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4 years ago

The basic difference between a good and a service is that a good:

Business

1 answer:

alexgriva [62]4 years ago

6 0

Answer:

The correct answer is letter "B": can be physically touched.

Explanation:

Goods are those <em>material </em>assets that satisfy consumers' needs. Services are also provided to fulfill individuals' wants but they are <em>intangible</em>, meaning even if goods can be rendered from one person to another, services cannot be touched or perceived with the senses. The creation of goods and services to cover different types of necessities is what drives countries' economies.

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Becky only eats out at Macaroni Grill and eats out three times per month. She receives a raise from $33,200 to $33,500 and decid

iragen [17]

Answer:

55.58

Explanation:

Data provided in the question;

Initial demand per month, Q₁ = 3

Final demand per month, Q₂ = 5

Initial price, P₁ = $33,200

Final price, P₂ = $33,500

Now,

elasticity of demand using midpoint method is calculated as :

= $\frac{\textup{percent change in demand}}{\textup{percent change in supply}}$

= $\frac{\frac{Q_2-Q_1}{\frac{Q_1+Q_2}{2}}}{\frac{P_2-P_1}{\frac{P_1+P_2}{2}}}$

on substituting the respective values, we get

= $\frac{\frac{5-3}{\frac{5+3}{2}}}{\frac{33,500-33,200}{\frac{33,200+33,500}{2}}}$

= $\frac{\frac{2}{4}}{\frac{300}{\frac{66,700}{2}}}$

= $\frac{0.5}{\frac{300}{33,350}}$

= 55.58

3 0

4 years ago

On March 15, Summit Hawk declares a quarterly cash dividend of $0.085 per share payable on April 13 to all stockholders of recor

Sedaia [141]

The journal entries to Summit Hawk's declaration and payment of cash dividends is: Debit Dividend $18,530,000; Credit Dividend payable $18,530,000

<h3>Journal entries</h3>

March 15

Debit Dividend $18,530,000

(218,000,000 shares × $0.085)

Credit Dividend payable $18,530,000

(To record cash dividend declaration)

March 30

No entry

April 13

Debit Dividend payable $18,530,000

(218,000,000 shares × $0.085)

Credit Cash $18,530,000

(To record payment of cash dividend)

Therefore the journal entries to Summit Hawk's declaration and payment of cash dividends is: Debit Dividend $18,530,000; Credit Dividend payable $18,530,000.

Learn more about journal entries here:brainly.com/question/14017973

#SPJ1

6 0

2 years ago

The following information is provided for Slickers, Inc. for year 2016: • Preferred stock, 5%, $20 par value, 1,500 shares issue

gayaneshka [121]

Answer:

The amount of dividends paid to common stockholders in 2016 is $4000

Explanation:

The cumulative preferred shares are the shares that accumulate dividends in case the dividends on these shares are not paid or paid partially in a year. The accumulated dividends will need to be paid first whenever the company declares dividends.

The amounts of dividends on preferred share for one year is,

Dividends - Preferred shares = 20 * 0.05 * 1500 = $1500

Thus, the accumulated dividends on these preferred shares at start of 2016 is,

Accumulated dividends - Preferred shares = 1500 * 3 = $4500

The common shares holders are paid after the preferred share holders have been paid. This means that we will deduct the amount of accumulated dividends on preferred shares and the dividends for this year on preferred shares from the total dividends to calculate the amount to be paid to common share holders as dividends.

Common stock dividends = 10000 - (4500 + 1500) = $4000

3 0

3 years ago

What annual rate of return would Jia need to earn if she deposits $20,000 per year into an account beginning one year from toda

Nimfa-mama [501]

Answer:

3.12%

Explanation:

We use formula in excel to calculate annual rate of return

Rate = (Nper,PMT,,FV,1)

Nper (number of payments): 30

PMT (payment made every period) : -$20,000

FV (future value of investment): $1,000,000

type 1 for payment beginning of period

Then rate = (30,-20000,,1000000,1)= 3.12%

Please see excel attached for the calculation

Download xlsx

5 0

4 years ago

QUESTION 1

ser-zykov [4K]

Answer:

It dosent show a question.

3 0

3 years ago