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ANTONII [103]
3 years ago
12

While goods are ________, services are ________. analytic; leveraged. produced; performed. analytic; produced. produced; leverag

ed.
Business
2 answers:
lubasha [3.4K]3 years ago
7 0
The correct answer in the spaces above is the produced and performed. While goods are produced is the correct statement because they are being manufactured in order for it to produce. And services are performed, because the services won't be done when it is not performed. So the goods are produced then services are performed.
s344n2d4d5 [400]3 years ago
7 0

Answer:

produced; performed

Explanation:

Firms can offer goods and services to consumers, what differentiates this is the tangibility or intangibility of what will be traded. Goods are tangible products, that is, they have a shape and a physical structure, for example a notebook, a tire, a book. Therefore, goods need to be produced before being traded. The services are intangible, that is, they do not exist in physical form, such as cleaning a house, performing a data search and giving a class. In this way, services are provided by a provider to consumers.

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Paid $7,000 of accrued taxes at the time the plant site was acquired. choose an account title 2. Paid $200 insurance to cover a
xenn [34]

Answer: Please refer to Explanation

Explanation:

Hello. Your question was not complete as it lacked certain options.

I have attached it to this answer.

1.Paid $7,000 of accrued taxes at the time the plant site was acquired. LAND because it was an expense that was needed to acquire the land so it is capitalized

2. Paid $200 insurance to cover a possible accident loss on new factory machinery while the machinery was in transit. EQUIPMENT

3. Paid $850 sales taxes on a new delivery truck. EQUIPMENT.

4. Paid $21,000 for parking lots and driveways on the new plant site. choose an account title. LAND IMPROVEMENTS.

5. Paid $250 to have the company name and slogan painted on the new delivery truck. choose an account title. EQUIPMENT

6. Paid $8,000 for installation of new factory machinery. choose an account title. EQUIPMENT

7. Paid $900 for a 2-year accident insurance policy on the new delivery truck. choose an account title. PREPAID INSURANCE

8. Paid $75 motor vehicle license fee on the new truck. LICENSE EXPENSE.

4 0
3 years ago
In its first year of operations, Grace Company reports the following:
ANEK [815]

Answer:

D) $25,000.

Explanation:

The Accrual Basis of Accounting is the process in which income earned or expenses incurred are recorded at the time the transaction takes place, whether or not the cash has been exchanged.

Net Income is derived by subtracting Expenses from Revenue.

N.B. Prepaid Expenses are Advance Payments towards expenses and are a Balance Sheet Items and will not be recorded under Net Income Calculations until the Expenses are realized.

So, The Net Income can be calculated as follows;

Revenue $60,000

Less: Expenses $35,000

Net Income $25,000

Hence Option D will be correct answer.

#NETINCOME

#PREPAIDEXPENSES

#ACCRUALBASISOFACCOUNTING

5 0
3 years ago
Manufacturing overhead costs incurred for the month​ are: Utilities $ 39 comma 000 Depreciation on equipment $ 24 comma 000 Repa
Alchen [17]

Answer:

Expense accounts are debited

Explanation:

4 0
3 years ago
ReNaPro Inc., a multinational marketing agency, offers a curriculum in health education for its employees. It provides health pr
Dimas [21]

Answer:

engaged in health promotion at the highest level of organizational commitment

Explanation:

As it is mentioned in the question that ReNaPro Inc i.e is a multinational marketing agency that provided its employees a health educational program. In addition, it also regularly offers health promotions and offered incentives.

So here ReNaPro engaged in the promotion of health for the highest level of organisational commitment

6 0
3 years ago
A recession tends to cause the federal budget deficit to ________ because tax revenues ________ and government spending on trans
AveGali [126]

Answer:

b) increase; fall; rises

Explanation:

Federal budget comes from tax revenues and was drained by transfer payments.

In a recession, firms go out of businesses and people don't spend much. There will be less tax on goods and firms' profits. On the other hand, more people become unemployed  and become entitled to receiving transfer payments.

3 0
3 years ago
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