Books are a common examples of this.
A commodity is a raw material used inside the production method to manufacture completed goods, whilst a product is a completed appropriate bought to customers. No fee is added to a commodity, which can be grown, extracted, or mined.
A few traditional examples of commodities consist of grains, gold, pork, oil, and natural fuel. These days, the definition has increased to include economic merchandise, consisting of foreign currencies and indexes. Technological advances have also led to new types of commodities being exchanged inside the market.
Learn more about commodities here: brainly.com/question/25745683
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D) A business plan.................
b. demand-based pricing
c. gap-determined pricing
d. fixed-margin pricing
To find Murphy's net income for 2018, we can use the accounting equation and the statement of retained earnings. Since there were no stock transactions, the change in stockholders' equity is due to net income and dividends. By plugging in the given dividend amount of $90,000, we can calculate that Murphy's net income for 2018 was $180,000.
To find Murphy's net income for 2018, we can use the accounting equation and the statement of retained earnings.
The accounting equation is: Assets = Liabilities + Stockholders' Equity.
Since there were no stock transactions in 2018, the change in stockholders' equity is due to net income and dividends. The formula for the change in stockholders' equity is: Change in Equity = Net Income - Dividends.
We know that dividends were $90,000, so we can plug that into the formula and solve for net income: $90,000 = Net Income - $90,000. Solving for Net Income, we find that Murphy's net income for 2018 was $180,000.
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