Answer:
true
Explanation:
Services are different than products because they:
- products can be stored for future use while services perish immediately after being performed or if they are not consumed, e.g. unsold spaces in a theater cannot be stored for later use ⇒ Perishability
- products are tangible, while services cannot be measured, weighted, etc. ⇒ Intangibility
- products can be mass produced and can be homogeneous, while services are unique because every time they are consumed, the experience varies depending on the conditions and circumstances that surround it ⇒ Heterogeneity
- You can own and transfer the title of a product, while you cannot transfer the title of services, e.g. you rent the room of a hotel for a night but that doesn't make you owner of the room ⇒ Ownership
- Products are independent and separate from the people or machines that produce them, while services cannot be separated from the people or things that provide them ⇒ Inseparability
Fixed expenses are expenses incurred within a given period of time e.g a month and remain constant and are not easily changed. They include monthly bills and expenses such as health insurance and life insurance. On the other hand, flexible expenses also called variable expenses include daily spending such as spending on food tea, which differ and change time to time .<span />
Answer: $540,000
Explanation:
Given that,
Fair value of the common stock = $30 per share
Common stock, $10 par value, authorized 200,000 shares;
issued and outstanding 120,000 shares = $1,200,000
Additional paid-in capital on common stock = $150,000
Retained earnings = $700,000
Total stockholders' equity = $2,050,000
Declared a dividend of 15%:
= 120,000 × $30 × 15%
= $540,000
Since, dividends are paid out Retained earnings. Therefore, retained earnings will decrease by an amount of $540,000.
Answer:
These financial conglomerates provide a range of services, such as investment banking, commercial banking, and financial advising. ⇒ <u>FINANCIAL SERVICES CORPORATIONS. </u>
The institution described is a Financial Services Corporation as they offer many services to customers including all the above services. The firm type depends on the services it offers.
They are owned by members so that members can share funds among themselves. Members who save deposit the funds. These funds are then loaned to members who need the funds. ⇒ <u>CREDIT UNIONS.</u>
This is a Credit Union. Credit Unions were designed to ensure that people had access to low interest loans. They are like banks in that they loan money but they only loan to members. Members own the Union and it is run on a non-profit basis which is why rates are so low.
With the use of advanced investment techniques, these largely unregulated portfolios are invested in securities. The investment objective is to offset potential losses by investing in counterbalancing securities. They are open to only a select class of investors. ⇒ <u>HEDGE FUNDS. </u>
Hedge funds invest in derivatives a lot and are largely unregulated. They use very advanced investment techniques to earn high returns for their exclusive class of investors who pool funds to provide the Hedge fund with capital for investment.
Answer:
Hierarchical organizational structure
Explanation:
Hierarchical organizational structure is the type of organization structure where the level of management are divided according to function and services they are performing.
though, the level of management is divided into top level management (the planning executives: boards of member, executives, shareholders), middle (determined how the plan and organization goal will be implemented: managers) and lower level (implement the plan: the supervisor, foreman or shift manager), then will have the workers.
this management system involves decision and authority being transfer from level to level.
in the case: Asa is in the worker level, while her shift manager is in the lower level and general manager is in the middle level.
