An oligopoly can be described as an industry in which ____

Maria wants to start a restaurant of her own. as she does not have any savings, she approaches her bank for money and enters an

Art [367]

Answer:

Line of credit

Explanation:

Line of credit ( LOC )-

It is the monetary value , which the bank or any credit union agrees to lend , with a predefined limit , from which the person can use the amount and then the interest is paid for the amount the person has borrowed , is known as line of credit .

In the case of LOC , a maximum limit , the interest rate and the time to repay back the amount with some minimum payments is defined beforehand .

8 0

3 years ago

Which of the following is a condition that may cause a fee simple absolute to become a fee simple defeasible...? The owner takes

vodka [1.7K]

Answer:

A condition that may cause a fee simple absolute to become a fee simple defeasible is:

The owner gifts the property to another entity

Explanation:

Jane holds a landed property as a fee simple absolute, therefore, she has absolute ownership. This implies that her ownership of the property lasts forever unless she transfers it. Jane can do whatever she wants with the property. It is unlike a defeasible fee, which is simply a fee simple interest in land which Jane can lose by the occurrence of a specified event.

6 0

3 years ago

Nelson Company reported cost of goods sold of $550,000 last year and $580,000 this year. Nelson also reported accounts payable o

Gnoma [55]

Answer:

3.00

Explanation:

Computation for this year's accounts payable turnover ratio for Nelson

Using this formula

Accounts payable turnover ratio=Cost of goods sold last year - Cost of goods sold this year /(Accounts payable last year -Accounts payable this year) ÷2

Let plug in the formula

Accounts payable turnover ratio=$550,000-$580,000/($300,000+$280,000) ÷2

Accounts payable turnover ratio=$30,000/$20,000÷2

Accounts payable turnover ratio=$30,000/$10,000

Accounts payable turnover ratio=3.00

Therefore this year's accounts payable turnover ratio for Nelson will be 3.00

7 0

3 years ago

Two or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts that are missin

PilotLPTM [1.2K]

Answer:

Income Statements

2013 2014 2015

Sales revenue $294,170 $360,920 $414,180

Sales returns and allowances 11,200 13,470 20,740

Net sales 282,970 347,350 393,440

Beginning inventory 21,590 33,560 42,010

Purchases 245,240 263,090 298,600

Purchase returns and allowances (5,180) (8,330) (10,440)

Freight-in 8,140 9,480 12,440

Total cost of goods available 269,790 297,800 342,610

Ending inventory 33,560 42,010 47,870

Cost of goods sold 236,230 255,790 294,740

Gross profit on sales 46,740 91,560 98,700

Explanation:

a) Data and Calculations:

2013 2014 2015

Sales revenue $294,170 $ $414,180

Sales returns and allowances 11,200 13,470

Net sales 347,350

Beginning inventory 21,590 33,560

Ending inventory

Purchases 263,090 298,600

Purchase returns and allowances 5,180 8,330 10,440

Freight-in 8,140 9,480 12,440

Cost of goods sold 236,230 294,740

Gross profit on sales 46,740 91,560 98,700

Beginning inventory 21,590 33,560 42,010

Purchases 245,240 263,090 298,600

Purchase returns and allowances (5,180) (8,330) (10,440)

Freight-in 8,140 9,480 12,440

Total cost of goods available 269,790 297,800 342,610

Ending inventory 33,560 42,010 47,870

Cost of goods sold 236,230 255,790 294,740

3 0

3 years ago

YALL ARE SO MOTHER FUCĶING DRAMATIC OVER A QUESTION

natima [27]

Answer:

I'm answering for points

8 0

3 years ago

An oligopoly can be described as an industry in which _____ .