All categories

2 years ago

When a local walmart is open 7 days a week, 24 hours a day, which form of utility is it providing to customers?

1 answer:

6 0

Answer: TIME UTILITY

When a local Walmart is open 7 days a week, 24 hours a day, it is providing the customers with time utility. Economic utility includes Form utility, Time utility, Place utility and Possession utility. Time utility refers to the availability of products when the customer needs them. In this utility, the company chooses the hours and days when products and services are available to the customers according to the needs of the customers.

You might be interested in

According to the Ending Inventory Report, how would you calculate the cost of Sales? Ending Inventory Report Administrative Sala

algol13

Answer:

A. $575,000 + $125,000 - $560,000

Explanation:

According to the ending inventory report, cost of sales would be calculated as follow;

Cost of sales = Beginning inventory + Purchase - Ending inventory

Cost of sales = $575,000 + $125,000 - $560,000

3 0

2 years ago

Lilly Ann went to the pet store with her mother to buy a gerbil. After choosing her gerbil, she and her mother went to look at c

AnnyKZ [126]

Answer:

The correct answer is letter "E": modular design.

Explanation:

Modular design is a type of approach by which a design is divided into independent components called modules that can be arranged among them creating different systems. The greatest advantage of modular design relies on customization since the modules can be easily upgraded or changed.

5 0

2 years ago

Placker Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours.

riadik2000 [5.3K]

Answer:

Total cost= $3,595

Explanation:

Giving the following information:

Estimated fixed overehad= $155,000

Estimated variable manufacturing overhead= $3.40 per machine-hour

Estimated machine-hours= 50,000

Job A881:

Total machine-hours 100

Direct materials $645

Direct labor cost $2,300

First, we need to calculate the predetermined overhead rate:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= (155,000/50,000) + 3.4

Estimated manufacturing overhead rate= $6.5

Total cost= direct material + direct labor + allocated overhead

Total cost= 645 + 2,300 + (6.5*100)

Total cost= $3,595

5 0

2 years ago

Two drivers, walt and jessie, each drive up to a gas station. before looking at the price, each places an order. walt says, "i'd

koban [17]

In the question above, Walt asks for 10 gallons of gas while Jessie asks for $10 worth of gas. In both the cases, the drivers need gas but Walt is concerned about the quantity of gas and Jessie is concerned about the price of the gas.
In case of Walt, the price elasticity of demand is zero because he want 10 gallons of gas regardless of the price of gas per gallon. While in case of Jessie, the price elasticity of demand is one because he wants to buy gas worth $10, no matter what is the price of the gas per gallon.

8 0

2 years ago

Yogi expects to produce 1 comma 700 units in January and 2 comma 180 units in February . The company budgets 3 pounds per unit o

algol [13]

Answer and Explanation:

The Preparation of Yogi 's direct materials budget for January and February is shown below:-

Direct material budget

Two months ended Jan 31 and Feb 28

January February

Budgeted units to be produced a 1,700 2,180

Direct material pounds per unit b 3 3

Direct materials needed for

production (c = a × b) 5,100 6,540

Add: Desired direct material

in ending inventory (pounds) d 3,060 4,300

(5,100 × 0.6)

Total direct materials needed 8,160 10,840

(e = c + d)

Less: Direct material beginning in

inventory(pounds) f 5,200 3,060

Budgeted purchase of direct

material g = e - f 2,960 7,780

Direct material cost per pound h $15 $15

Budgeted cost of direct material

purchases i = g × h $44,400 $116,700

5 0

2 years ago

When a local walmart is open 7 days a​ week, 24 hours a​ day, which form of utility is it providing to​ customers?

When a local walmart is open 7 days a week, 24 hours a day, which form of utility is it providing to customers?