Answer:
consumer products provided are categorized thus:
(1) relatively expensive: a computer system
(2) infrequently purchased: A car
(3) buyers are willing to expend considerable effort in planning and making purchases: A house
Explanation:
Consumer products are defined as products that satisfy a consumer's wants or needs. There can be convenient, affordable as well as expensive and infrequently purchased.
Consumer goods are final goods sold to consumers for use. It is usually not used as means for further economic production activity.
Some consumer goods are durable and can last for up to three years or more while some are perishable with expiry dates and must be consumed within a short pace of time.
Finally, consumer goods can be grouped into different categories based on consumer behavior depending on how frequently they are used.
Answer:
c. An online retailer delivers organic groceries overnight.
Explanation:
As Different companies in different industries follow any one of the five general strategies to gain competitive advantage.
so The online retailer distributes organic groceries overnight, using a low-cost provider strategy. This is due to the intense competition in online retailing.
so correct option is c. An online retailer delivers organic groceries overnight.
Answer:
$55,000
Explanation:
A Simplified Employee Pension (SEP) Plan is used in the United States by employers or self-employed persons to provide retirement benefits for themselves and their employees
As stated by the Internal Revenue Service (IRS), the contributions that can be made to each employee’s SEP-IRA each year is which one is lower between 25% of compensation and the maximum of $55,000 for 2018.
We can then calculate as follow:
1. Jerry's contribution calculation = 25% × $187,600 = 46,900.
2. Maximum allowable = $55,000.
Since a defined contribution plan states that Jerry will contribute the maximum amount allowable and the maximum for 2018 is $55,000, Jerry's contribution will therefore be $55,000.
Answer:
The answer is E. $24,000
Explanation:
Straight line depreciation method equals
Cost of asset - salvage value / number of years.
Cost of asset is $135,000
Salvage value is $15,000
Number of years is 5 years
$135,000 - $15,000/5 years
$120,000/5 years
=$24,000
Straight line method of depreciation has equal amount all through the year.
The first year through it end life.
Therefore, machines' first year depreciation under the straight-line method is $24,000