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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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Which company provides business credit rating services for businesses looking o finance loan through bank????? I put the picture

vodka [1.7K]

Answer:

B . Moody's

Explanation:

There are three major companies that provide credit rating services in the US. They are

Standard and Poor (S&P)
Moody’s Investor Services
The Fitch Group

Each agency uses unique letter-based scores to indicate if a debt has a low or high default risk and the financial stability of its issuer.

4 0

2 years ago

Abbie Marson is the sole owner and operator of Great Plains Company. As of the end of its accounting period, December 31, Year 1

Nataliya [291]

Answer:

The net income for Year 2 is $ 114,482

Explanation:

Accounting Equation is used in order to calculate the closing capital figure of Year 1 and Year 2:

Assets=Liabilities + Equity.

we can rearrange the formula as Assets-Liabilities = Equity

So in Year 1. the closing capital is: $910,049-$274,794 = $635,255.
In Year 2. the closing capital is : $988,160-$234,792 = $ 753,368

Now we can construct an equation to drive net income of year to by means of balancing figure:

Opening capital year 1: $635,255

+ Additional Capital in Year 2: $28,651

-Drawing in year 2: $(25,020)

Net Income(Balancing figure) <u>$114,482</u>

Closing Capital Year 2: $ 753,368

7 0

3 years ago

Read 2 more answers

Cups of coffee of milk tea are substitutes. assume both have in elastic demand. Suppose exceptionally good weather increases the

nata0808 [166]

Answer:

In that situation, the demand of the Milk tea will fall.

Explanation:

In businesses subtitles are the type of products that serve a similar purpose but generally less favorable. You use substitutes as a second product when you somehow cannot use the first/main product.

In the example above,

Let's say that Coffee is people's favorite beverages. They like it better than milk tea. But, if they don't have enough money to buy their favorite coffee, they sometimes have to exchange it and settle with milk tea.

When weather increases the harvest of the coffee bean crop, the price of coffee will most likely fall down due to the abundance in resource.

When this happen, there will be lesser people who use the substitute product. in the end, the demand for the milk tea will fall.

8 0

3 years ago

Copy equipment was acquired at the beginning of the year at a cost of $25,500 that has an estimated residual value of $2,300 and

nalin [4]

Answer:

(A) $23,200

(B) $0.02 per copy

Explanation:

Given that,

Cost of equipment = $25,500

Estimated residual value = $2,300

Estimated useful life = 5 years

Estimated Output = 1,160,000 copies

Copies made this year = 221,000

Depreciation refers to the reduction in the value of fixed assets with the passage of time.

(A) The depreciable cost is determined by subtracting the residual value from the cost of acquiring copying equipment.

Depreciable cost:

= Cost of equipment - Estimated residual value

= $25,500 - $2,300

= $23,200

(B) Depreciation rate is calculated by dividing the depreciable cost by the estimated output.

Depreciation rate:

= Depreciable cost ÷ Estimated output

= $23,200 ÷ 1,160,000

= $0.02 per copy

(C) Units-of-output depreciation for the year is calculated by multiplying the depreciation rate with the number of copies made this year.

Units of output depreciation for the year:

= Depreciation rate × Copies made this year

= $0.02 per copy × 221,000

= $4,420

3 0

3 years ago

Does being unemployed apply to someone who has never been employed

Temka [501]

Yes, because the definiton of unemployed is doesn't have job but is ready to work

5 0

3 years ago

IExplain terms Good andexamples in each case.Serviceandgive 3​

IExplain terms Good andexamples in each case.Serviceandgive 3