Answer:
Possession utility
Explanation:
Form utility involves changing raw materials or putting parts together to make them more useful. It deals with marketing or producing things.
Types of utility:
-Place utility. Having a product where customers can buy it.
-Time utility. Having a product available at a certain time.
-Possession utility involves making it easier for a customer to own a product by offering credit terms, loans, etc.
It is created by transfer of physical possession and ownership of a product to a customer.
-Information utility. Is the communication with the consumer.
Answer:
a. private enterprise
Explanation:
Economics systems can be categorized as;
- Command or planned economic systems
- Mixed economies
- Market or free enterprise economies
The market or free enterprise economy is also the private enterprise economy. This economic system has the private sector as the primary producers of goods and services. The government does not interfere with economic activities.
In the private enterprise economy, private firms and individuals have the freedom to start and operate a business of their preferences. The government does not regulate the production, distribution, or prices of products. The private sector engages in business activities that will generate maximum profits for them.
Answer:
4
Explanation:
A bank holds 450,000 in required reserves
The bank also hold 1,800,000 in total deposits
Therefore the deposits expansion multiplier can be calculated as follows
= 1,800,000/450,000
= 4
Hence the deposits expansion multiplier is 4
Answer:
Dr Cash 105,600
Dr Compensation Expense 14,400
Cr Common Stock 10,000
Cr Paid-In Capital – Excess of Par 110,000
Explanation:
KL Corp Journal entry
Dr Cash 105,600
Dr Compensation Expense 14,400 (10,000*12*12%)
Cr Common Stock 10,000 (10,000*1)
Cr Paid-In Capital – Excess of Par 110,000
(10,000*(12-1))
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