An oligopoly is a market structure when a small number of producers produce uniform goods or goods that are close substitutes for one another. There is fierce competition in the market as a result of a small number of companies.
Since a firm’s market decisions have an impact on its competitors, all businesses are dependent on one another.The businesses set prices. High barriers prevent companies from entering the market.Oligopolies do not have prices that are higher than their marginal revenues, in contrast to monopolies and monopolistically competitive marketplaces.An oligopoly Is a market structure where there are only a few rival businesses providing a certain segment of the economy with a good or service. Its composition is the result of imperfect competition (between monopoly and perfect competition).In an oligopoly market, the number of companies will determine the price of items, however in a monopoly market, just one company controls the market, and as a result, that corporation determines the price of the good because it is an uncompetitive market.
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In what sense do externalities cause the ""invisible hand"" of the marketplace to fail?.
The market failed because it could not take advantage of opportunities.
Basically, there are many externalities factors that can be utilized by the market and converted into profitable things that will provide positive results for the market.
Some of these external factors include government policies, economic trends, a pandemic that suddenly came and caused many economic activities to stop, fluctuations in exchange rates against foreign currencies. If you are unable to take advantage of or deal with this, it is likely that the market will easily fall. Such as the corona virus outbreak occurred in 2020.
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beta electronics issued its 5%, 10-year bonds payable at a price of $845,000 (face value is $800,000). the company uses the straight-line amortization method for the bond discount or premium. interest expense for the first year is:
The company uses the straight-line amortization method for the bond discount or premium making the net Bond Interest Expense $35,500.
$[tex]\frac{45,000}{10}[/tex] years = $4,500 per year.
The amount of cash paid for interest is $800,000 ×.05 = $40,000.
making the net Bond Interest Expense $40,000 - $4,500 = $35,500.
A part of every charge goes toward the loan essential, and an element goes towards interest. as the mortgage amortizes, the quantity going in the direction of the fundamental starts offevolved out small, and regularly grows larger month through the month.
In accounting, amortization refers to expensing the acquisition value minus the residual value of intangible property in a systematic manner over their estimated "useful economic lives" on the way to reflect their intake, expiry, obsolescence, or every other decline in price because of the use or the passage of time.
Amortization schedules show how a mortgage's most important stability owed goes down over time because of the quantities of overall most important and interest paid growth. because the loan progresses, more of a charge is applied to the essential stability owed, and much less is paid in the hobby.
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the ultramares v. touche case of 1933 held that a cause of action based on negligence could not be maintained by a third party who was not in contractual privity; however, it did leave open the possibility that:
The Ultramares V. Touche case of 1933 found that a cause of action based on carelessness could not be maintained by a third party who was not in contractual privity, it did left open the possibility that third parties could sue in the case of fraud or constructive fraud.
The idea of privity of contract is a common law theory that states that a contract cannot confer rights or impose responsibilities on anybody who is not a party to the transaction. The concept is that only contract parties should be able to sue to protect their rights or seek damages. However, the doctrine has proven troublesome due to its consequences for contracts signed for the benefit of third parties who are unable to enforce the contracting parties' responsibilities. Contractivity exists exclusively between the parties to contract, which is most typically a contract of sale of commodities or services. Horizontal privity occurs when the advantages of a contract are to be distributed to a third party.
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mary signed up and paid $1,200 for a 6-month ceramics course on june 1st with choplet ceramics. as of august 1st, choplet's accounting records would indicate:
On June 1st, Mary signed up for and paid $1,200 for a 6-month ceramics course with Choplet Ceramics. Cholet's accounting records would show $400 in revenue and $800 in deferred revenue as of August 1st.
A ceramic is any of the hard, brittle, heat-resistant, and corrosion-resistant materials created by molding and firing an inorganic, nonmetallic material, such as clay, at a high temperature. Earthenware, porcelain, and brick are common examples.
The term "ceramic" is derived from the Greek word (keramikos), which means "of pottery" or "for pottery," and o (keramos), which means "potter's clay, tile, pottery." The Mycenaean Greek ke-ra-me-we, workers of ceramic, written in Linear B syllable writing, is the first documented usage of the root "ceram-." Ceramic can be used as an adjective to describe a substance, product, or process, or it can be used as a noun, either singular or plural, as in "ceramics."
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orange corporation begins business on april 2, 2017. the corporation reports startup expenditures of $64,000 all incurred last year. determine the total amount that orange can elect to deduct in 2017.
Determine the total amount that orange can elect to deduct in 2017 = $3,200
deductible amount (5,000- (64,000-50,000))
amortizable amount (64,000-0)/180 * 9 months
0+3200 = 3200
Total cost is the total amount of fixed expenses (fixed costs) and variable expenses (variable costs) issued by the company. Usually, companies calculate it per unit sold and multiplied by the number of items produced.
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much research and development are needed to create the next iphone. do companies capitalize and amortize research and development costs over the life of the product, or are research and development costs expensed as incurred?
Companies capitalize and amortize research and development costs over the life of the product. R&D expenses are direct spending related to a company's efforts to create, design, and improve its goods, services, technology, or processes.
R&D expenditures are often highest in the industrial, technological, health care, and pharmaceutical sectors. Development The cost of purchasing and developing the sites, including engineering and legal fees, streets, roads, utilities, minimum essential administrative costs, necessary equipment, and estimated interest that the borrower cannot pay from other sources, is referred to as the goods, services. Discretionary fixed costs are typically the result of annual management decisions to spend on specific fixed cost categories.
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how do we know that there is going to be inflation in the economy, i.s., what is the breeding-ground for inflation?
We can know there is going to be inflation when the price of commodities rises.
The cost of living in a nation or the general increase in prices are two examples of broad measures used to describe inflation. People can understand it as the progressive loss of purchasing power brought on by price increases. The effects of inflation, which raises the cost of necessities like food, can be detrimental to society and affect everyone directly.
Most of the commodities being produced can experience inflation, including necessities like housing, food, healthcare, and utilities as well as wants like jewellery, cars or other luxury items. Once inflation is pervasive throughout an economy, both consumers and businesses share a common concern about the possibility of future inflation.
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strategy, at its essence, is about matching rival businesses' products and quality dimensions in the marketplace. building profits for short-term success. realigning the market to provoke change in rival companies. developing lasting success that can support growth and secure the company's future over the long term. re-creating a business model with regularity.
Making controversial choices to gain a competitive advantage is the essence of strategy; however, difficult choices frequently engender opposing viewpoints.
A company's realized strategy typically consists of emergent and unplanned reactive strategy elements mixed with deliberate and planned initiatives.
Which component of a company's business strategy is the most crucial?
A crucial component of any successful business strategy is having and sharing a collective mission and vision. The performance of organizations tends to be better when they communicate their purpose. They also have a better understanding of the crucial aspects of their own business.
Which definition of strategy is most appropriate?
A strategy is a comprehensive plan or collection of plans designed to accomplish something, particularly over a prolonged period.
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ayana enjoys cycling and is in the market for a new bicycle. she is fairly knowledgeable about bikes and knows most of the major brands, such as trek, cannondale, specialized, and giant, and will likely purchase one of these brands. these four brands are
Ayana adores riding and is looking for a new bike. She is somewhat knowledgeable about bikes and is familiar with the majority of the big brands, including Trek, Cannondale, Specialized, and Giant, and will most likely purchase one of these brands. These four brands are being considered. As a result, the appropriate term is a consideration.
What does the term "consideration" mean?A promise, performance, or forbearance bargained by a promisor in exchange for their promise is referred to as consideration. A contract's fundamental component is a consideration. A contract cannot be enforced unless it is considered by both parties.
The four forms of consideration are as follows.
Executed Consideration. Past ConsiderationConditional Consideration Unreal Consideration.To learn more about consideration, click
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Raheem is currently working as a financial analyst earning $75,000 a year and is considering quitting his current job to start an art gallery. The estimated annual revenue from the art gallery is $175,000. The annual cost of labor, advertising, and acquiring the art inventory is $125,000. What are raheem’s accounting and economic profits if he opens the art gallery?.
Raheem's accounting profit is $50,000 and his economic profit is $-25,000.
What is the accounting and economic profit?
Accounting profit is the difference between the revenue earned from a business and the explicit cost incurred in running the business. Explicit cost includes the amount expended in running the business.
Accounting profit= total revenue - explicit cost
Accounting profit = $175,000 - $125,000 = $50,000
Economic profit is the difference between accounting profit and implicit cost. Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.
Economic profit = accounting profit - implicit cost
Economic profit = $50,000 - $75,000
Economic profit = -$25,000
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what is the logical relationship that exists between the project tasks or between a project task and a milestone?
Dependency is the logical relationship that exists between the project tasks or between a project task and a milestone.
A task dependency is a relationship where the completion of tasks must occur in a specific order. In other words, one task depends on the next one that comes after it.
The start or end date of the successor task is determined by the predecessor task. You always begin with the previous task when drawing a dependency line between several tasks.
Gantt charts' end-to-end project visualisation gives you a bird's-eye view of your tasks and makes it simple for you to keep track of them.
Using the drag and drop functionality to establish dependencies between tasks. Simply move a tiny circle to the beginning of the other task by dragging it from the end of the first task.
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Question 7, 2008 WAEC. Kofi is a dealer in general merchandise. The following are his transactions for the month of June, 2002. June 1: Sold goods to Mensah Le 20,000 less 10% trade discount. June 4: Purchases from Kwesi the following: 200 iron rods at Le20 each 100 fillers at Le30 each June 6: June 7: June 9: Invoice subject to 10% trade discount. Purchased from Asante Ltd., 10 bottles of gin at Le 30 each. Returned 60 iron rods purchased on 4th June, to kwesi. Sold the following to Kojo: 300 bags of cement at Le15 each, Less 15% trade discount, 150 tins of target at Le10 per tin. June 18: Kojo returned 10 bags of cement bought on the 9th of June. June 20: Sold to Jones 80 iron rods at Le50 each 110 bags of cement at Le16 each 250 fillers at Le35 each Invoice subject to 50% trade discount June 21: Jones was allowed 50% reduction on the total invoice price for goods damaged in transit. June 30: Purchased from Femi: 100 bags of cement at Le 15 each 50 gallon of oil paint at Le20 each 300 metal sheets at Le18 each You are required to write up the following: (a) sales day book (b) sales returns book (d)purchases returns book purchases day book.
Answer: Table uploaded in the Explanation Section
Explanation:
KOFFI SALES DAY BOOK
DATE QTY DESCRIPTION UNIT PRICE (N) AMOUNT (N) TOTAL (N)
1-Jun Mensah
Goods 20, 000
Less 10% Trade Discount (2, 000) 18, 000
9-Jun Kojo
300 Bags of Cement 15 4, 500
Less 15% Trade Discount -675 3, 825
150 Tins of Target 10 1, 500
5, 325
20-Jun Jones
80 Iron rods 50 4, 000
110 Bags of Cement 16 1, 760
250 Fillers 35 8, 750
14, 510
Less 15% Trade Discount (2, 177) 12, 333
35, 658
KOFFI PURCHASES DAY BOOK
DATE QTY DESCRIPTION UNIT PRICE (N) AMOUNT (N) TOTAL (N)
4-Jun Kwesi
200 Iron rods 20 4, 000
100 Fillers 30 3, 000
Less 10% Trade Discount -700 6, 300
6-Jun Asante Ltd
Bottles of Gin 30 300
30-Jun Femi
100 Bags of Cement 15 1, 500
50 Gallons of Oil Paint 20 1, 000
300 Metal Sheets 18 5, 400 7, 900
14, 500
SALES RETURNS BOOK
DATE QTY DESCRIPTION UNIT PRICE (N) AMOUNT (N)
18-Jun Kojo
10 Bags of Cement 15 150
2,250
PURCHASES RETURNS BOOK
DATE QTY DESCRIPTION UNIT PRICE (N) AMOUNT (N)
7-Jun Kwesi
60 Irons rod 20 1, 200
1, 200
you have just won a $5 million lottery to be received in twenty annual equal payments of $250,000. what will happen to the present value of your winnings if the interest rate increases during the next 20 years? it will be worth more it will not change none of the above it will increase then decrease
You have just won a $5 million lottery to be received in twenty annual equal payments of $250,000. The present value of your winnings if the interest rate increases during the next 20 years will be worth less.
Answers - it will be worth less.
What is an example of worthless?
Worthless is to describe something that has no use or isn't worth any money. Your old broken-down car, a stamp collection with no value, and your no-good room-mate who never cleans and won't pay his share of the rent could all be known as worthless.
What helps with feeling worthless?
Here are some ideas that can help those suffering from feelings of worthlessness:
Be kind to yourself. Think about how you talk to yourself.Practice gratitude.Be mindful of the context of your emotions.Practice forgiveness—and that includes for yourself.Consider helping others.Learn more about worthless here:- https://brainly.com/question/24864915
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abc, inc. has purchased a factory for $150,000 with an expected useful life of 6 years or 50,000 hours of use. they use the machine 5,000 hours per year to produce their product. the expected salvage value is $25,000. what will the depreciation expense be for each year? what will be the balance of accumulated depreciation? assume you are using the following methods: a. straight-line b. double-declining balance c. units-of-production
The straight-line is $31,250. While the double-declining balance is $8,670 the units-of-production is $2.5.
The computation of the depreciation expense for the second year can be seen below:
a) Straight-line method:
= (Original cost - residual value) ÷ (useful life)
= ($150,000 - $25,000) ÷ (6 years)
= ($125,000) ÷ (4 years)
= $31,250
In this method, the depreciation is same for all the remaining useful life
(b) Double-declining balance method:
First we have to find the depreciation rate which is shown below:
= One ÷ useful life
= 1 ÷ 6
= 0.17
= 17%
Because of the rate is double So, 2 x 17% = 34%
In year 1, the original cost is $150,000, so the depreciation is $25,500 after applying the 34% depreciation rate
In year 2, the $25,500 × 34% = $8,670
(c) Units-of-production method:
= (Original cost - residual value) ÷ (estimated production)
= ($150,000 - $25,000) ÷ ($50,000)
= ($125,000) ÷ ($50,000)
= $2.5 per miles
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what amount would a person with actual cash value coverage receive for five-year-old furniture destroyed by a fire?
It is estimated that a person with real cash value coverage would receive $6,800 if a fire destroyed five-year-old furniture.
Describe insurance in your own words.Insurance is a tool used in risk management. A policy protects you from financial losses you may not have anticipated. In the event of an unfavorable event, the insurance provider will pay you or a person of your choosing.
How do insurance premium payments work?Insurance premium is the money that a person or company spends on an insurance policy. It is necessary to pay premiums for health insurance, life insurance, vehicle insurance, and homeowner's insurance. The insurance company receives the premiums after they have been collected.
Given in the question:
Insurance payment = Replacement cost - Depreciation
= $8,500 - [($8,500 / 10) × 2]
= $8,500- $1,700
= $6,800.
Question:what amount would a person with actual cash value coverage receive for five-year-old furniture destroyed by a fire? The furniture would cost $8,500 to replace today and had an estimated life of ten years.
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which section of the uniform commercial code defines course of performance as the history of dealings between the parties in the particular contract at issue?
UCC 1-303 (B) section of the uniform commercial code defines the course of performance as the history of dealings between the parties in the particular contract at issue.
A Uniform commercial code is a uniform state law adopted for all commercial transactions in the United States. Uniform commercial code ensures that the terms in business and finances will be treated uniformly in all the courts of the US. This eases the firms to enter into business contracts and relations as the contract will be treated uniformly across the US.
The course of performance refers to a sequence of conduct during transactions between the parties. The course of dealing refers to the old transactions that have taken place between the parties and established an understanding between the parties.
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matics A
Select the correct answer from each drop-down menu.
The function f(x) = 500(1+2015)4 models the balance in a savings account.
The savings account had an initial balance of
and compounds
Reset
Next
at an interest rate of
Answer:
50%
Explanation: i worked out the problem and got that answer
Company sold inventory with a selling price of to customers for cash. It also colected sales taxes of. The journal entry to record this information includes a.
When the products are sold to the final buyer, the associated sales taxes should be deducted from the cost of inventory and recorded as an expense. The balance sheet shows the cost of inventory.
If you treat inventory as non-incidental materials and supplies, you can write off the cost of the item when it is used or consumed, not when you purchased it. The reverse of incidental materials and supplies is that you can quickly write everything off.
You give the completed
You subtract cost of commodities sold and credit the inventory of finished items. By doing this, the items are moved from inventory to costs. You would record a bookkeeping entry for a cash transaction and credit the sales revenue account for the sale when you sell the $100 item for cash.
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an association of two or more companies engaged in a solitary business enterprise for profit without actual partnership or incorporation is called a(n) .
A joint venture (JV) is an agreement between two or more parties to combine their resources in order to carry out a certain objective.
JVs are not partnerships. That phrase only applies to a single company that was created by two or more people. JVs combine two or more separate businesses into a single one that might or might not be a partnership.
What are the four different entry methods for joint ventures?
Licensing, contract manufacturing, management contracting, and joint ownership are the four categories of joint ventures. This type of joint venture necessitates that the corporation enter a foreign market with a licence agreementrship.
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Assume the Standard Internet Company negotiates a loan for $5,000 from the Metro National Bank and receives a checkable deposit for that amount in exchange for its promissory note (IOU). As a result of this transaction:
A. The supply of money is increased by $5,000.
B. The supply of money declines by the amount of the loan.
C. A claim has been "demonetized. "
D. The Metro Bank acquires reserves from other banks
According to the given statement makes a $5,000 increase in the available money.
What are the benefits and drawbacks of the internet?Since everybody can use a computer, information can be sent instantly and there are no longer any restrictions on where individuals can live. Forum for Communication: Through the internet, communication may now happen more quickly. Family and friends can easily limit touching.
What are the different sorts of internet?There are various forms of internet, which is a collection of networks. It is made up of a vast array of electrical, wireless, and photonic networking technologies that connect local to worldwide public, commercial, educational, business, and government networks.
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which of these is not a risk strategy that is used specifically for dealing with opportunities? a. mitigate opportunity b. enhance opportunity c. exploit opportunity d. share opportunity
Mitigate opportunity is not a risk strategy that is used specifically for dealing with opportunities.
Risk strategy
Risk strategy means structured approach to addressing risks, and can be used in companies of all sizes and across any industry.
Given,
Here we need to identify which one is not a risk strategy that is used specifically for dealing with opportunities from the given options.
While we looking through the given options,
Enhance, exploits and share opportunity are risk strategies used in opportunities.
But the mitigate opportunity does not used in the risk strategy that is used specifically for dealing with opportunities.
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If the government levies a $5 tax per ticket on buyers of nfl game tickets, then the price paid by buyers of nfl game tickets would?.
The price paid by buyers of NFL games will increase by less than $5
A tax is a mandatory charge imposed on products and services by the government or a government agency. Taxes drive up a product's cost and both the buyer and the seller are required to pay the taxes as it is a compulsion imposed by the govt. The price of the ticket would rise by less than $5 if a $5 tax were imposed on them. Both buyers and sellers would be responsible for the $5 tax. The burden of the tax would fall mostly on the party with the less elastic demand and supply.
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braxwell corporation acquired the following assets associated with a manufacturing facility for a lump-sum price of $9,900,000. according to independent appraisals, the fair values were $3,675,000, $1,225,000, $3,675,000, and $3,675,000 for the building, patent, land, and equipment, respectively. the initial value of the patent would be:
Braxwell corporation acquired the following assets associated with a manufacturing facility for a lump-sum price of $9,900,000. The initial value of the patent would be $9,90,000
Total independent values = $3,675,000 + $1,225,000 + $3,675,000 + $3,675,000 = $12,250,000
we must allocate the purchase cost proportionally:
purchase cost of building = $3,675,000/$12,250,000 x $9,900,000 = $297,000
purchase cost of patent = $1,225,000/$12,250,000 x $9,900,000 = $9,90,000
purchase cost of land = $3,675,000/$12,250,000 x $9,900,000 = $297,000
purchase cost of equipment = $3,675,000/$12,250,000 x $9,900,000 = $297,000
Thus the initial value of the patent would be $9,90,000.
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what is a breadwinner
trabalho ou instrumento de trabalho que garante a subsistência do trabalhador; ganha-vida
the distribution to employees of a percentage of the company's profits is known as . multiple choice question.
Profit sharing, system via which employees are paid a share of the internet income of the employer that employs them, in accordance with a written system defined in advance.
Such payments, which can also fluctuate in accordance to revenue or wage, are distinct from and extra to regular earnings.
What are the advantages of income sharing?This approves businesses to limit their tax liability and extend their savings. Employers additionally do not have to fear about paying their employees in years when earnings might also be low.
Example of Profit-Sharing Plans
Suppose a company, ABC corporation, earns an annual income of $500,000. This agency employs three employees, X, Y, and Z. Now, all the employees earn an income of $400,000, $200,000, and $400,000, respectively. The organisation has a coverage of a 10%profit sharing plan.
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https://brainly.com/question/1777823#SPJ4sales of abc corporation's digital video cameras are rising rapidly, profits are peaking, and competitors are entering the market. abc is able to maintain its market lead. judging from this example, the digital video camera is in which stage of the product life-cycle?
Judging from this example, the digital video camera is in Growth of the product life-cycle.
The period of time between a product's introduction to the market and its removal from the shelves is known as its life cycle.
When a product is first introduced to the market, a company frequently pays more for marketing, but as product adoption increases, sales increase.
A product's life cycle has four stages: introduction, growth, maturity, and decline.
The growth stage follows if the product is a success. It is distinguished by increasing demand, rising production, and expanding availability. Different industries and products will require different lengths of time for a company's product to enter the growth phase.The product's popularity and recognizability increase during the growth phase. Even if a product faces fierce competition, a company may still decide to spend a lot of money on advertising. Instead of introducing their products to the market, marketing campaigns are more likely to focus on how their product stands out from the competition. A company may also improve a product's functionality in response to customer feedback.The growth phase of the product life cycle has a positive financial impact on revenue and sales. As rival products are offered by the competition, there is more competition, which could force the company to lower its prices and experience lower margins.Learn more about Product life cycle, here
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the three ways that government policy can solve an adverse selection problem do not include providing information directly to buyers. giving sellers an incentive to reveal truthful information. limiting the number of sellers. regulating quality.
The three ways that government policy can solve an adverse selection problem do not include giving sellers an incentive to reveal truthful information.
What is adverse selection?Аdverse selection refers generаlly to а situаtion in which sellers hаve informаtion thаt buyers do not hаve, or vice versа, аbout some аspect of product quаlity. In other words, it is а cаse where аsymmetric informаtion is exploited. Аsymmetric informаtion, аlso cаlled informаtion fаilure, hаppens when one pаrty to а trаnsаction hаs greаter mаteriаl knowledge thаn the other pаrty.
The problem fаced by pаrties to аn exchаnge in which the terms offered by one pаrty will cаuse some exchаnge pаrtners to drop out. Аn exаmple is the problem of аsymmetric informаtion in insurаnce: if the price is sufficiently high, the only people who will seek to purchаse medicаl insurаnce аre people who know they аre ill (but the insurer does not). This will leаd to further price increаses to cover costs.
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1. What is public relations? Give an example of a public relations activity. (1 point)
the specific combination of goods, services, or ideas that a firm offers its target market is known as it
The specific combination of goods, services, or ideas that a firm offers its target market is known as it product. The broad population that a company is attempting to attract through its marketing initiatives is known as a target market.
What is target market?A target market, also known as a serviceable attainable market, is a segment of a company's serviceable available market that the company directs its marketing resources and efforts toward. A target market is a segment of a product or service's overall market.The broad population that a company is attempting to attract through its marketing initiatives is known as a target market. A target audience, on the other hand, is a particular segment of the target market that a business seeks to connect with through focused marketing initiatives.By defining a target market, marketers can concentrate on the people who are most likely to buy the product. By reducing the population, research and funding are directed toward the clients who have the most potential for profit.To learn more about target market refer to:
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auditor most likely would assess control risk at high if the payroll department supervisor is responsible for:
Auditor most likely would assess control risk at high if the payroll department supervisor is responsible for approving adjustments to payroll rates for all employees.
You must have proof that the relevant controls were operationally effective for the whole period for which you intend to rely on them in order to determine control risk for particular assertions at a level lower than the maximum for the financial statement audit.
You will now have finished your control testing and be able to evaluate the control risk associated with each assertion for the purposes of your financial statement audit. For the purposes of your internal control audit, you will also be able to draw a provisional conclusion about the efficacy of the controls at CX-15. (When you have finished your substantive audit procedures, you will have reached your final conclusion regarding the efficacy of internal controls.) You should make sure that your financial statement audit's control risk assessments (High, Moderate, and Low) are consistent
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