Answer:A product is a tangible item that is put on the market for acquisition, attention, or consumption, while a service is an intangible item, which arises from the output of one or more individuals. ... In most cases services are intangible, but products are not always tangible. difference between them is products are tangible objects that can be seen, felt and can be moved, whereas, services are intangible and cannot be moved. ... Key Features of a Product. The main character of a product is that it is a physical item that is tangible.
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Explanation:
Answer:
Since this is an example of the colliding task of two different managers, you would have to explain the point of view of the upper level manager and what he/she told you was your duty in the first place.
Even if the assistant manager thinks that not entering the sales is the most efficient idea at the moment, it would be wise to<u> stick to the upper level manager's requirement.</u>
The second course of action would <u>approve the assistant manager's requirement.</u> However, you would have to put out to your upper level manager, in a straightforward manner, that you listened to the assistant manager's suggestion. This is the course of action to opt for if you strongly think that the idea of not entering the sales is correct and won't cause damage that you and the assistant manager will be liable for afterwards.
Answer:
$41,900
Explanation:
Net income. $58,000
Non-Monetary terms
Gain on sale of plants ($6,000)
Depreciation expense. $13,000
Changes in working capital:
Current assets increase. ($22,000)
Current liabilities decrease ($1,100)
Net cash provided by (used for) operating activities is $41,900
Answer:
It will affect the accounting equation in $7.000.
Explanation:
The Assets will increase in $8.000 because Address You now have the right to claim to a customer $8.000 and is recognized in the Receivables. At the same time, Address You has to diminish its inventories at $1.000, because it delivered the dress to the customer. Finally, on the other hand, the profits for selling the dress ($8.000 - $1.000) affect the equity, and now the Accounting equation is balanced.
