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3 years ago

A difference between people-processing services and possession-processing services is that possession-processing services:

Business

1 answer:

Contact [7]3 years ago

3 0

Answer:

b. do not require customers to enter the service factory.

Explanation:

Possession processing involves tangible services provided on property belonging to a customer. It involves activities like lawn mowing, cleaning services. The property that is recoevong the action must be present but the customer does not need to be.

In people processing on the other hand, the customer is present and services provided are intangible, knowledge based, and customised to each client. For example retail banking services.

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The following transactions occur for Badger Biking Company during the month of June: Provide services to customers on account fo

Zinaida [17]

Answer:

Accounting equation is stated as follows:

Assets = Liabilities + Stockholder's Equity

Transaction 1

Providing services will increase revenue, which will increase stockholder's equity. And since it is on account it will increase assets by the same amount = $39,000

Transaction 2

Cash received will increase cash in assets and will decrease accounts receivables in assets. Net effect = 0

Transaction 3

Purchase of equipment will increase equipment that is asset by $24,000 and further it is purchased through a note payable, it will increase liability with the same amount.

Transaction 4

This will decrease cash as paid in cash which will decrease assets, and further this will be expense for the period which will decrease the revenue and will decrease the stockholder's equity.

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2 years ago

Trent Co. reports the following information: Net cash provided by operating activities $430,000 Average current liabilities 300,

Akimi4 [234]

Answer:

$90,000

Explanation:

Data provided in the question:

Net cash provided by operating activities = $430,000

Average current liabilities = $300,000

Average long-term liabilities = $200,000

Dividends paid = $120,000

Capital expenditures = $220,000

Purchase of treasury stock = $22,000

Payments of debt = $70,000

Now,

Trent's Free cash flow

= Net cash provided by operating activities - Capital expenditures - Dividends paid

= $430,000 - $220,000 - $120,000

= $90,000

3 0

2 years ago

In the long run equilibrium, a monopolistic competitor will produce to the point at which A) actual average total costs are at t

Artemon [7]

Monopolistic competition is the economic market model with many sellers selling similar, but not identical, products. The demand curve of monopolistic competition is elastic because although the firms are selling differentiated products, many are still close substitutes, so if one firm raises its price too high, many of its customers will switch to products made by other firms. This elasticity of demand makes it similar to pure competition where elasticity is perfect. Demand is not perfectly elastic because a monopolistic competitor has fewer rivals then would be the case for perfect competition, and because the products are differentiated to some degree, so they are not perfect substitutes.

Monopolistic competition has a downward sloping demand curve. Thus, just as for a pure monopoly, its marginal revenue will always be less than the market price, because it can only increase demand by lowering prices, but by doing so, it must lower the prices of all units of its product. Hence, monopolistically competitive firms maximize profits or minimize losses by producing that quantity where marginal revenue equals marginal cost, both over the short run and the long run.

3 0

3 years ago

The opening of a new American-owned factory in Algeria would tend to increase Algeria's GDP more than it increases Algeria's GNP

Delicious77 [7]

Answer:

The correct answer is option a and option b.

Explanation:

The opening of a new American-owned factory in Algeria would tend to increase Algeria's GDP more than it increases Algeria's GNP.

This is because the GDP of a nation is the value of final goods and services produced in an economy in a year by both domestic citizens as well as foreign residents.

While GNP of a nation does not include the income earned by the foreign residents within the boundaries of a nation. So it is lower than GDP.

4 0

3 years ago

Mark and Riley live in Orlando and decide to open a souvenir shop. They incorporate their shop, Sunshine Gifts, Inc., in the sta

Nesterboy [21]

Mark and Riley live in Orlando and decide to open a souvenir shop. They incorporate their shop, Sunshine Gifts, Inc., in the state of Florida. In Florida, Sunshine Gifts would best be characterized as A domestic corporation.

<h3><u>What are domestic corporations ?</u></h3>

A domestic corporation is a business that operates within its own nation.
A domestic business may have to pay tariffs or other fees on the goods it imports and is frequently subject to different taxation than a non-domestic firm.
In most cases, a domestic corporation that has filed its articles of incorporation can readily conduct business in other states or regions of the nation.

To view more questions about domestic corporation, refer to: brainly.com/question/800904

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8 0

1 year ago