A long-term competitive advantage that is not easily to duplicate or surpassable by the competitors.
it allows the firm to earn excess returns for its shareholders.
Answer: A. It has a competitive advantage in the industry
Explanation:
From the question, we are informed that the average cost of production for a bottle of water in the industry is 0.20 cents while its average price is 0.50 cents and that Water Inc. manufactures the same product for 0.10 cents while its average price is 0.40 cents.
The scenario shows that Water Inc has a competitive advantage in the industry. This is seen as the bottle of water is produced at a cheaper cost wen compared to its rivals.
Answer:
a. Sep 10
b. $21,823
c. $21,500
Explanation:
a) Due date of the note
July 13 to 31 = 19 days
Aug 1 to 31 = 31 days
Sep 1 to Sep 10 = 10 days
due date is Sep 10
b) Maturity value of the note
$ 21500 + $ 21500*9%*60/360
= $ 21823
c) Journal entry
Cash debit $ 21823
interest recieved credit $323
Notes Receivable credit $ 21500
Discretionary fiscal policy is a fiscal policy action, such as a tax cut, initiated by an act of Congress.
What is discretionary fiscal policy?
Discretionary fiscal policy is a policy in which government uses taxation and spending to influence aggregate demand.
Hence, Discretionary fiscal policy is a fiscal policy action, such as a tax cut, initiated by an act of Congress.
Learn more about fiscal policy here: brainly.com/question/6483847
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Answer: Items 2, 3, 4, 6, 7, and 8
Explanation:
The M2 definition of money includes M1 money and then some other types of instruments that are quite highly liquid and so can be converted to liquid cash quickly if needed.
M2 includes:
2. Noncheckable savings deposits
3. Currency (coins and paper money) in circulation
4. Small-denominated (less than $100,000) time deposits
6. Checkable deposits
7. Money market deposit accounts
8. Money market mutual fund balances held by individuals
