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slava [35]
3 years ago
9

Write each item listed below to the appropriate category . GOODS SERVICES Cutting Hair Doctor Computers Cleaning Business Tasks

performed by people that customers will buy to satisty a want or need Jewelry Package Delivery Business Massage Therapist Groceries Material items or products that customers will buy to salisty a want or need Cars Clothing Dentist Ice Cream Waiting Tables Magazines Teaching
Business
1 answer:
ankoles [38]3 years ago
5 0

Answer:

Goods are actual tangible items that a person can buy in other to satisfy their needs and/ wants while Services are intangible but are provided to a person by another person in order to satisfy the needs and/or wants of the person the services are being provided for.

GOODS;

  • Material items or products that customers will buy to satisfy a want or need
  • Jewelry
  • Groceries
  • Computers
  • Cars
  • Clothing
  • Ice Cream
  • Magazines

SERVICES

  • Tasks performed by people that customers will buy to satisfy a want or need
  • Cutting Hair
  • Doctor
  • Cleaning Business
  • Package Delivery Business
  • Massage
  • Therapist
  • Dentist
  • Waiting Tables
  • Teaching

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Natasha2012 [34]

Answer:

Kiddy Toy Corporation

The company should lease.  It will save $30,123 by leasing than by buying the machine.

Explanation:

a) Data and Calculations:

1. Buy Machine:

Initial cost = $170,000

Annual Insurance Premium = $15,000

Interest rate = 12%

Estimated useful (Lease Period) = 15 years

Insurance Premium for 15 years (PV) = $102,162.97

PV of Salvage value ($20,000 * 0.183) = $3,660

Total cost of buying machine = $268,503 ($170,000 + $102,162.97 - $3,660)

Present value of lease payments = $238,380

NPV of leasing over buying = $30,123 ($268,503 - $238,380)

N (# of periods)  15

I/Y (Interest per year)  12

PMT (Periodic Payment)  35000

FV (Future Value)  0

 

Results

PV = $238,380.26

Sum of all periodic payments = $525,000.00

Total Interest = $286,619.74

Insurance Premium:

N (# of periods)  15

I/Y (Interest per year)  12

PMT (Periodic Payment)  15000

FV (Future Value)  0

Results

PV = $102,162.97

Sum of all periodic payments $225,000.00

Total Interest $-122,837.03

5 0
3 years ago
Kansas Company acquired a building valued at $150,000 for property tax purposes in exchange for 10,000 shares of its $5 par comm
Vinvika [58]

Answer:

$160000

Explanation:

Below is the calculation for the amount that should be recorded.

The actual value of  building = $150000

Number of shares = 10000 shares

The stock is traded at the price = $16 per shares

The Kansas company should record the amount of building = total share x Sell price

The Kansas company should record the amount of building = 10000 x 16

The Kansas company should record the amount of building = $160000 (fair market value or price of shares)

7 0
3 years ago
the present value of a cash flow will never be greater than the future dollar amount of the cash flow. t or f
svlad2 [7]

The following statement "the present value of a cash flow will never be greater than the future dollar amount of the cash flow" is true.

Cash flow is the net balance of money coming into and going out of a firm at a certain moment in time. A firm continuously has cash coming in and going out. For instance, money leaves the company and goes to its suppliers when a retailer buys inventory.

The expenses made as part of daily operations are included in the cash flow from operations. These cash outflows include things like rent, utilities, wages, and the cost of products sold. When a corporation operates heavily on the seasonal cycle, cash outflows might vary greatly.

To know more about Cash Flow here

brainly.com/question/24179665

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4 0
2 years ago
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bulgar [2K]

Answer:

The driver will pay $10,000, because the insurance company can pay max $75,000 as regulated in term "insurance limit 100/250/75"

Explanation:

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7 0
4 years ago
The management of Fannin Corporation is considering dropping product H58S. Data from the company's accounting system appear belo
hoa [83]

Answer:

Net operating income would be decreased by $137,000

Explanation:

The computation is shown below:

Sales                                          $490,000

Less: Variable expenses           ($221,000)

Contribution margin                  $269,000

Less

Fixed manufacturing expenses ($90,000)

Fixed selling and administrative expenses ($42,000)

Net income                                                      $137,000

If the product H58S were dropped than the net operating income would be decreased by $137,000

7 0
3 years ago
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