Interest Income $600 (credit).

When the Interest and Principle are collected on August 31, 2019

Cash $6,720 (debit)

Note Receivable $6,720 (credit)

Explanation:

When Boulware State Bank lending money

Recognize an Asset - Note Receivable and a decrease in the assets of Cash.

Note Receivable $6,000 (debit)

Cash $6,000 (credit)

When Interest accrues on the Note Receivable on June 30, 2019.

Hint :Interest that expires is for 10 months and must be accounted as such.

Note Receivable $600 (debit)

Interest Income $600 (credit)

Interest Income = $6,000 × 12% × 10/12

= $600.

When the Interest and Principle are collected on August 31, 2019

Interest for July and August for 2020 must first be accounted.

Note Receivable $120 (debit)

Interest Income $120 (credit)

Interest Income = $6,000 × 12% × 2/12

= $120.

Thus entry to record collection of principal and interest will be :

Cash $6,720 (debit)

Note Receivable $6,720 (credit)

Note Receivable = Principle + 2019 interest + 2020 interest

= $6,000 + $600 + $120

= $6,720

4 0

3 years ago

Which statement best defines the term copayment? A) It is money a consumer receives after experiencing a loss. B) It is a paymen

valina [46]

The correct answer is C. It is money paid by a consumer to share the cost of a payout.

Copayment is termed as the amount which is fixed which covers a service or being paid by a patient to the provider before the service is being received.

Mostly copayment occurs in insurance companies whereby the insured pays some amount of money before accessing to medical service.

In order to prevent moral hazard bu insurance company they use copayment so as to share the costs of health care.

4 0

3 years ago

Read 2 more answers

Choose the indicator that is not relevant in identifying a company's present strategy Select one: A. management's planned, proac

BigorU [14]

Answer:

The correct answer is the option E: moves to respond and react to changing conditions in the macro-environment and in industry and competitive conditions.

Explanation:

To begin with, when it comes to know and develop the business strategy from a company the most important factors to have in mind are all the key functional strategies, the mission, strategic objectives and financial objectives. As well as the strategic role that the companies who have an alliance with the company have. The management's plan to outcome the rivals is also super important. And finally the moves to respond to changing conditions in the macro-environment are very important things to have in mind but when it comes to describe one's strategy in the business that is not fundamental due to the fact that those moves will appear eventually when the occasion arises, so that is why that is answer.

5 0

4 years ago

The company XOXO is specialized in producing treadmills. The company allocates manufacturing overhead based on direct labor hour

Sphinxa [80]

Answer:

XOXO

1. Predetermined Manufacturing Overhead (MOH) rate = estimated overhead divided by total direct labor = $4,600/460 = $10 per direct labor

2. Analysis of cost per set for Job 12:

Raw materials:

Electronic parts: 40 units at $20 per unit = $800

Plastic: 10 kilograms at $10 per kilogram 100

Labor hours: 60 hours at $25 per hour 1,500

Manufacturing overhead applied $10 per 600

labor hour

Total Cost $3,000

Divided by 30 sets = $100 per set

Explanation:

The manufacturing overhead rate is the rate at which overhead will be charged to the jobs completed as part of the cost of production. As an estimate, it can be overapplied or underapplied.

6 0

4 years ago