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2 years ago

Which fact supports the idea that renting is a good

Business

1 answer:

kipiarov [429]2 years ago

3 0

The fact that support the idea that renting is a good is Landlords take care of most maintenance.

<h3>What is renting?</h3>

Renting refers to an agreement where a payment is made for the temporary use of a good, service or property owned by another.

It is obtaining a owner's property, in return for regular payments.

Hence, the fact that support the idea that renting is a good is Landlords take care of most maintenance.

Learn more about renting here : brainly.com/question/13393299

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At year-end (December 31), Chan Company estimates its bad debts as 0.80% of its annual credit sales of $831,000.

pychu [463]

Answer:At year-end (December 31), Chan Company estimates its bad debts as 0.80% of its annual credit sales of $831,000. Chan records its Bad Debts Expense for that estimate. On the following February 1, Chan decides that the $416 account of P. Park is uncollectible and writes it off as a bad debt. On June 5, Park unexpectedly pays the amount previously written off. Prepare the journal entries for these transactions. View transaction list 1 Record the estimated bad debts expense. 2 Wrote off P. Park's account as uncollectible. 3 Reinstated Park's previously written off account 4 Record the cash received on account. Credit Note :· journal entry has been entered Record entry Clear entry View general journal

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1 year ago

Assume that a pure monopolist and a purely competitive firm have the same unit costs. In this case, determine what is true with

grandymaker [24]

Answer:

a. 1, 5 and 7

b. Resources will be allocated inefficiently

c. Differing sizes and capacities

d. Benefits due to economies of scale

e. Reduce prices and improve resource allocation.

Explanation:

The correct combination is 1, 5 and 7. The price of a pure monopoly firm is much higher than that of purely competitive firm because the later is a price taker while the former is a price fixer. Because of this, output of monopoly is lower while the profit margin is higher than that of competitive firm.

Assuming that a pure monopolist and a purely competitive firm have the same unit costs. In the case of a pure monopolist, resources will be allocated inefficiently because the monopolist does not produce at the point of minimum Average Total Cost and does not equate price and Marginal cost.

Even though both monopolists and competitive firms follow the MC = MR rule in maximizing profits, there are differences in the economic outcomes because pure competitors lack capacity and are smaller in size while the monopolist has the capacity to expand inorder to maximize profits.

The costs of a purely competitive firm and a monopoly may be different because the monopolist is capable of taking advantage of cost reduction arising from economics of scale. Pure competitors does not experience economies of scale due to their small sizes.

If a monopoly can experience economies of scale, it can reduce prices beyond that of the pure competitor thereby ensuring a more efficient resource allocation.

5 0

3 years ago

ease answer the question below based on the closing spot and the July futures contract prices for euros for four consecutive day

kherson [118]

Answer:

If a person sold euro futures on <u>3/01</u> then he/she will post a profit on <u>3/02</u> :

Explanation:

Date 3/01 3/02 3/03 3/04

Euro Spot Price $1.1585 $1.1589 $1.1584 $1.1593

July euro Futures Contract Price <u>$1.1850</u> <u>$1.1812</u> $1.1823 $1.1820

On March 1, the price of the euro futures contract was $1.1850 per euro, which means that a €1,000 contract is worth $1,185.50. On March 2, the euro futures contract was worth less, only $1.1812 per euro, that means that a €1,000 contract is worth $1,181.20. So you could have earned $1,185.50 - $1,181.20 = $4.30 per contract. It doesn't seem much, but it represents a 0.36% gain in one day.

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3 years ago

In its first year of operations, Roma Company reports the following. 1. Earned revenues of $45,000 ($37,000 cash received from c

netineya [11]

Answer:

so what is the question that you are trying to find for this equation of yours?

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2 years ago

Thirty-five percent of the sales on account are collected in the month of sale, 45% in the month following sale, and the remaind

OlgaM077 [116]

Answer:

The amount of cash collected in March should be:

$51,000.

Explanation:

a) Data and Calculations:

Budgeted sales and Cash Collections:

January February March April

Total sales $50,000 $60,000 $40,000 $30,000

Collections:

35% month of sales 17,500 21,000 14,000 10,500

45% month following 22,500 27,000 18,000

20% second month 10,000

Total collections in March $51,000

b) The above calculations concentrated on the month of March, being the month of interest. Though, sales on account totals $40,000, the cash collections for the month amounts to $51,000. This arises from cash collections from the months of January and February.

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3 years ago