All categories

3 years ago

Which action is an example of a service

Business

1 answer:

Mila [183]3 years ago

4 0

Answer:

To perform an open heart sirgury

Explanation:

In economics, a service is a transaction in which no physical goods are transferred from the seller to the buyer. The benefits of such a service are held to be demonstrated by the buyer's willingness to make the exchange. Public services are those that society (nation state, fiscal union, region) as a whole pays for.

You might be interested in

Video Planet (VP) sells a big screen TV package consisting of a 60-inch plasma TV, a universal remote, and on-site installation

Zolol [24]

Answer:

Tv = 1772

Remote = 144

Installation = 144

Explanation:

To calculate stand-alone selling price we need to calculate the percentage of Fair market value first and then allocate the Entire package price in the products according to the percentage of fair market value.

Percentage of the fair market value of each product

Product Fair Value Percentage

TV $1830 86%

Remote $140 7%

Installation $140 7%

Total $2,110 100%

Stand-alone selling price

Product % of fair market value Stand-alone selling price

TV 86% 1772

Remote 7% 144

Installation 7% 144

Total 100% 2,060

7 0

3 years ago

Why is it illegal to alter the odometer on a vehicle

Lana71 [14]

Odometer reading is a vital tool in car assessment, it represents safety, real age of the vehicle, and many other general factors. The act of altering the number constitutes forgery and fraud, due to it's apparent nature. For example, if it would be legal to alter the odometer reading, then many people could buy brand new cars at their local dealerships, with reality being that those are used cars with thousands of miles on them, and used car owners will be more prone to be in car collisions, without having a clue of the real state of their car.

4 0

3 years ago

In Marigold Company, land decreased $156000 because of a cash sale for $156000, the equipment account increased $58000 as a resu

Andrews [41]

Answer:

$ 98,000.00

Explanation:

The net cash provided by investing activities is the difference between cash provided by disposal of land which is $156,000 minus the cash paid to acquire equipment which was $58,000.

Net cash provided by investing activities=$156,000-$58,000=$ 98,000.00

The cash received from bonds issuance of $113,000 is a cash inflow under financing activities not finance-activity related,hence it is not included in the computation above.

8 0

4 years ago

Assume that the U.S. one-year interest rate is 3 percent and the one-year interest rate on Australian dollars is 6 percent. The

kari74 [83]

Answer:

Explanation:

you invest $100,000 today and purchase A$145,137.88

in one year, you will have A$152,394.78

since the PPP stands, the spot rate in one year should be:

0.703 US$ per A$ (since Australia's inflation rate is 2% higher than the US inflation rate, the Australian dollar will depreciate by 2%)

with your A$152,394.78, you can purchase $107,133.53

if you invested in the US instead, you would have $103,000

this means that your Australian investment yielded ($107,133.53 / $103,000) - 1 = 0.04 or 4%

6 0

3 years ago

The Waterfall Company sells a product for $150 per unit. The variable cost is $80 per unit, and fixed costs are $270,000. Determ

MrRissso [65]

Answer

(a) 3858 Units

(b) 4372 Units

Explanation

SP = Selling price per unit = $150 per unit

VC = Variable cost per unit = $80 per unit

TFC = Total Fixed Cost = $270,000

(a) Break-Even Point (Units) = Fixed Costs ÷ (Revenue per Unit – Variable Cost per Unit)

= $270,000 ÷ ( $150 per unit - $80 per unit )

= 3857.14 ≅ 3858 Units

(b)

x = Number of units

TR = Total Revenue = $150x

TC = Total Costs = Total Fixed Cost + Total Variable Cost

TC = $270,000 + $80x

Target Profit = $36,000

Total profit = Total Revenue - Total Costs

36000 = 150x - ( 270000 + 80x)

306000 = 70x

x = 4371.42 ≅ 4372 Units

3 0

3 years ago