Partners Cantor and Dickens have capital balances in a partnership of $153000 and $241000, respectively. They agree to share profits and losses as follows: Cantor Dickens As salaries $39100 $49000 As interest on capital at the beginning of the year 10% 10% Remaining profits or losses 50% 50% If net loss for the year was $8100, what will be the allocation to Dickens
Answers
Answer: $69,050
Explanation:
Net loss would imply that the salaries and interest on capital have already been deducted from income thus leaving the partners with a net loss.
Dicken's allocation would be:
= Salary + Interest on capital + share of profit
= 49,000 + (10% * 241,000) + (50% * -8,100)
= 49,000 + 24,100 - 4,050
= $69,050
Related Questions
Which of these is an example of a monopoly? Utility companies Soda companies Airlines Computer companies
Answers
Utilities firms are one example of a monopoly among the possibilities given. When they are the exclusive provider of these necessary services in a certain region, utility firms, such as those that provide electricity, water, or natural gas, frequently act as Monopoly. As a result, customers are virtually forced to adopt the services offered by the local utility company since they have no other alternatives.
The Landlord's Game, which was developed by Lizzie Magie in the United States in 1903 to advance Henry George's economic theories, particularly his views on taxation, and to show that an economy that rewards Utilities individuals is preferable to one in which monopolies hold all the wealth, is the source of Monopoly.
The Landlord's Game originally featured two sets of rules, one that included taxes and another that serves as the foundation for the present regulations.
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Should a firm engage in trasnfer pricing and transfer prices that avoid taxes
Answers
Answer:
No. The practice of transfer pricing to avoid taxes is illegal and could result in significant fines and penalties. The firm should ensure that all transfer prices are consistent with average market rates for the industry and are compatible with the arm's length principle.
Explanation:
Cruz Company uses LIFO for inventory costing and reports the following financial data. It also recomputed inventory and cost of goods sold using FIFO for comparison purposes.
Year 2 Year 1
LIFO inventory $260 $210
LIFO cost of goods sold 840 780
FIFO inventory 330 235
FIFO cost of goods sold 795 780
Current assets (using LIFO) 320 290
Current assets (using FIFO) 390 315
Current liabilities 185 165
Required:
Compute its current ratio, inventory turnover, and days' sales in inventory for Year 2 using (a) LIFO numbers and (b) FIFO numbers.
Answers
The computations of Cruz Company's current ratio, inventory turnover, and days' sales in inventory for Year 2, are as follows, using:
(a) LIFO numbers (b) FIFO numbers
1. Current ratio = 1.73 2.11
2. Inventory turnover = 3.57x 2.81x
3. Days' sales in inventory = 102.1 days 129.7 days
What are the current ratio, inventory turnover, and days' sales in inventory?The current ratio is computed by dividing the current assets by the current liabilities.
The inventory turnover ratio is the cost of goods sold divided by the average inventory.
The days' sales in inventory is the average inventory divided by the cost of goods sold and multiplied by 365 days.
Data and Calculations:Year 2 Year 1
LIFO inventory $260 $210
Average LIFO inventory for Year 2 = $235 ($260 + $210)/2
LIFO cost of goods sold 840 780
FIFO inventory 330 235
Average FIFO inventory for Year 2 = $282.5 ($330 + $235)/2
FIFO cost of goods sold 795 780
Current assets (using LIFO) 320 290
Current assets (using FIFO) 390 315
Current liabilities 185 165
The actual computations of Cruz Company's current ratio, inventory turnover, and days' sales in inventory for Year 2, are as follows, using:
(a) LIFO numbers (b) FIFO numbers
1. Current ratio = Current Assets/Current Liabilities
= 1.73 ($320/$185) 2.11 ($390/$185)
2. Inventory turnover = Cost of goods sold / Average Inventory
= 3.57x ($840/$235) 2.81x ($795/$282.5)
3. Days' sales in inventory = Average Inventory/Cost of goods sold x 365
= 102.1 days ($235/$840 x 365) 129.7 days ($282.5/$795 x 365)
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What are REITs? please help
Answers
Answer: REITs, or real estate investment trusts, are companies that own or finance income-producing real estate across a range of property sectors. These real estate companies have to meet a number of requirements to qualify as REITs. Most REITs trade on major stock exchanges, and they offer a number of benefits to investors.
Explanation: Real Estate Investment Trust
Company
A real estate investment trust (REIT) is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of commercial real estate, ranging from office and apartment buildings to warehouses, hospitals, shopping centers, hotels and commercial forests. Some REITs engage in financing real estate.
12 j j of heat are removed from a gas sample while it is being compressed by a piston that does 30 j j of work.
Answers
change in internal energy of the gas sample. You would need to know the beginning and end temperatures, pressures, and volumes of the gas sample to calculate the change in internal energy.
The first law of thermodynamics says that the change in internal energy of a system is equal to the heat contributed to the system minus the work done by the system. ΔU = Q - W Where U represents the change in internal energy, Q represents the heat contributed to the system, and W represents the work done by the system. According to the information provided, the heat added to the system is -12 J and the system's work is 30 J, the change in internal energy would be: ΔU = -12 J - 30 J = -42 J This suggests that the gas sample's internal energy reduced by 42 J.
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why should professional take training?
Answers
Answer:
With freedom comes responsibility.
Explanation:
Professionals or even employees who go to training will have to go through that process because it's essential in the workplace for people to have a sense of responsibility and accomplishment working towards their future goals and careers.
For example, IF doctors, nurses, anyone who works at the hospital never went through professional training, then would you be more open in allowing them to operate on you? Most likely no. Without professional training or going through that process, employers won't know who or what type of person to look for and to hire for the job.
You have the freedom to choose what job you want and work hard for it but they would also have the freedom to choose who is able to have that job and what type of person they want in their workspace.
The Trade Shortage is the total value of a country’s exports less the total value of its imports
Answers
An economy is impacted by a trade imbalance when a country imports more goods than it exports. The trade deficit is calculated by deducting the value of imported products from the value of exporting goods.
What is the export value of a country less its import value?The gap between a country's imports and exports during a given time period is known as the balance of trade (BOT).
What happens when imports outpace exports?When imports exceed exports, the net exports figure is negative. This indicates that there may be a trade deficit in the nation. A trade surplus supports a nation's economic expansion.
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If during the signing appointment the borrower divulges that the property being financed is an investment property, while the loan papers indicate it is for a primary residence, the Notary Signing Agent should:
Answers
Answer:
contact the lender's representative immediately before signing the documents.
Explanation:
The above is an example of Actual or Potential misrepresentation which falls under Code of Conduct 5.10. Once a notary signing agent notices that during the signing appointment, the information provided by the borrower differs from what is on the loan document, he should immediately report such false misrepresentation (potential or actual misrepresentation or falsehood known) witnessed by the NSA in connection with a transaction to the representative of the NSA.
By contacting the lender's representative, the purpose for obtaining the loan will be confirmed whether the property being financed is an investment property or for a primary residency otherwise the notary signing agent will be held responsible for any infraction if his signature is appended because he is expected to verify the authenticity of the information provided.
What is the difference between a horizontal merger and a vertical merger? A horizontal merger is a merger A. between firms of different sizes, while a vertical merger is a merger between firms of the same size. B. that would increase efficiency, while a vertical merger is a merger that would decrease efficiency. C. between firms in the same industry, while a vertical merger is a merger between firms at different stages of the production of a good. D. between firms that have market power, while a vertical merger is a merger between firms that are price takers. E. between firms in different industries, while a vertical merger is a merger between firms in the same industry. Which type of merger is more likely to increase the market power of a newly merged firm? __________ mergers are more likely to increase market power.
Answers
Answer:
A) A horizontal merger is a merger between firms in the same industry while a vertical merger is a merger between firms at different stages of production of a good.
B) Horizontal mergers are more likely to increase the market power of the newly merged firm.
Explanation:
A) A horizontal merger is a type of merger which takes place between businesses that sell the same type of product. It can also be described as the coming together of two or more companies that manufacture similar products, this is done to reduce the amount of competition in the market, share different types of skills that can boost the amount of profit incurred, increase the rate of expansion.
A vertical merger is a merger that exists between two of more organisations that manufacture products which are not alike in any way. The main objective of this merger is to lower the cost of production.
B) Horizontal mergers have the tendency to increase the market power by causing a decline in the amount of companies that are competing for the same product in the market.
As a leader, which of the following will NOT effectively influence the growth and performance of your direct reports?
Answers
Lack of managerial trust is the main barrier to the development of effective organisations.
What impact do leaders have on a company's performance?Leaders may support the success of their teams and the upholding of corporate values by offering chances for learning and development, goal-setting, and recognition. Employees can reach new heights with the aid of frequent one-on-one sessions and two-way feedback. Regular, transparent communication about their job increases the trust that employees have in their leader.
What factors have an impact on a company's performance?How successfully the organisation performs is influenced by a variety of factors, including human resource planning, recruiting procedures, employee training, and career management. Technology, organisational norms, material purchases, and inflation are other factors that have indirect effects on organisational effectiveness.
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As a leader, which of the following will NOT effectively influence the growth and performance of your direct reports?
a- organisational intelligence
b- team promotion
c- trust building
d- Lack of managerial trust
Given the information below, calculate the net cash provided from operating activities for Baskin Peter Pty. Ltd.
Receipts from customers $279,247
Payments for property, plant & equipment $42,310
Interest paid $4,231
Proceeds from issue shares $25,836
Payments to supplier and employees $220,013
Repayment of borrowings $53,331
GST paid $16,924
Payments for motor vehicle $37,985
Interest received $6,770
Select one:
$61,773
$44,849
$55,345
$49,080
Answers
The cash inflows from operating activities are:
Receipts from customers: $279,247
Interest received: $6,770
Total cash inflows from operating activities: $286,017
The cash outflows from operating activities are:
Payments to suppliers and employees: $220,013
GST paid: $16,924
Total cash outflows from operating activities: $236,937
Therefore, the net cash provided from operating activities is:
Net cash provided from operating activities = Cash inflows from operating activities - Cash outflows from operating activities
Net cash provided from operating activities = $286,017 - $236,937
Net cash provided from operating activities = $49,080
Therefore, the net cash provided from operating activities for Baskin Peter Pty. Ltd. is $49,080.
So the answer is D) $49,080.
List a minimum of four reasons why you might be rejected for a job offer.
Answers
Answer:
1. You don't have enough experience for the job.
2.There was a better candidate for the job.
3.You didn't take an interview seriously.
4.Your not professional enough.
5.You might have a criminal record and this job you are applying for doesn't want someone with a bad record.
6.You don't have any recommendations.
7.Your previously bosses say that you aren't a good employee.
8.You aren't punctual. (on time)
You misidentified the post for which you applied. You made a horrible first impression. You lack the necessary experience for the position. A better applicant was available for the position.
What are the methods of accepting and rejecting Job offers ? You weren't serious about the interview. You lack professionalism. This job you are seeking for might not want someone with a criminal record since you might have one. You lack any recommendationsAccept the job:
There are many different ways to accept a job, and frequently, people do so because they are attracted to the conditions that the employer is offering, such as the pay or the work schedule.
The ideal technique to accept it is in person, outlining what you anticipate from the business and expressing gratitude for the chance.to cooperate with them
Reject the position:
A lot of people turn down jobs due to unstable economic conditions, negative company references, demanding schedules, or a counteroffer from another employer.
The ideal method to turn down a job is to send an email explaining why you can't do it without getting into too much detail, without using many words, or in a stilted, official manner.
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Braxwell Corporation acquired the following assets associated with a manufacturing facility for a lump-sum price of $9,400,000. According to independent appraisals, the fair values were $1,100,000, $2,200,000, $3,300,000, and $4,400,000 for the building, patent, land, and equipment, respectively. The initial value of the patent would be:
Answers
Answer:
purchase cost of patent = $1,880,000
Explanation:
total independent values = $1,100,000 + $2,200,000 + $3,300,000 + $4,400,000 = $11,000,000
we must allocate the purcahse cost proportionally:
purchase cost of building = $1,100,000/$11,000,000 x $9,400,000 = $940,000
purchase cost of patent = $2,200,000/$11,000,000 x $9,400,000 = $1,880,000
purchase cost of land = $3,300,000/$11,000,000 x $9,400,000 = $2,820,000
purchase cost of equipment = $4,400,000/$11,000,000 x $9,400,000 = $3,760,000
a firm has total interest charges of $10,000 per year, sales of $1 million, a tax rate of 40 percent, and a net profit margin of 6 percent. What is the firm's times interest earned ratio
Answers
Answer:
10400
Explanation:
The firm's times interest earned ratio is 10.
What is interest?
Someone borrows money during a hard time, they are paying additional amount, which is an interest. In monetary terms, interest is a yearly percentage of the loan amount. Different categories, including simple interest, compound interest, and annual interest, are used to categorize the loan.
The given amount is:
Interest charge = $10,000Sales = $1,000,000Tax rate = 40%Net profit margin = 6%firm's net income:
Net income = sales × net profit margin.
Net income = $1,000,000 × 6%
Net income = $60, 000
earnings before interest and taxes (EBIT)
EBIT = \(\frac{Net income}{1 - tax rate}\)
EBIT = \(\frac{60,000}{1 - 40}\)% (1 - 40%)
EBIT = 1000, 000
The firm's times-interest-earned ratio (TIE):
TIE = \(\frac{EBIT}{Interest charge}\)
TIE = \(\frac{100, 000}{10, 000}\)
TIE = 10
As a result, the times interest earned ratio is 10.
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Isabella and Antonio are auto mechanics. Isabella takes 6 hours to replace a clutch and 4 hours to replace a set of brakes. Antonio takes 8 hours to replace a clutch and 6 hours to replace a set of brakes. State whether anyone has an absolute advantage at either task and, for each task, identify who has a comparative advantage.
Answers
Isabella has an absolute advantage in both clutch replacement and brake replacement due to her ability to complete each task in less time.
- Isabella also has a comparative advantage in both clutch replacement and brake replacement, assuming similar skills and pay rates.
How to determine the whether anyone has an absolute advantage at either task and, for each taskTo determine absolute and comparative advantages in this scenario, we need to compare the productivity of Isabella and Antonio in replacing clutches and brakes.
Let's analyze the tasks:
1. Clutch Replacement:
- Isabella takes 6 hours.
- Antonio takes 8 hours.
Based on the time taken, Isabella has an absolute advantage in clutch replacement because she can complete the task in less time than Antonio.
2. Brake Replacement:
- Isabella takes 4 hours.
- Antonio takes 6 hours.
Again, based on the time taken, Isabella has an absolute advantage in brake replacement because she can complete the task in less time than Antonio.
Similar to clutch replacement, if we assume similar skills and pay rates, Isabella would also have a comparative advantage in brake replacement due to her ability to complete the task more quickly.
Comparative advantage is based on a comparison of opportunity costs, and without specific information about the trade-offs involved, we can infer that Isabella's ability to complete both tasks more quickly gives her a comparative advantage in both.
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what is a bond? in your own words. financially.
Answers
Answer: to me a bond is a very close friendship that is official and that is well known to the world
Explanation:
Mary, a college student, needs to borrow $8,000 today for her tuition. She agrees to pay back the loan in a lump-sum payment upon graduating, 4 years from today. The lender agrees to lending at a fixed 3.85% interest rate during the loan period. What is the total cost of Mary's student loan?
Answers
Answer:
$ 9,304.99
Explanation:
The applicable formula is
A = P x (1 + r)^n
where A is the amount after 4 years
P is principal amount $8000
r is interest rate = 3.85% or 0.0385
n = number of periods: 4
A = $8000 x ( 1 + 0.0385) ^4
A = $8000 x (1.0385)^4
A = $8000 x 1.163123
A =$9,304.99
In recent years, hours of market work have declined and leisure time increased. This trend
a. causes GDP to rise.
b. causes GDP to fall.
c. does not improve the well-being of people because they do not value leisure.
d. is not accounted for in GDP.
Answers
Explanation:
option B.........i guess
Troy Juth wants to purchase new dive equipment for Underwater Connection, his retail store in Colorado Springs. He was offered a $63,000 loan at 8.5% for 24 months. What is his monthly payment by table lookup? (Use Table 14.2)
Note: Round your answer to the nearest cent.
Answers
If he was offered a $63,000 loan at 8.5% for 24 months. His monthly payment by table lookup is : $3071.
What is monthly payment?Monthly payment can be defined as the amount a person received on a monthly basis.
First step is to convert the month to year
Month to year = 24 / 12
Month to year = 2 years
Second step is to find the interest using this formula
I = P × R×T
Where:
I = Interest
P = Principal
R = rate
T = time
Hence
I = 63,000 × 2 × 8.5%
I = 10,710
So,
P+ I = 63,000 + 10,710
P+I = 73,710
Now let find the monthly payment:
Monthly payment = 73,710 / 24 months
Monthly payment = $3,071.25.
Monthly payment = $3,071 (Approximately)
Therefore the monthly payment is the amount of $3071
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ACTIVITY 2 Consider the department that you work in. Write down the learning materials that you use regularly (for instance, this could include policy documents and guidelines and instruction manuals). Discuss how these materials are managed and who is responsible for this management?
Answers
My go-to reference books for learning include management of Manuals, syllabi; slides from classes, internet videos, resources, and tutorials online
The lecturer and/or a school manager are normally in charge of managing these resources by management. They may occasionally be run by a divisional or school librarian. It is an obligation of every professor to update and care for the learning resources in accordance with their own standards and instructions, which are normally provided for students to access and use. This will have various documents to take in with the purpose of management.
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Human resources managers focus on which three of the following?
Maximizing the efficiency of logistic chains
Recruiting, hiring, training, retaining, compensating, appraising, promoting, reassigning, and firing employees
Scanning the environment to determine future HR needs
Managing employee grievances, absences, sick days, and paid-time-off days
Answers
Human resources managers focus on which three of the following are-
Recruiting, hiring, training, retaining, compensating, appraising, promoting, reassigning, and firing employees.Scanning the environment to determine future HR needs.Managing employee grievances, absences, sick days, and paid-time-off days.The department of a company tasked with discovering, selecting, hiring, and training job applicants is known as human resources (HR). HR is also in charge of managing employee benefits. A human resources department also manages employee terminations and compensation and benefits. Talent management, pay and benefits for employees, training and development, compliance, and workplace safety are the five key responsibilities of human resources.
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6
Select the correct answer from each drop-down menu.
Complete the following statements.
A
entire amount at the end of the
allows consumers to make purchases at specific retailers using credit. Users of this type of card must pay the
Reset
Next
Answers
Complete the following statements.
A credit card allows consumers to make purchases at specific retailers using credit. Users of this type of card must pay the entire amount at the end of the billing cycle.
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California residents are allowed a credit for net income taxes paid to another State on income also subject to the California income tax. However, the credit is not allowed for which of the following reasons?
Answers
The reason this credit is not allowed is because: A. If the other state allows California residents a credit for net income taxes paid to California
The types of tax.
In Economics, there are different types of tax and these include the following:
Gift taxExcise taxAlcohol taxIncome taxEstate taxEmployment taxNet income taxWhat is net income tax?Net income tax can be defined as a type of tax which grants either deductions or exemptions from an employee's gross income. Additionally, a net income tax is a system of taxation which is designed and developed to assess taxes on the basis of gross income, gross dividends or gross receipts.
In conclusion, it is a fact that any form of deductions or exemptions that doesn't qualify for a credit is not considered as a net income tax in California and every other part of the world.
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Complete Question:
California residents are allowed a credit for net income taxes paid to another State on income also subject to the California income tax. However, the credit is not allowed for which of the following reasons?
A. If the other state allows California residents a credit for net income taxes paid to California
B. If the income taxed by the other state has a source within the other state under California law
C. If such states do not allow their residents a credit for net income taxes paid to California
D. The amount of the credit is greater than the same proportion of the total California tax as the income taxed by both states bears to the total income taxed by California
An investment costs $1,000 and is sold after 1 year for $1,100. What is the rate of return of this investment?
Answers
The rate of return for an investment that costs $1,000 and is sold after 1 year for $1,100, would be 10%.
What is rate of return on an investment?Rate of return on an investment refers to the annual income from an investment that is expressed as a percentage of the original investment.
Calculation of rate of return: Amount Received - Amount Invested
$1,100 - $1,000 = $100.
Amount Return/ Amount Invested
$100/$1,000 = 0.10 = 10%.
Thus, it can be concluded that the rate of return on this investment would be 10%.
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whats a job description and person specification for nursing assistant?
Answers
Answer:
Enumerated below.
Explanation:
Job description of nursing assistant:
1) Help patients to make use of the bathroom.
2) Clean and bathe any patient or resident that requires it.
3) Maintain hygiene of patients as well as change of bedding they use.
4) Turn, reposition and ensure smooth movement of patients in between the wheelchairs, seats and beds
5) Serve meals and help the patients to eat their food.
6) Carry out simple checks on important things like blood pressure and temperature.
7) Give a listening ear to patients in regards to any health concerns they have and then report such details to a Registered Nurse or Doctor.
Person specification are the personal attributes desired in the potential nursing assistant. They include:
1) Should show excellent attention to detail.
2) Should be very good with written and verbal communication
3) Should possess strong ability to carefully read and also follow directions.
4) Should show flexibility in exercise of work duties and schedule.
5) Should be a very good team player.
6) Strong enough to lift/carry and move patients.
7) Should have very good foundation of clinical skills and clinical knowledge.
A parent company exchanges 5,000 shares of its $2 par value common stock, with a market value of $10/share, for all of the shares owned by the subsidiary's shareholders, resulting in a $50,000 total purchase price. On the acquisition date, the subsidiary reported a book value of Stockholders' Equity of $37,500, comprised of $15,000 of Common Stock and $22,500 of Retained Earnings. An examination of the subsidiary's balance sheet revealed that book values were equal to fair values for all assets except for PPE (net), which has a book value of $20,000 and a fair value of $32,500.
a. Prepare the entry that the parent makes to record the investment.
b. Prepare the [E] and [A] consolidation entries.
Answers
Answer:
a. The entry that the parent makes to record the investment
Investment in Subsidiary $50,000 (debit)
Common Stocks $50,000 (credit)
b. Consolidation Entries
Common Stock (Subsidiary) $15,000 (debit)
Retained Earnings (Subsidiary) $35,000 (debit)
Investment in Subsidiary $50,000 (credit)
Explanation:
The entry that the parent makes to record the investment
Investment in Subsidiary $50,000 (debit)
Common Stocks $50,000 (credit)
Recognize the Investment in Subsidiary and recognize the Equity element : Common Stocks
Consolidation Entries
Common Stock (Subsidiary) $15,000 (debit)
Retained Earnings (Subsidiary) $35,000 (debit)
Investment in Subsidiary $50,000 (credit)
Eliminate Common Items and recognize Goodwill or Gain on Bargain Purchase if any.
a company has current ratio 2.7:1 and liquid ratio 1.8:1 Total liabilities are 22500 the find the value of current assets
Answers
Answer:
The value of current assets are 60,750.
Explanation:
This can be calculated using the current ratio formula as follows:
Current ratio = Current assets / Current liabilities .............. (1)
Where;
Current ratio = 2.7
Current assets = ?
Current liabilities = Total liabilities = 22500
Substituting the values into equation (1) and solve for Current assets, we have:
2.7 = Current assets / 22500
Current assets = 2.7 * 22500
Current assets = 60,750
Note:
It should be noted that in Accounting when no information is given about Non-current liabilities, it indicates that current liabilities are to Total liabilities .
The foundation for all of the functions of management is
Answers
Answer:Planning is the foundation on which all other managerial functions rest.
Explanation:
Major retail firms such as Walmart have used data mining to customize the product offerings for each store.
t or f
Answers
False
Explanation
Data mining is the process of turning raw data into useful information
The four types of consumer products differ in terms of the (1) effort the consumer spends on the decision, (2) attributes used in making the purchase decision, and (3) frequency of purchase. Convenience items are items that the consumer purchases frequently, conveniently, and with a minimum of shopping effort. Shopping products are items for which the consumer compares several alternatives on criteria such as price, quality, or style. Specialty products are items that the consumer makes a special effort to search out and buy. Unsought products are items that the consumer either does not know about or knows about but does not initially want.Two broad categories of products widely used in marketing relate to the type of user. Consumer products are products purchased by the ultimate consumer, whereas business products (also called B2B products or industrial products) are products organizations buy that assist in providing other products for resale. In this exercise, we will study the four different types of consumer products.Write the product examples to the correct consumer product type Royce Poplar coffin Patek Philippe watch Sony Blu-ray Disc™ player Maytag® dishwasher Doritos Hermès Birkin bag Zest bar soap Goodyear Ultra Grip tires Type of Consumer Product Convenience Product Shopping Product Specialty Product Unsought Product
Answers
Answer:
Types of Consumer Product Examples
Convenience Product: Zest bar soap
Shopping Product: Sony Blu-ray Disc™ player
Doritos Hermès Birkin bag
Goodyear Ultra Grip tires
Specialty Product: Patek Philippe watch
Maytag® dishwasher
Unsought Product: Royce Poplar coffin
Explanation:
a) The factors that distinguish consumer products are:
(1) effort the consumer spends on the decision
(2) attributes used in making the purchase decision
(3) frequency of purchase.
b) Types of Consumer Product
Convenience Product
Shopping Product
Specialty Product
Unsought Product
c) Product Examples:
Royce Poplar coffin
Patek Philippe watch
Sony Blu-ray Disc™ player
Maytag® dishwasher
Doritos Hermès Birkin bag
Zest bar soap
Goodyear Ultra Grip tires