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2 years ago

Provide examples of each: consumer durable goods, consumer nondurable goods, and services.

Business

1 answer:

belka [17]2 years ago

3 0

Answer:

Consumer durable goods: cars, departments.

Consumer nondurable goods: canned food, clothes.

Services: cable, internet, energy and water.

And the correct answer is the option A: A new Ford Fiesta.

Explanation:

To begin with, the durable goods in the microeconomics theory are those that do not wear out with one ot two uses, but instead it actually has a long life with multiple uses. It does not mean that those goods stay forever new. Meanwhile the nondurable goods are those that do wear out after one or two uses of the good and the most common example of that is the food and the clothes. Finally, the services are those that the people ask for in the case they want and specific situation to happen to them, like to have water, to have cable and internet, etc.

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Bryce Corporation has pretax accounting income of $100,000. Bryce has interest on municipal bonds of $7,000. Depreciation for ta

Ket [755]

Answer:

$90,000

Explanation:

It is given that :

The pretax accounting income of Bryce Corporation 100,000

The interest on the municipal bonds - 7,000

The depreciation - 5,000

The difference in bad debt expense (3000-1000) <u> +2,000</u>

So the total income of Bryce Corporation $ 90,000

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2 years ago

The demand for one of X Company’s products has declined in recent years. The product is manufactured using designated equipment

djverab [1.8K]

Answer:

$230,000

Revised Question:

The demand for one of X Company's products has declined in recent years. The product is manufactured using designated equipment that originally cost $1,300,000 and has a carrying value of $720,000. As of the current date, December 31, 2012, it is expected that only an additional 400,000 units are likely to be sold over the remaining life of the equipment. Each unit sells for $3 and has a manufacturing cost of $1.50. Relevant information as of December 31, 2018:

The undiscounted future cash inflows from the sale of products over the life of the equipment is expected to be $600,000.

The present value of the future cash inflows from the sale of products over the life of the equipment, calculated at the company's cost of capital, is $475,000.

The equipment has a fair value of $490,000 on the date of evaluation.

How much of an impairment loss will X Company recognize in 2018?

Explanation:

IAS 36 Impairment of Assets states that company's or entity's assets can not be carried at more than their Recoverable Amount

<em>Recoverable Amount</em> equals to higher of Fair Value less cost of disposal and Value in Use

<em>Value in Use</em> is net present value (NPV) of future cashflows generated by an asset.

Lets calculate the Recoverable amount of the equipment of Company X:

Fair Value less Cost of disposal = $490,000 - 0 = $490,000

Value in Use = discounted future cashflows from equipment = $475,000

<em>So Recoverable Amount is higher of Fair Value less cost of disposal and Value in Use i.e $490,000</em>

<h3>Impairment Loss = Carrying Value - Recoverable Amount </h3><h3> = $720,000 - $490,000</h3><h3> = $230,000</h3>

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2 years ago

Gavina places products in several of the marketing channel categories. two examples of this are placement in mcdonald's in a(n

o-na [289]

<span>Gavina places products in several of the marketing channel categories. Two examples of this are placement in mcdonald's in a time utility category and placement in costco in the place utility category.

McDonald's falls under the time utility category because they streamline their services by making the ordering process to leaving with food as fast as possible. Those people wanting to save time and/or get the most value for their time often pick a fast food chain.
Cosco is an ample of place utility because they group together large quantities of </span>items that many consumers want into one place. By doing this, they allow the buyer more options in one place making items more easily accessible.

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3 years ago

What is the recovery period and depreciation method of a residential rental property located in a foreign country which was plac

snow_lady [41]

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2 years ago

On january 14, sheridan company purchased supplies of $420 on account. the entry to record the purchase will include:______.

devlian [24]

Entry to record the purchase will include <u>a debit to supplies and a credit to accounts payable</u>.

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A debit will increase asset or fee debts and decreases legal responsibility, sales, or fairness debts. A credit is continually located at the proper aspect of access. It increases legal responsibility, revenue, or equity money owed and reduces asset or cost money owed.

Purchasing is the buying of goods or offerings. An item that has been bought is known as a purchase. the opposite of a purchase is a sale. In not unusual usage, the shorter word "purchase" is usually used whilst buying, instead of the phrase "buy".

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1 year ago