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3 years ago

List two examples of service you have purchased in the past or may purchase in the future

1 answer:

3 0

Services are actions that you purchase for someone to do for someone else. Basic examples of services are tutoring, hair cuts, car repairs, medical appointments, cleaning service, tech support.

Goods are tangible items that can be physically owned while most services are intangible.

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Draft an inquiry letter for purchase of 10 units of IBM P4 computers and 2 units of Lx 300 Epson printers to Kathmandu Computers

gtnhenbr [62]

Based on writing standards, the inquiry letter for purchase should begin with the sender's address and be written like a formal letter.

<h3>Structures of Letter of Inquiry.</h3>

The sender's address should be written at the beginning of the letter, followed by the receiver's address.

The letter must contain all the elements of the enquiring item, including their quantities.

There must be the date and address of the receiver included.

The letter's subject must be written clearly before the letter's content.

Ensure you provide the expected salutation at the beginning of the letter.

Write clearly and straightforward.

Provide reasons and inquiry descriptions.

Add your signature, name, and designation at the end of the letter.

Hence, in this case, it is concluded that there are specific ways to write a good inquiry letter.

Learn more about Inquiry Letter here: brainly.com/question/4208084

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2 years ago

The property appraisal district for Marin County has just installed new software to track residential market values for property

Mama L [17]

Answer:

Equivalent annual cost = $16,502.89

Explanation:

Equivalent annual cost = Present Value of cost / Annuity factor

Present value of cost:

PV of additional cost =50,000 ×1.05^(-10)=30,695.66

PV of maintenance cost

First four years= 5,000× (1-1.05^(-4))/0.05=17,729.75

From year 5 to infinity = (8,000/0.05)× 1.05^(-4)=131,632.39

PV of maintenance cost = 17,729.75 + 131,632.396= 149,362.14

PV of costs = 150,000 + 30,695.66 + 149,362.14= 330,057.8112

Annuity factor = 1/r = 1/0.05= 20

Equivalent annual cost = 330,057.8112 /20=$16,502.89

Equivalent annual cost = $16,502.89

4 0

3 years ago

An insurance policy sells for $1200. Based on past data, an average of 1 in 100 policyholders will file a $10 comma 000 clai

Tanzania [10]

Answer:

Expected Value = $740

Expected profit = $22.2m

Explanation:

We can easily calculate the expected value and expected profit/loss in this situation by some minor working

Expected values = Expected Claim - per policy cost

Expected profit/loss = (Expected claim - per policy cost) x number of policies

As you can see per policy cost and no of policies are given in the question data we just need to find expected claim for calculation of expected profit or loss and expected value

Expected Claim = (1/100x$10,000)+(1/250x$40,000)+(1/400x$80,000)

Expected Claim = 100 + 160 + 200

Expected Claim = 460

Now we have a value of expected claim lets put it into Expected profit/loss formula and expected value formula

Expected value = 460-1200

Expected value = -740

-$740 is the value per policy

Expected profit/loss = (460 - $1200 per policy) x 30,000

Expected profit or loss = -22,200,000

Expected loss to the customer = -$22.2 m

Expected profit for the company = $22.2m

3 0

3 years ago

Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $250,000; Patents and copyrights = $720

spayn [35]

Answer:

Common stock balance= $1,039,000

Explanation:

A balance sheet can be described as a financial statement that presents the assets, liabilities and shareholders' equity of a company.

Common stock refers to the security such shares that represents ownership in a company.

In order to determine the common stock account balance for Rogers Corp., its balance sheet is first prepared as follows:

Rogers Corp.

Balance Sheet

For the year 2018

Particulars $ $

Intangible Assets:

Patents and copyrights 720,000

Tangible Assets:

Net fixed assets 3,400,000

Current Assets:

Cash 250,000

Accounts receivable 129,000

Inventory 345,000

Total Current Assets 724,000

Current Liabilities:

Accounts payable (530,000)

Notes payable (190,000)

Working Capital 4,000

Long-term Liabilities:

Long-term debt (1,830,000)

Net Total Assets 2,294,000

Financed by:

Common stock (w.1) 1,039,000

Accumulated retained earnings 1,255,000

Owners' Equity 2,294,000

Workings:

w.1: Common stock balance = Net total assets - Accumulated retained earnings = $2,294,000 - $1,255,000 = $1,039,000

4 0

3 years ago

Which of the following is considered to be an accrued expense?

scoundrel [369]

Answer:

B. a computer technician has installed the latest software updates, but you have not received an invoice or made payment

Explanation:

An accrued expense arises when a service has been rendered to an individual or organisation but to which the recipient of the service has not made payment for the service. The expense will be recognized in the period in which the service is rendered. In this scenario, the technician has rendered a service by installing software updates but the organisation has not made payment for the service provided. This represents an accrued expense.

8 0

3 years ago