The answer is a laptop computer.
Thus, Laptop computers would be classified as homogeneous shopping products.
What is shopping products?
- A shopping item may be a sort of item that requires shopper investigate and comparison of brands.
- Homogeneous and heterogeneous are the two particular sorts of shopping items.
- Homogeneous items are seen by consumers as exceptionally comparable in nature and the ultimate buy is more often than not decided on the lowest price.
- If our farmer's feed compactor required substitution, he would seek for the foremost reasonable one.
- Other illustrations of this sort of shopping item would be apparatuses, such as washers, dryers, or a cooler.
- A item can be a business item or a buyer item. If the end client of the item is the customer, at that point the item may be a customer item.
- In the event that the conclusion client could be a commerce, at that point it is categorized as a commerce item.
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Answer:
Dr Cash account 100
Cr Common Stock account 100
Explanation:
When a company sells stock they must record the value of the stock sold at par value in the common stock account. Any extra money received should go to the capital paid-in excess of par value account.
In this case, Niren sold 100 shares at par value ($1), so $100 should be recorded in the common stock account.
Answer:
a. Date Account Title and Explanation Debit Credit
Insurance Expenses $2,800
Prepaid Insurance $2,800
(To record 6-month Insurance coverage expired)
b. Date Account Title and Explanation Debit Credit
Supplies Expenses $10,200
Supplies $10,200
(8,200 +3,600 - 1,600)
(To record supplies consumed during the year)
Answer:
10%, 5%, 85%
Explanation:
This is the amount, in thousands, required to get 1%.
, therefore this is 85% (approximated)
, therefore this is 5%, and we'll call this number A
, and this is 10%!
Answer:
Explanation:
(a) i. Payment = $7000
For cash flow payment = $750 (Per year at 5%, for 12 years)
= 750*8.863
= $6697.25
This shows it is better to receive $7000 right now.
ii. FV = $10000
PV = FV(P/F, 5%, 10 years)
= 10000*0.6139
= $6139
And Payment of $1000 per year, for 5 years
PV = 1000 (per year at 5%, for 5 years)
= $1000*7.722
= $7722
It is better to get $1000 per year for 5 years
(b)i. PV = $1000
fV = $1402.55
Interest = i
by formula
1000 = 1402.55 (p/f, i, 5)
1000 =
=
1 + i = 1.069
Collect like terms
i = 1.069 - 1
i = 0.069
i ≈ 7%
ii. PV = $166666.67
Perpetuity = 15000
interest is unknown
166666.67 = 15000/i
i = 15000/166666.67
i = 0.089
i ≈ 9%