In comparison to service providers "manufacturers produce goods prior to purchase, but most services are performed after purchase" is true of manufacturers.
<u>Answer:</u> Option B
<u>Explanation:</u>
An individual or a licensed company that makes completed raw material products in a desperate attempt to make a profit, thus known as a "manufacturer". Subsequently, the commodities are circulated to wholesalers and retailers who then sell to clients.
It is mainly the manufacturing mechanism that is responsible for enforcing and operating the manufacturing system to produce the product. Production may also include the purchase, distribution, and installation, as well as the component's physical manufacture. Instances of North America's major producers are General Electric, General Motors Corporation, Procter & Gamble, Boeing, General Dynamics, Pfizer and Precision Castparts.
Hello sorry I just need help so I’m answering this
Answer:
D. $8,000 and $70,000
Explanation:
Data provided as per the question:-
Old machine = $62,000
New machine = $70,000
The computation of recognized gain or loss is shown below:-
Realized gain = New machine - Old machine
= $70,000 - $62,000
= $8,000
Therefore, for computing the realized gain we simply deduct old machine from new machine the fair base value is $70,000, so it has been recorded.
The examples of market failure include:
- market outcome in which consumer surplus is greater than producer surplus.
- overproduction of goods and services.
<h3>What is market failure?</h3>
Market failure simply means an inefficient distribution of goods and services in the market.
In this case, market failure can occur when there's a market outcome in which consumer surplus is greater than producer surplus and when there's an overproduction of goods and services.
Learn more about market failure on:
brainly.com/question/368647