This is how you plan to protect yourself from fraud, identity theft, or other misleading business practices in the future:
- Always verify the company's and its representative's identification.
- Don't divulge private information so that hackers or identity thieves can't exploit it to steal your identity.
- Look for the business's operating license and official permission.
- Always verify the legitimacy of the company and assess the caliber of its goods and services.
Follow those steps if you intend to safeguard yourself in the future from fraud, identity theft, and other deceptive and misleading business practices or activities.
Identity theft and fraud prevention and control measures usually involve:
- Keeping an eye on your credit report frequently.
- Update inaccurate information with the business.
- Stop using credit.
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The cost structures of a monopoly have the same relationships among fixed costs, variable costs, marginal costs, and average cost values as pure competition.
Profits for the monopolist, like all organization, can be identical to total revenues minus total costs. The sample of costs for the monopoly may be analyzed inside the identical framework because the costs of a perfectly competitive firm—that is, with the aid of using using total cost, fixed cost, variable cost, marginal cost, average cost, and average variable cost.
However, due to the fact a monopoly faces no competition its situation and its choice method will fluctuate from that of a superbly aggressive organization.
<h3>What is Monopoly Price?</h3>
A monopoly price is set by a monopoly. A monopoly occurs when a firm lacks any viable competition and is the sole producer of the industry's product. Because a monopoly faces no competition, it has absolute market power and can set a price above the firm's marginal cost. Since marginal cost is the increment in total cost required to produce an additional unit of the product, the firm can make a positive economic profit if it produces a greater quantity of the product and sells it at a lower price.
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Answer:
E. Bad debt expense can be estimated by the percent of sales method, the percent of accounts receivable method, or by the aging of accounts receivable method.
Explanation:
The bad debt is an expense that is to be shown on the debit side of the income statement. It refers to the amount which is not collectible by the company due to partie bankruptcy
It can be estimated by the following methods using the Generally accepeted accounting principles (GAAP)
1. percent of accounts receivable method,
2. percent of sales method
3. the aging of accounts receivable method
Hence, the correct option is E.
Answer:
Honesty and sincerity build long-term partnering relationships with customers.
Explanation:
A favorite company would be Walmart, because we go there often. A specific product is hard to determine.
