Here are the journal entries to record each of the transactions for Arabian Gulf Corporation in 2021:
Jan. 10: Declaration of cash dividendDebit: Retained Earnings $300,000 ([$1 x 300,000] - dividend declared)
Credit: Dividends Payable $300,000
Mar. 01: Purchase of own common sharesDebit: Treasury Stock $450,000 (30,000 shares x $15)
Credit: Cash $450,000
Mar. 31: Payment of cash dividendDebit: Dividends Payable $300,000
Credit: Cash $300,000
May 01: Sale of treasury sharesDebit: Cash $150,000 (10,000 shares x $15)
Credit: Treasury Stock $150,000
Sep. 30: Declaration of stock dividendDebit: Retained Earnings $480,000 (30% x $16 x 300,000 shares)
Credit: Common Stock Dividend Distributable $480,000
Nov. 01: Distribution of stock dividendsDebit: Common Stock Dividend Distributable $480,000
Credit: Common Stock (par value) $300,000
Credit: Paid-in Capital in Excess of Par Value, Common Stock $180,000
Nov. 15: Implementation of stock splitDebit: Common Stock $1,500,000 (300,000 shares x 5)
Credit: Common Stock (par value) $300,000
Credit: Paid-in Capital in Excess of Par Value, Common Stock $1,200,000
Note: The journal entries assume that the company has sufficient balances in the respective accounts for each transaction.
Learn more about Journal entry here :
brainly.com/question/14279491
#SPJ11
What are two things a good investment might do?
Answer: With a good investment there should be very little chance of losing the total amount invested. Good investment ideas will hold their value or increase in value for a long time. The way any investment product is structured and regulated should offer investors protection.
Explanation:
Good investment must contain
Long term planPast records The fund where you invest must have good past records of benifit.If it has Andy fraud records of misleading money you shouldn't invest thereAlso the growth rate must be measured for long term interest and benifitsFrance is a mixed economy. During recent years there have been a number of changes in its labour market. More workers are employed in the tertiary sector and fewer workers in the primary sector. Average working hours have increased and public sector workers have received wage rises . discuss the extent to which the increased employment and wage rises will affect the demand for apple phones in a country like france
Answer:
Apple phones are more high end than their counterparts due to various factors with the most important being the brand awareness that Apple possesses.
This means that people would have to spend more of their income of Apple phones than others and they can only do this if they have more disposable income accruing more a higher salary.
In a country like France therefore that has seen wages rise, more people will be able to afford the cost of Apple phones and so the demand will increase. With increased employment as well, people will be able to have access to a stable source of income. This is will also enable them to afford Apple phones thereby increasing the demand for Apple phones as well.
The amount of a good or service that consumers are willing to buy at a particular price is defined as.
The amount of a good or service that consumers are willing to buy at a particular price is defined as demand.
The economic concept of demand describes the consumer's desire to purchase a good or service. The price that consumers are willing to pay for the good or service is used to determine demand. Demand should increase as prices decrease and decrease as prices rise if all other variables remain constant.
This straightforward idea maintains market stability. To comprehend the demand for products and services, market and aggregate demand are used. The demand for a specific commodity or service might vary depending on a number of factors. Without supply, the concept of demand is insufficient.
To learn more about Demand visit: https://brainly.com/question/10489478
#SPJ4
complete the sentences about english with your own ideas then compare your sentences пж мне нужно пускай не будет похожей на других
Answer:
its 4
Explanation:
..
a bank quotes an interest of 12% per annum with quarterly compounding. what is the equivalent rate with (a) continuous compounding (b) annual compounding?
continuous compounding is 6.354% and annual compounding is 12.55% at interest rate of 12%.
given data:
interest rate = 12%
investor received = $1,100
time period = 18 months
invested amount = $1,000
a) continuous compounding
PVe^Rn = FV
1000*e^R*1.5 = 1100
e^(r*1.5) = 1.1
R*1.5 = ln(1.1)
r = 6.354%
b) Annual compounding:
(1+r) = (1+0.12/4)^4-1
R = 12.55%
In addition to the principal, a lender will charge a borrower interest as compensation for using their assets. A deposit account's earnings from money are also subject to interest rates at banks and credit unions. Simple interest is typically used in mortgages. Compound interest, on the other hand, is used in some loans and is applied both to the principle and to the interest accrued over time. A lender will charge a lower interest rate for a borrower they deem to be low risk. The interest rate on a loan with a high perceived risk will be greater. The interest rate on savings accounts and certificates of deposit that is earned at a bank or credit union is known as the annual percentage yield, or APY. Compound interest is utilised by savings accounts and CDs.
the complete question is:
A bank quotes you an interest rate of 12% per annum with quarterly compounding. What is the equivalent rate with annual compounding? An investor receives $1,100 in 18 months in return for an investment of $1,000 now. Calculate the percentage return per annum with continuous compounding.
learn more about interest rate here
https://brainly.com/question/29482943
#SPJ4
No hand written answers please.
A firm sells shirts to only two groups of buyers, group A and group B
The shirts demand equation for group A is: QA = 15 - PA.
The shirts demand equation for group B is: QB = 22 – 2PB.
The firm's cost function is C = 9Q, where Q is total quantity of shirts sold (QA + QB).
The firm must sell an integer quantity of shirts to each group of buyers. Calculate profit-maximizing values for the following if the firm employs 3rd degree price discrimination. (You must clearly label each answer and show your calculations to receive any credit.)
a) Price per shirt for buyers in group A
b) Price per shirt for buyers in group B
c) Total quantity of shirts produced by the firm
d) Total profits of the firm
Answers:
a) The price per shirt for buyers in Group A is $8.
b) The price per shirt for buyers in Group B is $4.
c) The total quantity of shirts produced by the firm is 14.
d) The total profit of the firm is $54.
The firm sells shirts to two groups of buyers; Group A and Group B.
The demand equation for Group A is QA = 15 - PA, and
the demand equation for Group B is QB = 22 – 2PB.
The cost function for the firm is C = 9Q, where Q is the total quantity of shirts sold (QA + QB).
The firm is required to sell an integer quantity of shirts to each group of buyers.
It is important to calculate profit-maximizing values if the firm employs 3rd degree price discrimination.
The formula for the profit-maximizing condition for price discrimination is:
MC(1) = MC(2) = MR, where
MC(1) is the marginal cost for group 1,
MC(2) is the marginal cost for group 2, and
MR is the marginal revenue.
The marginal cost is equal to the derivative of the total cost function.
Since C = 9Q,
then MC = 9.
The marginal revenue is equal to the derivative of the revenue function.
For Group A, the revenue function is RA = PA * QA.
So, MR(A) = 15 - 2QA.
Similarly, for Group B, the revenue function is RB = PB * QB.
So, MR(B) = 22 - 4PB.
We can now calculate the profit-maximizing prices and quantity of shirts produced by the firm:
a) The price per shirt for buyers in Group A is $8.
b) The price per shirt for buyers in Group B is $4.
c) The total quantity of shirts produced by the firm is 14.
d) The total profit of the firm is $54.
To know more about demand equation visit:
https://brainly.com/question/31384304
#SPJ11
Because the scope of a business message for an expert is more detailed than that for layperson, what can business writers use when writing for an expert that they can't use for a layperson
When writing for an expert, business writers can use jargon that a layperson cannot.
When writing for an expert, business writers can use industry-specific jargon, technical terms, and acronyms that are commonly understood within the field. These specialized terms can communicate complex ideas and concepts more efficiently and precisely than layperson language, which may be too simplistic or general.
Using jargon can demonstrate to the expert reader that the writer understands the subject matter and can convey information effectively.
Business writers are experts in their field and are knowledgeable about specialised concepts. A layperson, on the other hand, is someone who isn't highly specialised and doesn't know much about a specific subject. As a result, business writers cannot use jargon when writing for the general public. Because jargon is a type of word that is frequently used by experts but is not fully understood by others.
learn more about jargon here:
https://brainly.com/question/14201988
#SPJ4
the complete question is:
Because the scope of a business message for an expert differs from that for a layperson, what can business writers use when writing for an expert that they cannot use when writing for a layperson?
A. graphics B. slang terms
C. colloquial language D. jargon E. examples
If the sides of a square are increased by 20%, by what percentage does the area of the square increase:A. 46% B.44% C. 43% D.45%
A square's area increases by 44% when its sides are raised by 20%.
What is square's area?Area is expressed in terms of square units, such as 5 square centimetres, or 5 cm2. The two denotes a square. Consider 2 to mean length x breadth to make it simple to memorise this symbol (2 dimensions squared). A rectangle has four sides, four right angles, and four corners. Measure the length and width of each room in feet. After that, multiplying the length by the breadth will yield the room's square footage.A bedroom, for instance, is 240 square feet in size (12 x 20 = 240) if it is 12 feet by 20 feet. You can also use square feet when labelling an area (sq. ft.). Use the dimensions for length and width rather than side length to calculate the area of a rectangle.Therefore, the correct option is b) 44%
To learn more about square's area, refer to:
https://brainly.com/question/27862894
#SPJ4
20 POINTS! PLEASE HELP
The price level of the basket of goods in 2008, with gasoline consumption returned to its 2006 level of 30 gallons, would be $164.3, calculated by adjusting the gasoline price and recalculating the total cost of the basket.
To calculate the price level of the basket of goods in 2008, with the quantity of gasoline returned to its 2006 level of 30 gallons, we need to first calculate the total cost of the basket of goods for each year using the respective prices
Total cost of the basket of goods in 2006 = (3 x $10.25) + (30 x $3.50) + (5 x $4.25) + (200 x $0.11) + (12 x $1.75) = $173.75
Total cost of the basket of goods in 2007 = (3 x $10.30) + (30 x $3.85) + (5 x $4.25) + (200 x $0.11) + (12 x $1.80) = $187.95
Total cost of the basket of goods in 2008 = (3 x $11.25) + (30 x $3.30) + (5 x $4.50) + (200 x $0.10) + (12 x $1.75) = $167.25
Next, we need to adjust the price of gasoline in 2008 to reflect the same quantity consumed as in 2006 (30 gallons). To do so, we use the formula
Adjusted price of gasoline in 2008 = (Quantity of gasoline in 2006 / Quantity of gasoline in 2008) x Price of gasoline in 2008
Adjusted price of gasoline in 2008 = (30 / 30) x $3.30 = $3.30
Finally, we recalculate the total cost of the basket of goods in 2008 with the adjusted gasoline price
Total cost of the basket of goods in 2008 with adjusted gasoline price = (3 x $11.25) + (30 x $3.30) + (5 x $4.50) + (200 x $0.10) + (12 x $1.75) = $164.25
Therefore, the price level of the basket of goods would be $164.3.
To know more about price level:
https://brainly.com/question/13139803
#SPJ1
A store that carries only clothing, accessories, and equipment for skateboarders is:
A. Specialty store
B. Department store
C. Mom-and-pop store
D. Off-price retailer
E. Factory outlet
A store that carries only clothing, accessories, and equipment for skateboarders may be termed a Speciality Store. This means that the store only sells clothing, accessories, and equipment exclusively for skateboarders.
Specialty stores focus on catering to specific customer segments or niche markets by offering a specialized range of products. In this case, the store specializes in serving the needs of skateboarders by providing a dedicated selection of clothing, accessories, and equipment tailored to their preferences and interests.
Specialty stores differentiate themselves from department stores, which typically carry a broader range of products across multiple categories. Mom-and-pop stores refer to small, independently owned businesses often run by family members. Off-price retailers offer discounted merchandise from various brands. Factory outlets specialize in selling products directly from the manufacturer, often at discounted prices. However, in the given context, a store that exclusively caters to skateboarders falls under the category of a specialty store due to its focused product offering and target customer base.
Learn more about department stores at:
https://brainly.com/question/30431908
#SPJ11
The main outputs of which process are a quality management plan, quality metrics, project management plan updates, and project documents updates?
Answer:
Process asset updates.
Explanation:
Quality assurance assessments, validated modifications, authenticated deliverables, performance at work indicators, configuration management, project management plan modifications, project document security patches, and organisational process asset updates are the key outputs of quality assurance.
How is the focus group discussion (FGD) used as a method of generating ideas?
Answer:
The strength of FGD relies on allowing the participants to agree or disagree with each other so that it provides an insight into how a group thinks about an issue, about the range of opinion and ideas, and the inconsistencies and variation that exists in a particular community in terms of beliefs and their experiences ...
Explanation:
What is market economy?
Answer: an economic system in which production and prices are determined by unrestricted competition between privately owned businesses.
Answer:
an economic system in which production and prices are determined by unrestricted competition between privately owned businesses.
Explanation:
A 25-year maturity bond with face value of $1,000 makes annual coupon payments and has a coupon rate of 8.4%. (Do not round intermediate calculations. Enter your answers as a percent rounded to 3 decimal places.)
a. What is the bond’s yield to maturity if the bond is selling for $940?
b. What is the bond’s yield to maturity if the bond is selling for $1,000?
c. What is the bond’s yield to maturity if the bond is selling for $1,140?
The face value is $1,000, and the number of periods is also 25. Solving for the yield to maturity, we get a rate of 9.326%.
a. To calculate the bond's yield to maturity when selling for $940, we need to use the present value formula and solve for the yield rate. The present value of the bond is the sum of the present value of the future coupon payments and the present value of the face value. Using a financial calculator or Excel, we can find that the present value of the bond is $940. The coupon payment is $84 ($1,000 x 8.4%), and the number of periods is 25. The face value is $1,000, and the number of periods is also 25. Solving for the yield to maturity, we get a rate of 9.326% (rounded to 3 decimal places).
b. When the bond is selling for its face value of $1,000, the yield to maturity is the same as the coupon rate of 8.4%. This is because the bond's price is equal to its face value, and the coupon rate equals the yield to maturity.
c. To calculate the yield to maturity when the bond is selling for $1,140, we can use the same present value formula and solve for the yield rate. The present value of the bond is now $1,140. The coupon payment and face value are still the same as in part a. Solving for the yield to maturity, we get a rate of 7.276% (rounded to 3 decimal places). This is a lower yield rate because the bond is selling at a premium, which means that the coupon rate is higher than the market rate.
Learn more about face value here
https://brainly.com/question/27979865
#SPJ11
What type of federal funding is free money, but is based
on financial need only?
A.Federal grants
B.All federal scholarships
C.The 529 Plan
D.None of these are correct
Answer:
Try A. Federal Pell Grant
Answer:
answer : b
Explanation:
cauise
The master budget includes:a. Only operating budgets and financial budgets.b. Only a capital expenditures budget and a cash budget.c. Only a budgeted income statement and a budgeted balance sheet.d. Only a cash budget and operating budgets.d. Operating budgets, a capital expenditure budget, and financial budgets.
The master budget includes operating budgets, a capital expenditure budget, and financial budgets. The correct answer is d. operating budgets, a capital expenditure budget, and financial budgets.
Operating budgets include budgets for sales, production, labor, and overhead costs. The capital expenditure budget outlines the company's planned investments in long-term assets such as property, plant, and equipment. Financial budgets include a cash budget, budgeted income statement, and budgeted balance sheet. The cash budget shows the expected cash inflows and outflows for the period, while the budgeted income statement and balance sheet provide an overview of the company's expected financial performance and position.
The master budget is a comprehensive financial plan that sets out the company's goals, strategies, and resource allocation for a specific period, usually a fiscal year. It serves as a roadmap for the company's operations and provides a basis for monitoring and controlling performance against expectations. The correct answer is d. operating budgets, a capital expenditure budget, and financial budgets.
For more about budget:
https://brainly.com/question/15683430
#SPJ11
A mismatch between foreign currency denominated net assets and net liabilities Multiple Choice can be eliminated by constructing a balance sheet hedge. can be eliminated by multiplying the foreign currency value of the asset by the spot exchange rate. can be eliminated by undertaking accounting changes to eliminate translation exposure. none of the options
Answer:
can be eliminated by constructing a balance sheet hedge.
Explanation:
The mismatch could be occurred at the time when the foreign currency and net liabilities would be removed by preparing a hedge of the balance sheet
So according to the given options, the first option is correct as it represent the mismatch situation
So the rest of the options would be considered wrong as they are not related with the mismatch criteria
1.05 the market place economic
A market economy serves as an economic system in which economic activities is been controlled by individuals.
What is market economy?market economy serves as the economy that that gives country's individual citizens and businesses to be able to make decisions .
This decision could be pricing of goods and services which are been controlled by the interactions of a country's individual citizens.
COMPLETE QUESTION:
Explain market place economy
Learn more about market economy at:
https://brainly.com/question/11471834
#SPJ1
One definition of ____ is borrowing money to make a large purchase with the
assumption that you will pay it back later.
A. credit
B. capital gain
C. investment
D. debit
Credit is borrowing money to make a large purchase with the assumption that you will pay it back later Option(a) is correct.
What does Credit means?
Credit is the trust which permits one party to give cash or assets to another party wherein the subsequent party doesn't repay the main party right away.
Credit cards turned out to be generally conspicuous during the 1900s. Bigger organizations started making chains with different organizations and utilized a credit card as a method for making installments to any of these organizations.
The organizations charged the cardholder a specific yearly expense and picked their charging techniques while each taking an interest organization was charged a level of all out billings.
Bank-gave credit makes up the biggest extent of credit in presence. The customary perspective on banks as middle people among savers and borrowers is erroneous.
Therefore Option(a) is correct.
Learn more about Credit here:
brainly.com/question/1475993
#SPJ2
Employers are required by law to report a worker’s injury to the insurance company within 10 days of when the accident or injury was first reported.
Since the Employers are required by law to report a worker’s injury to the insurance company within 10 days of when the accident or injury was first reported but but no more than seven (7) days after there is the knowledge.
When should my employer notify their insurance provider about the damage?As soon as your employer learns of the injury, but no later than seven (7) days later, they must report it. After getting notice from your employer, the insurance company has three (3) days to send you an informational booklet.
Note that in Texas, within 30 days of the date you were wounded or the day you became aware that your injury or sickness was work-related, you must notify your employer about the incident. You might not be eligible for benefits if you don't notify your employer about your injuries within 30 days.
Learn more about accident from
https://brainly.com/question/28277928
#SPJ1
See full question below
Employers are required by law to report a worker’s injury to the insurance company within 10 days of when the accident or injury was first reported.
When should my employer report the injury to their insurance company?
Explain how herbs are used in treating any
5 diseases
Answer:
An herb is a plant or plant part used for its scent, flavor, or therapeutic properties. Herbal medicines are one type of dietary supplement. They are sold as tablets, capsules, powders, teas, extracts, and fresh or dried plants. People use herbal medicines to try to maintain or improve their health.
Explanation:
Hope it helps u
FOLLOW MY ACCOUNT PLS PLS
Which of the following survey methods has the potential to offer quick response at a lower cost than traditional mail and telephone surveys?
a) Total population surveys
b) In-home (door-to-door) interviews
c) Focus-group interviews
d) Personal interview surveys
e) Online surveys
The survey method that has the potential to offer quick response at a lower cost than traditional mail and telephone surveys is e) Online surveys.
With the advent of technology, online surveys have become increasingly popular among researchers and businesses as they are convenient and cost-effective. Online surveys can be sent to a large number of people quickly, and the results can be collected and analyzed automatically, which can save time and money.
Additionally, online surveys allow respondents to complete the survey at their own pace and from any location, which can increase the response rate.
Learn more about surveys here:
https://brainly.com/question/30504929
#SPJ11
pleace text me back on her if you subscribe
100 points given
Answer:
Im so so sorry but I dont know how to do this
Explanation:
GOVERNOR REAGAN: Mr. Ellis, I think this idea that
has been spawned here in our country, that inflation
somehow came upon us like a plague and therefore it's
uncontrollable and no one can do anything about it, is
entirely spurious, and it's dangerous to say this to the
people. When Mr. Carter became President, inflation was
4.8 percent, as you said. It had been cut in two by
President Gerald Ford. It is now running at 12.7 percent.
President Carter also has spoken of the new jobs created.
.. But that can't hide the fact that there are 8 million men
and women out of work in America today, and 2 million
of those lost their jobs in just the last few months. Mr.
Carter had also promised that he would not use
unemployment as a tool to fight against inflation. And
yet, his 1980 economic message stated that we would
reduce productivity and gross national product and
increase unemployment in order to get a handle on
inflation, because in January, at the beginning of the
Intro]
Which claim of President Carter's does Reagan refute
in this excerpt?
President Carter's policies have led to an improved
economy.
O Rising oil prices worldwide can negatively affect
inflation rates in the United States.
Inflation rates have risen too high and are hurting
the American consumer.
There are policies that can be enacted by the
president to curb rising inflation.
Done
The claim of President Carter's that Reagan refute in this excerpt is D. There are policies that can be enacted by the president to curb rising inflation.
What is a claim?It should be noted that a claim simply means the stance of an author or individual regarding a literary work.
Here, the man idea in the excerpt is simply about inflation and how it can be curbed.
Learn more about claim on:
brainly.com/question/2748145
#SPJ1
Answer: A.) Carter fails to provide evidence for how his new policies will decrease inflation.
Select a product, either a good or service, that you consider to be in the decline phase of the Product Life Cycle. Discuss some of the options the company has for dealing with this product. What do you think is the best option, and why do you think so?
Answer:The product example in the declining phase is the Sony VCRs
Explanation:Decline phase is reached when sales and profits of a product fall.it is therefore characterised by rate of change to consumers tastes and rate by which new prosucts reach the market.
Company can deal with the product at a declining phase in the following ways:
1.The company can aid by reducing the promotional expenditure
2.The company can opt to reducing the number of distribution outlet that deal with sales of the products
3.The company can concentrate on the price cuts so that they can obtain customers who van purchase their products
4.The company can look upon the alternative use of the product.
Best option is maintaining the product , in a way rejuvenating it so that we ad features to it so that we can find its alternative use.
Suppose that Defenestration decides to pay a dividend of only $2 per share this year and use the remaining $2 per share to repurchase stock. If Defenestration maintains this dividend and total payout rate, then the rate at which Defenestration's dividends and earnings per share are expected to grow is closest to what?
Answer:
Missing word "Defenestration Industries plans to pay a $4.00 dividend this year and you expect that the firm's earnings are on track to grow at 5% per year for the foreseeable future. Defenestration's equity cost of capital is 13%."
P0 = dividend payout per share/ (k-g)
Where g is firms earning growth = 5% or 0.05
And k is the cost of capital = 13% or 0.13
Therefore P0 = $4 / (0.13 -0.05) = $50
But if the payout is $2 per share and $2 per share is used to repurchase stock then to get the price of the stock in one year given the current price of $50.00, dividend at $2 and the 13% cost of capital we get
$50 = $2 + X / (1.13)
Therefore x = $54.5
At a current price of $50, we can expect that Defenestration Industries stock to sell for $54.50 immediately after the firm pays the dividend in one year
Therefore the growth is (54.5 -50)/50 = 9%
What is the marginal revenue and marginal cost for this diagram?
What type of market is this? Explain your answer
Marginal revenue :
2060120200300420560Marginal cost :
108210192640It is a Monopolistic market structure because marginal revenue is greater than the marginal cost.
Marginal Revenue is the increase in the revenue by selling one extra product in the market. It is calculated by the Change in revenue divided by the change in output.
Marginal cost is the change in cost by producing one extra unit of output. It is calculated by a change in cost divided by the change in units.
Monopolistic market structure is where there are multiple companies producing similar products in the market.Example for monopolistic structure can be a grocery store.
For more about Marginal revenue refer to the link:https://brainly.com/question/12231343
Early on in an amortized loan the interest portion of each payment is typically ______ than the principle portion. Towards the end of the loan term the interest portion of each payment is typically ______ than the principle portion. This is because the principle remaining _______ over the life of the loan. A) less / greater / increases B) greater / less / increases C) greater / less / decreases D) less / greater / decreases
Answer:
C
Explanation:
An amortized loan is a form of loan which the principle together with the accrued interest component is gradually written off over an agreed period of time at a specified rate.An equal amount is regularly paid over the extended period.
The interest component of an amortized loan is firstly settled before considering the principle amount , which makes the interest component to be higher that the principle at the initial stages. This process leads to a reduction in the volume of the principle balance with time . Moreover , as the principle reduces with time , the interest expenses also reduces , and it eventually gets to a point where the principle component of repayment becomes greater.
Which type of interest does not change over the life of a loan?
Principal interest
Fixed interest
Variable interest
Annual percentage rate
Answer:
Fixed interest
Explanation:
A fixed-rate mortgage charges a set rate of interest that does not change throughout the life of the loan. You'll know exactly how much each monthly payment will be, as well as how much it will cost you overall to pay off the loan based on that rate.
sugar-n-spice has been your brainchild, your life's blood. over the years, it has provided you not only with a creative outlet, but also economic results: profits, wages for your employees, and income for your suppliers who provide your company with fabric, trim, equipment, and so on. what type of economic utility does sugar-n-spice provide to its customers?
Form utility sugar-n-spice provide to its customers.
Utility is used to model well worth or price. Its utilization has advanced appreciably over time. The term became introduced first of all as a measure of pleasure or happiness as a part of the theory of utilitarianism with the aid of ethical philosophers consisting of Jeremy Bentham and John Stuart Mill.
Utility, in economics, refers to the usefulness or leisure a client can get from a carrier or precise. despite the fact that the concept of software is abstract, it is a useful manner to provide an explanation for how and why purchasers make their decisions. "Ordinal" software refers back to the concept of 1 true being extra useful or acceptable than some other.
Utility is a full-size idea in economics as it helps explain many aspects of deliver, demand, and pricing. gadgets that provide more cost have a tendency to have a larger market due to the fact they provide extra pleasure to customers. better degrees of call for normally lead, in flip, to better prices.
Learn more about utility here : https://brainly.com/question/24922430
#SPJ4