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pishuonlain [190]
3 years ago
14

A textile artist can buy fabric, thread, and batting, create an heirloom quilt, and then sell the finished work to customers in

a kiosk decorated with some of the quilts produced to entice customers who shop at the local mall. By designing the quilts and kiosk with aesthetic value, the artist creates __________ utility.
a. application
b. possession
c. time
d. place
e. form
Business
1 answer:
Reil [10]3 years ago
6 0

Answer:

The correct answer is letter "E": form.

Explanation:

Form utility represents the efforts of a company for making a product more appealing to attract consumers. Firms tend to make researches before launching a product so they know what potential consumers want. After the study, organizations can provide a good or service that fulfills customers' demands or that surpasses them.

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In 2021, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,000. T
Juli2301 [7.4K]

Answer:

Explanation:

                                                     2021            2022          2023

Bills during the year               2,180,000   2,644,000  5,176,000

Cost incurred in the year       2,016,000   2,808,000  2,613,600

Cumulative cost to date         2,016,000   4,824,000   7,437,000

Estimated cost to complete   5,184,000    2,376,000         0

Estimated total cost                7,200,000    7,200,000     7,437,000

percentage completion

2,016,000/7,200,000*100 =28%

4,824,000/7,200,000*100 = 67%

7,437,000/7,437,000 *100=100%

Percentage Completion                 28                 67              100

Contract price                           10,000,000

Less cumulative cost                 (7,437,000)

Gross profit                                 2,563,000

Contract value 2021  10,000,000* 28 %  =2,800,000

                          2022 10,000,000* 67%    = 6,700,000

                          2023  10,000,000*1005  = 10,000,000

Contract value                           2,800,000     6,700,000    10,000,000

less revenue recognized                                   2,800,000     6,700,000

                                                    2,800,000       3,900,00       3,300,000

less cost incurred in the year  2,016,000        2,808,000     2,613,000

Profit recognized                        784,000          1,092,000      687,000

8 0
3 years ago
When Jim, Jill, and Jeri take ownership to a Bakersfield home, they hold their ownership concurrently. Jim has the greatest prop
guajiro [1.7K]
The carbanaro effect
5 0
3 years ago
the interdependecy of transportation, distribution, communication, and economic networks across international borders
Sergio [31]

The interdependency of transportation, distribution, communication, and economic networks across international borders globalization.

<h3>What is communication?</h3>

Communication is referred to the exchange of information between two individuals in the form of conversation, opinion, suggestion, or advice with the help of medium or direct interaction.

Globalization is a procedure by which the planet is becoming more interlinked as a consequence of drastically expanded trade and cultural interchange taking place through communication, transportation, and so on.

Learn more about communication, here:

brainly.com/question/22558440

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8 0
2 years ago
Red Builders agrees to construct a new building for Blue Co. for a total contract price of $6,000,000. The estimated constructio
Evgesh-ka [11]

Answer: $300,000

Explanation:

Total expected costs = cost incurred to date + estimated cost to complete

                                   = 1,200,000 + 3,600,000

                                   = 4,800,000

Percentage of completion=\frac{Cost\ incurred\ to\ date}{Total\ expected\ cost}\times 100

Percentage of completion=\frac{1,200,000}{4,800,000}\times 100

                                                 = 0.25

                                                 = 25%

Profit = contract revenue - Total expected costs

         = $6,000,000 - 4,800,000

         = $1,200,000

Cumulative gross profit = Profit × Percentage of completion

                                       = $1,200,000 × 0.25

                                       = $300,000

Therefore, Red Builders should have recognized profit at the end of year 1 in the amount of $300,000.

4 0
3 years ago
Fresh Veggies, Inc. (FVI), purchases land and a warehouse for $490,000. In addition to the purchase price, FVI makes the followi
Airida [17]

Answer:

$555,900

Explanation:

To determine the FVI amount that should be recorded, all closing costs must be added to the initial purchase price of the land

∴ = $490,000 + $29,000 + $1,900 + $6,000 + $29, 000

 =$555,900.

4 0
3 years ago
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