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3 years ago

Please answer both questions

Business

1 answer:

mrs_skeptik [129]3 years ago

8 0

Answer:

Question 3: Product based

Question 4: Service based

Explanation:

Hope this helps!!

Have a blessed day/night! <333

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Normally 5:00 pm sometimes they run late though

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3 years ago

Knowledge Check 01 As of December 31, Marr, Inc., has accrued benefits to its employees for medical insurance (in the amount of

Ipatiy [6.2K]

Answer:

Journal Entry to record the employee benefit expense

Dr. Employee Benefits Expense $32,000

Cr. Employee Medical Insurance Payable $12,000

Cr. Employee retirement program payable $20,000

Explanation:

Employee benefits expense is the sum of medical insurance and retirement program expenses. As these payments are accrued and not yet been paid, so these will be classified as liabilities.

Employee Medical Insurance expense = $12,000

Employee retirement expense = $200,000 x 10% = $20,000

Employee benefits expense = Employee Medical Insurance + Employee retirement program

Employee benefits expense = $20,000 + $12,000

Employee benefits expense = $32,000

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3 years ago

A minor bought an Ernie Banks baseball card from a baseball card store. The card was marked $12, and the inexperienced clerk who

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Answer: No. The owner cannot get the card back because of the minor’s lack of capacity

Explanation:

From the information given, we are told that a minor bought a baseball card from a baseball card store for $12, even though the price was $1,200.

It should be noted that the owner cannot get the card back based on the minor’s lack of capacity. In this case, the idea is to protect the minor, therefore the minor who bought the baseball card is the one that can disaffirm or cancel the contract. In this case, the adults are bound to the contract.

The baseball card will only be gotten if the minor wishes to give it back.

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3 years ago

After a recent study showed significant benefits to the use of public transportation, government officials have hired your consu

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<span>In function of the good service that must have in public transport and the welfare for the citizens another suggestion and possible resource that can be taken in this respect is to combine those initial ideas in function of the efficiency that these decisions provide. Reduce the price, you can decrease the income for maintenance, therefore you can freeze for time. Increasing the price may lead to rejection by users and an impact on their economy, however, it must be increased at a reasonable time. The monthly and annual passes are part of a balanced idea. In view of the acceptance of users there is more demand therefore the third idea must be complemented and offer passages of reduction of prices per trip that do not affect both economies of companies and users.</span>

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3 years ago

The CFO of your firm has asked you for an approximate answer to this question: What was the increase in real purchasing power a

nadezda [96]

Answer:

3-month real rate: 1.56%

30 years real rate: 4.42%

Explanation:

We will calcualte the future value of the bond and adjust by inflation:

$Principal \: (1+ r)^{time} = Amount$

3.months TB:

Principal 100.00

time 1 quarter

rate 0.01085 (4.34% divide into 4 quarter)

$100 \: (1+ 0.01085)^{1} = Amount$

Amount 101.09

Adjusted for 2.78 annual inflation

$\frac{Nominal}{(1 + inflation)^{time} } = PV$

Nominal 101.09

time 1 quarter

Inflation 0.0278/4 = 0,00695

$\frac{101.085}{(1 + 0.00695)^{1} } = PV$

PV 100.39

100.39 / 100 - 1 = 0.39% quarterly rate:

0.39 x 4 = 1.56% real rate.

Because the time is low and difference in rate is lower there is no subtancial difference between the accurate method and the simplier method : nominal - inflation = 4.34 - 2.78 = 1.56

Now we do the same for the 30 years TB

$Principal \: (1+ r)^{time} = Amount$

Principal 100.00

time 30.00

rate 0.07330

$100 \: (1+ 0.0733)^{30} = Amount$

Amount 834.90

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity 834.90

time 30.00

rate 0.0278

$\frac{834.898884531252}{(1 + 0.0278)^{30} } = PV$

PV 366.75

now we calculate the rate:

30√366.75/100 - 1 = 0.04427 = 4.42%

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3 years ago