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SSSSS [86.1K]
3 years ago
9

Which of the following attributes is most typical of a​ service? A. mass production B. production and consumption occur simultan

eously C. consistency D. easy to automate E. tangible
Business
1 answer:
kenny6666 [7]3 years ago
5 0

Answer: Production and consumption occur simultaneously

Explanation:

Services are intangible quantities that possess value and can be traded, services cannot be stored therefore it most times is produced and consumed at the same time.

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A buyer is closing on the purchase of a residence. The taxes for the year are estimated to be $4,780. The closing date is Januar
Aneli [31]

Answer:

For seller = $196.44

For buyer = $4583.56

Explanation:

Data provided in the question:

Taxes for the year = $4,780

Date of closing = January 16

since the day of closing belongs to the buyer therefore the seller owns the tax for 15 days only

Per day tax = [ Taxes for the year ] ÷ 365

= $4,780 ÷ 365

= $13.095 per day

Hence,

Proration will be

for seller = $13.095 per day × 15 days

= $196.44

For buyer = $4,780 - $196.44

= $4583.56

6 0
3 years ago
Assume that on September 1, Office Depot had an inventory that included a variety of calculators. The company uses a perpetual i
Alisiya [41]

Answer and Explanation:

The journal entries are shown below:

1. Inventory $1,800

        Accounts Payable $1,800

(Being purchased on account)

2. Inventory $50

     To Cash $50

(being freight paid)

3. Accounts Payable $51

     To Inventory $51

(being the returned calculator is recorded)

4. Accounts Receivable $670

       To Sales Revenues $670

(Being sales is recorded)

5. Cost of Goods Sold $460

      To Inventory $460

(Being cost of goods sold is recorded)

6.  Sales returns $40

         To Accounts Receivable $40

(being sales return is recorded)

7. Inventory $28.20

      To Cost of Goods Sold $28.20

(Being cost return is recorded)

8. Accounts Receivable $780

      To Sales Revenues $780

(Being the sales is recorded)

9. Cost of Goods Sold $560

      To Inventory $560

(Being the cost of goods sold is recorded)

5 0
3 years ago
Complete the following statement. The purpose of the closing process is to reset _________ (temporary/permanent) account balance
frez [133]

Answer:

The correct answer is temporary/earnings

Explanation:

The objective of the accounting closing is to evaluate the benefits or losses of a business activity. In other words, if the final result is positive, there is an increase in business equity, and if the final result is negative, there is a decrease in company equity.

Finally, in the accounting closing, a series of steps are carried out: the accounting regularization, the determination of the result, the closing of accounts and the presentation of annual accounts.

In conclusion, in the accounting cycle a period of time is contemplated and a set of operations and procedures are carried out in order to reflect the financial status of a company.

4 0
3 years ago
Read 2 more answers
In long-run equilibrium with trade, losses from import competition will force some firms to ______________, increasing demand fo
MrMuchimi

Answer:

The correct answer is option b.

Explanation:

In an open economy, domestic firms have to face competition from the foreign producers. If firms face losses in the long run, because of import competition, these firms will leave the industry.

As the number of domestic firms get reduced, the demand curve of the other firms will become flatter. This happens because of the foreign firms that bring in a large variety of goods in the domestic market.

7 0
3 years ago
A new drug has not been approved by the FDA to sell in the U.S. because further testing is needed. The company has a chance to s
Juliette [100K]

Answer:

The correct answer is d. ethics.

Explanation:

Ethics is a systematic and critical analysis of morality, of the moral factors that guide human behavior in a given practice or society. As fishing represents an interaction between people and the aquatic ecosystem, fishing ethics refers to the values, rules, duties and virtues relevant to the well-being of people and the ecosystem, providing a critical normative analysis of the moral issues at stake. in that sector of human activities.

When moral values, rules and duties are subject to an ethical analysis, their relationship with the basic human interests shared by the population, regardless of their cultural environment, is particularly important. Moral values ​​can change and moral reasoning asks whether activities legitimated traditionally and in practice by religion, law or politics deserve to be recognized. Indeed, the evolution of ethics in the last century has been characterized by the tendency to change values ​​and overthrow the moral conventions that have guided relations between the sexes, between human beings and animals and between human beings and their environment. A more recent task of ethics is to offer resistance to these tendencies to globalization, commercialization and mastery of technology that erode biodiversity and valuable aspects of cultural identity and that could even threaten human rights. Although these trends are often presented as neutral in relation to values, they carry hidden hypotheses that are possible sources of inequality and abuse.

6 0
3 years ago
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