An example of <u>possession</u> utility involves intermediaries shipping goods to buyers of a product.
Possession utility speaks to the actual act of product possession — which includes consumers riding a new automobile off the lot or having furniture added to their domestic. It also highlights the connection between ownership and purpose.
There are 4 one-of-a-kind forms of software: form application, place utility, time software, and ownership application. The quantity to which those utilities affect buy choices depends on the individual.
Ownership utility is the value derived from a product that incorporates the whole possession utility of the product with a preference to apply the product right now and for any motive.
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The most difficult would be drawing a picture. Not sure how you would do that with a keyboard and text.
Answer:
$784,700
Explanation:
Data provided
Revenue from sales = $762,000
Decrease in accounts receivables = $22,700
The computation of cash received from customers is shown below:-
Cash receipts from customers = Revenue from sales + Decrease in accounts receivables
= $762,000 + $22,700
= $784,700
Therefore for computing the cash received from customers we simply applied the above formula.
Answer
b.$0 SE tax; $90,000 NII tax.
The answer and procedures of the exercise are attached in the following image.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Answer:
The answer is: BBQ should report a revenue of $52,640
Explanation:
If BBQ is sure that the State of Kentucky is going to meet the discount threshold, then they should consider the discount when recording their revenue.
revenue = $200 (regular price) x 280 units x 94% (net price after discount)
revenue = $52,640
