All categories

3 years ago

What is an example of form utility

1 answer:

8 0

Form utility refers to how well a product or service meets the customer's needs. For example, a company might design a product to target a specific client's needs or wants. Form utility is the incorporation of customer needs and wants into the features and benefits of the products being offered by the company!

You might be interested in

Owners of the 650 homes in a subdivision list their houses, on average, every six years. if a sales associate farms that neighbo

pishuonlain [190]

There are 650 homes.
Owners list their homes on the average, every six years.
Therefore average number of homes listed per year is
650/6 = 108.333 homes

If a sales associate lists 40% of the homes in a year, she can expect to list
40%*108.333 = 0.4*108.333 = 43.33

We cannot have fractional homes, so the sales associate lists 43 homes per year.

Answer: 43 homes

6 0

3 years ago

Read 2 more answers

On December 31, 2016, Krug Company reported pretax income of $300,000 prior to the following adjusting entries: Depreciation exp

qaws [65]

Answer: $279,000

Explanation:

Accrued revenue and expenses should be accounted for because they have been realized and incurred in the current period.

Used insurance and depreciation should be accounted for as the expenses they are and rent revenue earned should be treated as revenue.

Pretax income after adjustments:

= Pretax income + Accrued sales revenue + rent revenue - Depreciation - Accrued expenses - Insurance

= 300,000 + 36,000 + 2,000 - 38,000 - 17,000 - 4,000

= $279,000

3 0

3 years ago

If a firm collects $80 in revenue when it sells 4 units, $100 in revenue when it sells 5 units, and $120 in revenue when it sell

aalyn [17]

If a firm collects $80 in revenue when it sells 4 units, $100 in revenue when it sells 5 units, and $120 in revenue when it sells 6 units, then one can infer the firm is a perfect competitor.

Turnover is the total amount of revenue generated from the sale of goods or services related to the company's main activities. Earnings, also known as gross earnings, are often referred to as the "top line" because they are at the top of the income statement. Income or Net Profit is the gross profit or profit of a business.

Simply put, revenue is how much money a company makes and profit is how much money a company can keep after paying all its expenses. Here's another example that clarifies where sales and profit are on the income statement. The black box at the top shows the gross or gross sales.

Learn more about revenue at

brainly.com/question/16232387

#SPJ4

3 0

2 years ago

Problem 5-15 Comprehensive Problem-Weighted-Average Method [LO5-2, LO5-3, LO5-4, LO5-5] Sunspot Beverages, Ltd., of Fiji uses th

Alla [95]

Answer:

1. Blending Department

Equivalent units of production (EUP)

Units %material EUP %Conversion EUP

Units Completed and 160000 100% 160000 100% 160000

transferred out

Units of Ending work 40000 100% 40000 25% 10000

in process

Equivalent units of production 200,000 170,000

2. Cost per Equivalent unit

Material Conversion

Cost of Beginning Work in Process $25,200 $24,800

Cost added during June $3,34,800 $238,700

Total Costs $360,000 $263,500

/Equivalent units of Production 200000 170000

Cost per Equivalent unit of Production $1.80 $1.55

3. Cost of ending WIP

EUP Cost per EUP Total Cost

Material 40000 $1.80 $72,000

Conversion 10000 $1.55 $15,500

Total Ending work in process $87,500

4. Cost of Units Transferred Out

EUP Cost per EUP Total Cost

Material 160000 $1.80 $288,000

Conversion 160000 $1.55 $248,000

Total transferred out $536,000

5. Blending Department

Cost Reconciliation Report

Particulars Amount

Costs to be accounted for

Cost of beginning WIP inventory $50,000

($25200+$24800)

Cost added to production $573,500

($334800+$238700)

Total Cost to be accounted for $623,500

Costs accounted for as follows:

Cost of unit transferred out $536,000

Cost of Ending WIP $87,500

Total cost accounted for $623,500

6 0

3 years ago

Accountants and Economists differ in their calculations of profits in that; a. economists consider sunk costs b. accountants c

zysi [14]

Answer:

The correct answer is letter "C": accountants consider explicit costs only.

Explanation:

Explicit costs are those necessary for the operations of the company such as wages, rent or raw materials. Implicit costs are the opportunity costs companies as a result of giving up factors such as purchases or qualified employee hires.

The accounting profit of a company is calculated by subtracting the explicit costs from the firm's total revenue. The economic profit is computed by subtracting the result of adding the explicit and implicit costs from the company's total revenue.

4 0

3 years ago