Answer:
Explanation:
Form utility can be defined as the process of utilizing the raw material for the preparation of finished goods. The manufacturing companies takes a huge effort to assemble all components to develop a product. Place utility reflects how the products are presented in front of customers through using media, advertisement and other marketing strategies.
Answer:
Option (b) $74,100
Explanation:
Data provided in the question:
Sales revenue = $184,000
Ending inventory = $11,600
Beginning inventory = $17,200
Purchases = $60,400
Purchase discounts = $3,000
Purchase returns and allowances = $1,100
Freight-in = $600
Freight-out = $900
Now,
Cost of goods available for sale
= Beginning inventory + Purchases + Freight-in - Purchases discounts - Purchase returns and allowances
= $17,200 + $60,400 + $600 - $3,000 - $1,100
= $74,100
Hence,
Option (b) $74,100
Answer:
The $160,000 will be reported on the December 31, 2016, balance sheet as accounts payable
Explanation:
Account payable: The account payable is the amount in which the purchase of an item on a credit basis is recorded and the payment is to be made at the later date. It has come under the current liabilities on the balance sheet side.
In the given question, the purchase of inventory is made for $160,000 on a credit basis. Along with it, the receipt is also taken from the supplier. So, the same amount i.e $160,000 will be recorded in accounts payable
b. sales.
c. cost of goods sold.
d. merchandise inventory.
Answer:
sales
Explanation:
Answer:
false
Explanation:
False, in a competitive market firms are price takers, production decisions by an individual firm will not affect the market price.
False, An individual firm in a competitive market cannot change the market price by altering its own production level. This is because in a competitive market, firms are price takers and their individual production does not significantly sway the market supply.
The statement 'A firm in a competitive market can change the market price by changing its own production level' is False. In a highly competitive market, individual firms are price takers, meaning they have no control over the market price. Changes in their own production levels do not affect the market price because such changes are relatively small compared to the total market supply. For instance, even if one firm decides to drastically cut production, the market price won't change significantly because there are many other firms in the market capable of filling the supply gap.
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Answer:
loans for a company is when they pull out more money than they have then using it and it has to be repaid
Explanation:
b. the amount for which the note is written plus the interest due to the maturity date.
c. the amount for which the note is written.
d. its realizable value.
Answer: Option C - the amount for which the note is written.
Explanation:
A written promise to pay a specified amount of money on a specific date. Face value of a promissory note is the amount for which the note is written, also known as the
amount borrowed (principal)
The face value of a promissory note is the amount for which the note is written. This amount is the original value that the issuer agrees to pay the payee in the future, excluding any interest or discount.
The face value of a promissory note is the original value or principal amount that is written on the note by the issuer. This is the amount that the issuer agrees to pay the payee at a future date. The face value does not include any interest or discount that may be due at the maturity of the note. Hence, according to your options, the face value of a promissory note is the amount for which the note is written, which is (c).
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