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Reil [10]
1 year ago
8

For a product that has a large economic value, a firm can choose to charge the same price as competitors in order to ______. Mul

tiple choice question. increase return on invested capital maximize profit gain market share cover opportunity costs
Business
1 answer:
kirill [66]1 year ago
5 0

In order to <u>gain market share</u><u>,</u> some a firm whose product that has a large economic value do decides to charge the same price as competitors.

<h3>What is a market share?</h3>

A market share refers to an industry percentage that is earned by a particular company over a specified time

In conclusion, some firm whose product that has a large economic value charges the same price as competitors In order to gain market share.

Read more about market share

<em>brainly.com/question/25309906</em>

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2 years ago
During January, Luxury Cruise Lines incurs employee salaries of $2.1 million. Withholdings in January are $160,650 for the emplo
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Answer:

a. The journal entries for the employee salary expense, withholdings, and salaries payable are the following:

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Salaries expenses account    $2,100,000

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    State income tax payable                                           $131,250

   FICA social security tax payable                                 $160,650

   Blue shield payable                                                       $21,000

  Cash account                                                               $1.472.1000

b. The journal entries for the employer-provided fringe benefits is the following:

                                                                           Debit                           Credit

Salaries expenses (Fringe benefit account)    $63,000

    Blue shield payable                                                                      $63,000

c. The journal entries for the employer payroll taxes is the following:

                                                       Debit                           Credit

Payroll Tax expense account    $290,850

    FICA Social security tax payable                                   $160,650

    Unemployment tax payable                                          $130,200

Explanation:

a. The journal entries for the employee salary expense, withholdings, and salaries payable are the following:

                                                       Debit                           Credit

Salaries expenses account    $2,100,000

    Federal Income tax payable                                       $315,000

    State income tax payable                                           $131,250

   FICA social security tax payable                                 $160,650

   Blue shield payable                                                       $21,000

  Cash account                                                               $1.472.1000

b. The journal entries for the employer-provided fringe benefits is the following:

                                                                           Debit                           Credit

Salaries expenses (Fringe benefit account)    $63,000

    Blue shield payable                                                                      $63,000

c. The journal entries for the employer payroll taxes is the following:

                                                       Debit                           Credit

Payroll Tax expense account    $290,850

    FICA Social security tax payable                                   $160,650

    Unemployment tax payable                                          $130,200

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A trade surplus occurs when the value of a nation's exports is more than the value of its imports. However, trade deficit occurs when the opposite happens.

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Answer:

$278

Explanation:

100 * 1.15 = $115

100 * .79 = $79

100 * .84 = $84

$278

Hope this helps

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2 years ago
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