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3 years ago

IExplain terms Good andexamples in each case.Serviceandgive 3

Business

1 answer:

larisa [96]3 years ago

7 0

Answer:

Goods are items that buyers can purchase where as services are amenities or advantages customers pay to receive in form of activities done on their cost. Goods can be apples, cars, airtime where as services include banking services, communication services e.t.c

Explanation:

A good are tangible items that customers purchase at a fee and have a transferable ownership. A buyer can return a good if it is a default.A service is an activity that a customer receives from another person who offers it at a cost.Services are intangible and cannot be returned back when offered.A service can include a postal service.

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3. Management activities include all of the following except:

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Answer:

Explanation:

Management activities include Decision making

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3 years ago

Grouper Inc. is involved in a lawsuit at December 31, 2020. Prepare the December 31 entry assuming it is probable that Grouper w

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Answer:

Grouper Inc. is involved in a lawsuit at December 31, 2020

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On December 31, 2020

Lawsuit loss A/c Dr. $863,600

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3 years ago

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3 years ago

Read 2 more answers

You want to accumulate $1 million by your retirement date, which is 25 years from now. You will make 25 deposits in your bank, w

Rom4ik [11]

Answer:

First deposit will be $11,213.87

Explanation:

To derive how much the first deposit must be, the deposit can be derived by using payment formula for growing annuity

P = FV x (r - g) / [(1 + r)^n - (1 + g)^n]

When FV = $1,000,000

r = 7%

g = 3%

n = 25

Hence, First payment will be:

P = 1,000,000 * (7% - 3%) / (1.07^25 - 1.03^25)

P = 1,000,000 * 4% / 5.427433 - 2.093778

P = 40,000 / 3.333655

P = 11998.842

P = $11,998.84

However, this formula is applicable when the payments are made at the end of the year. In this case the payments are upfront, occurring today. We need to adjust this first payment to reflect the early payment.

Hence, first payment = $11,998.84 / (1 + 7%)

First payment = $11,998.84 / (1 + 0.07)

First payment = $11,998.84 / 1.07

First payment = 11213.8691588785

First payment = $11,213.87

7 0

3 years ago

IExplain terms Good andexamples in each case.Serviceandgive 3​

IExplain terms Good andexamples in each case.Serviceandgive 3