1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
eduard
3 years ago
6

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.

You might be interested in
Greer Company developed the following data for the current year:
bixtya [17]

Answer:

option (C) is correct.

Explanation:

Given that,

Beginning work in process inventory: $102,000

Direct materials used: 156,000

Actual overhead: 132,000

Overhead applied: 138,000

Cost of goods manufactured: 675,000

Total manufacturing costs: 642,000

Company's direct labor cost for the year:

= Total manufacturing costs - Overhead cost - Direct materials cost

= Total manufacturing costs - Overhead applied - Direct materials used

= $642,000 - $138,000 - $156,000

= $348,000

5 0
3 years ago
The long-run aggregate supply curve is vertical because: minimum wage sets the long-run wages. the price level is constant in th
mixas84 [53]

Answer:

The correct answer is the second option: The price level is constant in the long run.

Explanation:

To begin with, the concept of the <em>"aggregate supply"</em> refers to the total amount of goods and services that firms are willing and are able to offer at a certain price level given and at a determine period of time. Moreover, at the long-run the aggregate supply curve is not affected by many variables as it is in the short run and this is due to the fact in the long run the economy is said to be at full capacity and optimally and also because the changes in the aggregate demand are only affective in the short run to the economy's total output.

4 0
3 years ago
Which are two feature of a bond
xz_007 [3.2K]
D. can be flipped for profit and E. has a maturity date
5 0
3 years ago
Read 2 more answers
On January 1, 2021, Calloway Company leased a machine to Zone Corporation. The lease qualifies as a sales-type lease. Calloway p
Delicious77 [7]

Answer:

DR Interest receivable                                  26,400

CR Interest revenue                                                       26,400

Explanation:

As first lease has already been paid, the amount left of the lease is;

= 280,000 - 40,000

=$240,000

Interest is 11% so the interest to be received in December is;

= 11% * 240,000

= $‭26,400‬

This will be debited to Interest receivable as it is money owed and credited to Interest revenue as it is money earned.

6 0
3 years ago
Randomly listed below are the steps for preparing a trial balance: (1) Verify that the total of the Debit column equals the tota
liberstina [14]

A test balance is used to detect any calculation error that may have occurred within the accounting system. For this, it is sought to verify if the total debits and the total credits are equal, for this the balance of all accounting books is compiled in column totals of both debit and credit. A company usually prepares a trial balance periodically, usually at the end of each reporting period.

In this case, to carry out the trial balance, you must first clarify the name of the company, the title of the trial balance and the date on which the trial balance is prepared, then proceed to list the ledger accounts and enter the debit and credit balances in the respective columns, then the columns are totalized and finally it is verified that the credit totals are equal to the debit totals

Answer

The correct order of the steps is (3), (2), (4) and (1)

7 0
3 years ago
Other questions:
  • What is the square root of 5
    12·1 answer
  • Which of the following should be filed immediately after bogart
    12·1 answer
  • Resources are not usually hired on a day-to-day basis to meet fluctuating requirements. This means that a. the maximum number of
    6·1 answer
  • The following passage would be appropriate for a document aimed at a multicultural audience: Two companies found themselves in t
    13·1 answer
  • You are a financial manager in a public corporation. One of your engineers says that they can increase the profit margin on your
    15·1 answer
  • 4) (Economies of Scale) Suppose a firm has chosen its quantity so that its marginal cost is equal to the market price, and is ma
    11·1 answer
  • Which of the following is an example of synthesizing?
    13·2 answers
  • W, Inc. plans to have the same inventories at year end as was in the beginning of the year. The expected total fixed costs for t
    8·1 answer
  • You're prepared to make monthly payments of $465. Beginning at the end of this 20,031 month, into an account that pays 12 percen
    13·1 answer
  • Ondren Machine Tools has total assets of $3,930,000 and current assets of $829,000. It turns over its fixed assets 3.8 times per
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!