The economic term for the want-satisfying ability, or value, that organizations add to goods or services is utility.
<h3>What is utility?</h3>
Utility refers to the amount of satisfaction a consumer derive from the consumption of certain commodities.
It is the importance or value added to a product or service that helps gives the consumer useful information about all products and services.
Hence, the economic term for the want-satisfying ability, or value, that organizations add to goods or services is utility.
Learn more about utility here : brainly.com/question/24848038
<span>Define what is meant by the phrase "planning materiality threshold".
Planning materiality threshold is defined as the complete materiality level for the financial statements in internal control. The auditor will establish a materiality level that is best based on the situation regarding the nature, extent and timing of the audit procedures. </span>
These characteristics about Lugo indicate her <u>"personality".</u>
Personality alludes to individual contrasts in characteristic patterns of reasoning, feeling and carrying on. The study of personality centers around two expansive territories:
One is understanding individual differences specifically personality qualities, for example, amiability or touchiness.
The other is seeing how the different parts of a man meet up all in all.
The answer is the product’s quality. It is because the overall
quality of the product is the main reason why consumers want to buy the product
because the quality is the characteristic of the product possess and this will
greatly affect the consumers, especially if they like the product’s quality.
Answer:
A. $68,200
Explanation:
Retail Cost
Beginning inventory $60,000
$120,000
Plus: Net purchases. $312,000
$480,000
Goods available for sale $372,000
$600,000
Cost to retail percentage = $372,000 ÷ $600,000 = 62%
Less : Net sales
($490,000)
Estimated ending inventory at retail
$110,000
Estimated ending inventory at cost
62% × $110,000 = $68,200
