Question

progress-raise eBook Calculator Types of Businesses Indicate whether each of the following companies is primarily a service, merchandising, or manufacturing business. If you are unfamiliar with the company, you may use the Internet to locate the company's home page or use the finance Web site of Yahoo.com 1. AFLAC (AFL) 2. Best Buy (BBY) 3. Boeing (BA) 4. Caterpillar (CAT) 5. Citigroup (C) 6. CVS Health Corp. (CVS) 7. DowDuPont Inc. (DWDP) 8. Exxon Mobil (OM) 9. Facebook (FB) 10. Ford Motor (F) 11. General Electric (GE) 12. Hilton Hotels 13. H&R Block Inc. (HRD) 14. Oracle (ORCL) 15. Target (TGT) Check My Work

Answer 1

ANSWER:

(1) Types of Businesses:

(a) AFLAC - Service Business (k) General Electric - Service Business

(b)BEST BUY - Merchandising Business (l) Hilton Hotels - Service Business

(c) Boeing (BA) - Manufacturing Business (m) H&R Block Inc - Service Business

(d) Caterpillar - Manufacturing Business (n)Oracle - Merchandising Business

(e) Citigroup - Services Business (o)Target - Merchandising Business

(f) CVS Health Corp - Services Business

(g)DowDupont - Manufacturing Business

(h)Exxon Mobil - Services Business

(i) Facebook - Services Business

(j) FOrd Motor - Manufacturing Business

(2)Business Emphasis:

(a) Alligient Travel Services - Low Cost Emphasis (g)Lowe's - Low Cost Emphasis

(b) Best Buy - Low Cost Emphasis (h) NIKE - Premium Price Emphasis

(c) BMW - Premium Price Emphasis (i) Pepsi Co. Inc. - Low Cost Emphasis

(d) Dollar Tree - Low Cost Emphasis (j)Staples - Low Cost Emphasis

(e) E*TRADE - Low Cost Emphasis (k) Sub - Zero - Premium Price Emphasis

(f) Goldman Sachs Group - Premium Price Emphasis (l)Mercedez Benz - Premium Price Emphasis

Low Cost emphasis companies are those which target the audiences keeping the price of the merchandise(product) at reasonable or low cost to target all the sections of the society. Whereas the Premium Price Emphasis are those which keep there target audiences as wealthy class of the society keeping in mind there purchasing power.

(3)Accounting Equation:

Stockholder's Equity = Assets - Liabilities

Best Buy = 13,856 - 9147 = 4,709 million, Game Stop = 4976 - 2722 = 2,254 million

Comment below for any doubts.