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2 years ago

One difference between services in the production of goods is that the services are consumed blank where as good as can be blank

1 answer:

8 0

One difference between services in the production of goods is that the services are <u>consumed by the consumer instantly </u> where as good as can be<u> stored by the consumer </u>

Explanation:

Goods and services are two important types of purchases that people make.

A good is termed as tangible or physical product that people can buy, tangible meaning something you can touch,and store for later use

A service is said to be intangible, which can't be physically touched or stored.You can only pay for a service

The term Perishability means that services cannot be stored for later sale or use. In other words, services cannot be inventoried. This is one of the most significant characteristics of services, and it has a major impact on financial results of a company

One difference between services in the production of goods is that the services are <u>consumed by the consumer instantly </u> where as good as can be<u> stored by the consumer </u>

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If three sandwiches and two bags of chips cost $22. 00, and two sandwiches and one bag of chips cost $14. 25, how much does a ba

morpeh [17]

A bag of chips will cost $1.25. The price is calculated by making linear equations in two variables and solving them by substitution method.

<h3>What is a linear equation in two variables?</h3>

Linear equation in two variables can be defined as an equation in the form:

$\rm ax + by = c$ , where x and y are variables and a and b are not equal to 0.

For the given problem, let "s" be the cost of a sandwich and "c" be the cost of a chips bag.

Given:

The cost of three sandwiches and two chips bags is $22.00.

Therefore, the 1st equation will be:

$\rm 3s +2c = 22$

The cost of two sandwiches and one chips bag is $14.25.

Therefore, the 2nd equation will be:

$\rm 2s + c = 14.25$

To calculate the cost of a chips bag, we need to solve equation 1 and equation 2 by the substitution method.

From equation 2, the value of c will be:

$\begin{aligned}\rm 2s + c &= 14.25\\\\c &= 14.25 - 2s\end$ ... (3)

Now we will put $\rm c = 14.25 - 2s$ in equation 1:

$\begin{aligned} \rm 3s + 2c &= 22\\\\3s + 2(14.25 - 2s) &= 22\\\\3s + 28.50 - 4s &= 22\\\\-s + 28.50 &= 22\\\\s &= 28.50 - 22\\\\s &= \$6.50\end$

On substituting the value of s in equation 3:

$\rm c = 14.25 - 2s \\\\c = 14.25 - 2(6.50)\\\\c = 14.25 - 13\\\\c = \$1.25$

Therefore the cost of a bag of chips is $1.25.

Learn more about linear equations in two variables here:

brainly.com/question/84787

8 0

2 years ago

Which of the following statements about comparative advertising is true? Comparative advertisements now constitute over 90% of a

alexira [117]

Answer:

Comparative advertisements need legal support for their claims and must not misrepresent competing products/brands

Explanation:

Comparative advertisement is also called advertising war. A competitor is named in the advertisement and reasons are given why the competitor's product is inferior to the one being advertised.

In this type of advertisement to prevent adverse legal action the company needs to carry out extensive research to provide legal backing for their claims.

Firms must also not misrepresent the competitor's product as this can lead to legal action.

3 0

3 years ago

Delta Corporation has a bond issue outstanding with an annual coupon rate of 7% and 20 years remaining until maturity. The par v

denpristay [2]

Answer:

Current yield is 10.3%

Explanation:

Coupon payment = 1000 x 7% = $70 annually

Number of periods = n = 20 years

Yield to maturity = 11% annually

Price of bond is the present value of future cash flows, to calculate Price of the bond use following formula

Price of the Bond = C x [ ( 1 - ( 1 + r )^-n ) / r ] + [ F / ( 1 + r )^n ]

Price of the Bond = $70 x [ ( 1 - ( 1 + 11% )^-20 ) / 11% ] + [ $1,000 / ( 1 + 11% )^20 ]

Price of the Bond = $557.43 + $124.03 = $681.46

Current yield is the ration of coupon payment to the price of the bond.

Current Yield = Coupon Payment / Price of Bond = $70 / 681.46 = 0.1027 = 10.3%

5 0

3 years ago

1. Jay is the owner of TooCan Tan, a luxury spa and tanning salon that caters to individuals who desire the ultimate experience

Maru [420]

Answer:

Sole Proprietorship

Explanation:

Sole proprietorship is a form of business in which all liabilities,risks&responsibilities(especially in financial aspect) are being borne by a single individual.The individual may not necessarily be the operational entity in the business as he/she in question can employ employees he/she so desires,but when it comes to structuring,legality&sensitive decisions affecting the business,it is borne solely by the individual.This form of business is devoid of partnership,which explains why the demise of the owner is likely to bring an end to the business.

6 0

3 years ago

If you have an income of $18 to spend, and if commodity 1 costs $3 per unit and commodity 2

vova2212 [387]

Answer:

c. x1 + 3x2 = 6

Explanation:

Budget Line is the combination of goods that consumer can buy with given prices & Income (spending all).

Equation: p1.x1 + p2.x2 = m

where p1 & p2 are respective prices ; q1 & q2 are respective quantities ; m is the money income.

Putting p1 = 3 , p2 = 9 as given :

3x1 + 9x2 = 18

Dividing the equation by common factor = 3, we get :

x1 + 3x2 = 6

3 0

2 years ago