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3 years ago

What is time utility and possession utility?

2 answers:

Pie3 years ago

4 0

Answer: The four types of economic utility are form, time, place and possession. "Utility" in this context refers to the value, or usefulness, that a purchaser receives in return for exchanging his money for a company's goods or services.

Margaret [11]3 years ago

3 0

Answer:

Definition: Time Utility. Many companies educate their business, marketing and advertising professionals about the customer purchase behaviour and needs of the consumers which create a utility function. There are total four types of utilities which are form, possession, place and time. Time value of Option.

Possession utility is the value customers have while buying a product and they have the choice to use the product for the purpose it was made for or finding a new way to use the product. However, The marketing utility that allows the customer to physically access what they bought, it is referred as "possession".

Explanation:

You might be interested in

The records for the Clothing Department of Metlock’s Discount Store are summarized below for the month of January. Inventory, Ja

Leviafan [203]

Answer:

$83,300

Explanation:

Total at retail:

= Beginning inventory + Purchases - Purchase return + Transfers in from suburban branch

= $24,800 + $136,600 - $3,000 + $13,000

= $171,400

Ending inventory at retail:

= Total at retail + Net markups - Net markdowns - (sales - sales return) - Normal shortage

= $171,400 + $8,100 - $3,900 - ($94,300 - $2,500) - $500

= $171,400 + $8,100 - $3,900 - $91,800 - $500

= $83,300

7 0

3 years ago

The balance sheet of Indian River Electronics Corporation as of December 31, 2017, included 11% bonds having a face amount of $9

kompoz [17]

Answer:

Bonds Payable $91,200,000

Loss on early extinguishment $6,024,000

To Cash $93,024,000 ($91.2 million × 102%)

To Discount $4,200,000

(Being the redemption of the bond is recorded)

Explanation:

The journal entry is shown below:

Bonds Payable $91,200,000

Loss on early extinguishment $6,024,000

To Cash $93,024,000 ($91.2 million × 102%)

To Discount $4,200,000

(Being the redemption of the bond is recorded)

For recording this journal entry we debited the bond payable as it decrease the liability moreover the cash is also decreased so it is credited and the discount is also credited and the remaining balance is debited to the loss

4 0

3 years ago

True or false: positive economics encourages value judgments.

Stels [109]

Positive economics encourages value judgments False

This is further explained below.

<h3>What is positive economics?</h3>

Generally, positive economics is simply defined as describing a particular approach to the study of economics. Many economists base their forecasts on past and present events inside an economy.

In conclusion, In a nutshell, a flourishing economy does not promote moral judgments.

Read more about positive economics

brainly.com/question/15573174

#SPJ12

3 0

1 year ago

Indigo Corporation had the following tax information.

Andrei [34K]

Answer:

Explanation:

Given that:

Indigo Corporation had the following tax information.

Year Taxable Income Tax Rate Taxes Paid

2015 $294,000 35% $102,900

2016 332,000 30% 99,600

2017 399,000 30% 119,700

In 2018, Indigo suffered a net operating loss of $487,000, which it elected to carry back. The 2018 enacted tax rate is 26%.

The objective is to prepare the Indigo's entry to record the effect of the loss carryback.

The Income Tax Refund Receivable = Taxable income(2018) × Tax rate(2018) + ( net operating loss - Taxable income(2018) ) × Tax rate(2018)

(332000 × 30%)+(476000-332000) × 30%

The Income Tax Refund Receivable = (332000 × 0.30)+(476000-332000) × 0.30

The Income Tax Refund Receivable = 99600 + 144000× 0.30

The Income Tax Refund Receivable = 99600 + 43200

The Income Tax Refund Receivable = 142800

Therefore, Indigo Corporation ENtry can be prepared as follows:

Account titles Debit Credit

Income Tax Refund Receivable 142800

Benefit Due to Loss Carryback 142800

To record the effect of the loss carryback

8 0

3 years ago

As the human resource director, Trisha provides each manager with a breakdown of the metrics for employee performance measuremen

Burka [1]

Complete Question:

As the human resource director, Trisha provides each manager with a breakdown of the metrics for employee performance measurement. She asks them to evaluate their staff against the standards provided in these metrics. Trisha is providing the managers with a(n) _____device.

A. incentive

B. value

C. procedure

D. control

E. process

Correct Option:

Trisha is providing the managers with a control device.

Option: D

Explanation:

Controls are the measures used to assess subunit output and make decisions as to how well certain subunits are controlled by the managers.
Control in an organizational environment or regulation includes the systems and processes that govern, direct and safeguard an entity.
This is, along with planning, coordinating and leading, one of the four main managerial roles.
Organizational management's most common form, or method, is top down control.
Through top-down influence, high-level managers make decisions, and information flows down to the organisation's lower-level workers.

5 0

2 years ago