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2 years ago

Distinct characteristics of service operations include which of the following?

Business

1 answer:

myrzilka [38]2 years ago

8 0

Answer:

Letter e is correct.<u> All of the above except (b).</u>

Explanation:

A service is a set of activities whose objective is to satisfy some human need without the presence of a material good.

Service providers constitute the tertiary sector in economics, so there is a need for the development and improvement of service techniques so that the sector meets the demands of customers.

Some characteristics that define a service are:

Intangibility: Services are intangible processes and ideas, so the consumer is influenced by the reputation of a company, brand or service for the ideal choice.

Heterogeneity: The service varies from customer to customer. It is not possible to offer exactly the same service every time, often due to outsourcing in companies.

Simultaneity: Services are consumed at the same time they are created.

Customer participation in the process: There is an integration between the customer and the service provider, so there are opportunities for service production with customer participation.

Perishability: Services cannot be stored, if they are not consumed it is lost.

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On October 10, the stockholders’ equity of Sherman Systems appears as follows. Common stock–$10 par value, 74,000 shares authori

uysha [10]

Answer:

1, Journal entries

Date Account and explanation Debi$ Credit$

Treasury stock (5200*27) 140,400

Cash 140,400

(To record purchase treasury stock)

Cash (1,050*33) 34,650

Paid in capital from sale of treasury stock 6,300

Treasury stock (1,050*27) 28,350

(To record sale of treasury stock)

Cash (4,150*22) 91,300

Paid in capital from sale of 6,300

treasury stock

Retained earnings 14,450

Treasury stock (4,150*27) 112,050

(To record sale of treasury stock)

2. Revised equity section

<u>Contributed capital</u>

Common Stock 740,000

Paid in capital in excess of <u>226,000</u>

par value-Common Stock

Total paid in capital 966,000

Retained earnings <u> 880,000</u>

Total 1,846,000

Less: Treasury stock <u>(140,400)</u>

Total Stockholder's equity $<u>1,705,600</u>

5 0

2 years ago

Mr. D is the manager of a local Walgreens. His biggest concern is to make sure that his store is always making the most profit p

nydimaria [60]

<u>Answer: </u>Just in time inventory

<u>Explanation:</u>

Just in time is the strategy that is generally used in production units where they can efficiently manage the stock by reducing the waste. The waste can be reduced by receiving the goods only when they are needed so this reduced the inventory costs.

Inventory cost are the costs related to procurement, storage and maintenance of the inventory. Walgreens store can reduce the stocking of goods cost by ordering them on time when required alone. The small shipment of goods for every two days once can reduce the inventory cost.

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3 years ago

Andy's two nephews want to travel to Philadelphia with him to see a show. Andy has two free plane tickets and three tickets to t

77julia77 [94]

A scare resource

I think this is the answer!

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3 years ago

During 2018, its first year of operations, Pave Construction provides services on account of $152,000. By the end of 2018, cash

ASHA 777 [7]

The adjustment for noncollectable accounts on December 31, 2018:

Debit Bad Debts Expense $13,800

Credit Allowance for Doubtful Account $13,800

Explanation:

In Pave Construction, 2018 is the first year of operations. The company provides services on account of $152,000.

By the end of 2018, cash collections on these accounts total $106,000.

At the end of 2018, Accounts Receivable (the uncollected accounts) has debit balance of $46,000 ($152,000 - $106,000 = $46,000)

Pave estimates that 30% of the uncollected accounts will be bad debts

Bad Debts Expense = 30% x $46,000 = $13,800

The adjusting entry to record the bad debts expense will be:

Debit Bad Debts Expense $13,800

Credit Allowance for Doubtful Account $13,800

3 0

3 years ago

When a financial institution provides a standardized financial product such as a mortgage, it is:________

Rufina [12.5K]

When a financial institution supplies a standardized financial product such as a mortgage, it is<u>: reducing transaction costs.</u>

<h3>What is an institution that manages and accommodates a nation's finances?</h3>

A central bank is a financial institution that is accountable for overseeing the monetary system and policy of a nation or group of nations, controlling its money supply, and setting interest rates.

<h3>Who uses financial institutions?</h3>

Almost everyone maintains a protection or checking account, uses debit or credit cards, or needs a loan. Online banking is an electronic way to view account training and pay bills via the Internet and an institution's website.

To learn more about financial institution ,refer

brainly.com/question/9297059

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6 0

1 year ago