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3 years ago

What is possession utility?

Business

1 answer:

katrin2010 [14]3 years ago

6 0

b.) The Value added to a product by transferring ownership to the customer.

is the answer

<u>Explanation:</u>

Possession utility explains and possibly contains the gratification that arises from owning a product or using a service. Buying and selling of anything include the change of ownership from one to another. Possession utility is what lets customers asses what they purchased. Having versatile choices for payment is one way to make possession simple for customers. Other methods can be how the product is delivered, how quickly it is delivered. Possession utility gets down to knowing how people relish what they have and what they give others. Although possession utility is peculiar, it is also significant and usually results after some kind of legal exchange.

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The adjusting entry to record accrued revenue a.differs from the journal entry to record revenue on account. b.includes a debit

motikmotik

Answer:

Explanation:

To accrue means to grow or to accumulate over time. In accrual accounting, if the revenue recognition criteria are met in the current period, revenue will need to be accrued in the current accounting period even if cash will not been received until a later accounting period.

Accrued revenues is a type of account that require adjustment, to register the unrecorded revenues that have been earned and for which cash has not yet to be received.

The accrual journal entry to record the sale involves a debit to the accounts receivable account and a credit to sales revenue. If the sale is for cash, debit cash instead. The revenue earned will be reported as part of sales revenue in the income statement for the current accounting period.

It is the same for accrued revenue and for revenue on account.

8 0

3 years ago

"Evan lives in an apartment building. The land and structures are owned by a corporation, with one mortgage loan covering the en

julsineya [31]

Answer:

co-operative ownership

Explanation:

Cooperative ownership is an apartment ownership is the process where by a buyer receives shares of stock in the building corporation and a lease of the apartment being sold as the case of Mr Evan.

5 0

3 years ago

The analytical tool designed to

sergiy2304 [10]

Answer:

In his traditional role Finance

Manager is responsible for

Select one:

Running the business smoothly

Proper utilisation of the funds

Arranmgement of financial

resources

Efficient management of cash

Explanation:

In his traditional role Finance

Manager is responsible for

Select one:

Running the business smoothly

Proper utilisation of the funds

Arranmgement of financial

resources

Efficient management of cash

7 0

3 years ago

What is the total cost of a $95. 00 item with a sales tax of 6%?.

serg [7]

The item has total cost paid after sales tax is $100.7.

The total cost for an item is the selling price that is paid after the addition of tax. The tax is the percent amount paid on the item over the selling price.

<h3>Computation for the total cost of the item</h3>

The cost of the item, <em>c</em> = $95

The percent tax added to the sale is, <em>t</em>=6%

The amount of tax paid is given as:

$\text{ Amount}=c\;\times\;\dfrac{t}{100}\\\\ \text {Amount}=95\;\times\;\dfrac{6}{100}\\\\ \text {Amount}=5.7$

The amount of tax paid on the item is $5.7.

The total cost of the item is given as:

$\rm Total \;cost=\textit c\;+\;tax\\\\Total\;cost=95\;+\;5.7\\\\Total\;cost=100.7$

The total cost paid for the item after sales tax is $100.7.

Learn more about tax, here:

brainly.com/question/1362871

3 0

2 years ago

Bluestone Company had three intangible assets at the end of the current year:

adoni [48]

Answer and Explanation:

The computation is shown below:

1) Calculation of the acquisition cost is

Patent = $4,000

Trademark = $210,000 + $8,500 = $218,500

Licensing Rights = $80,000

2) Computation the amortization expense is

Patent = $4,000 ÷ 10 = $400

Trademark = $218,500 ÷ 10 = $21,850

Here we assume the indefinite life of 10 years

Licensing Rights = $80,000 ÷ 5 = $16,000

Income statement:

Amortization expense $38,250 ($400 + $21,850 + $16,000)

Balance sheet at year end december:

Fixed assets

Intangibles

Patent $3600 ($4,000 - $400)

Trademark $196,650 ($218,500 - $21,850)

Licensing Rights $64,000 ($80,000 - $64,000)

8 0

3 years ago