Transactions must be segregated into the three types of activities presented on the statement of cash flows: operating, investing, and financing.
Answer:
E. both industries represent price-making firms.
Explanation:
Monopolistic competition refers to an industry in which companies sell products or services that can be similar but they are not perfect substitutes which generates low entry barriers and they are price makers because they can influence prices given that there are not perfect substitutes for their product. According to this, the answer is that monopolistic competition is like monopoly in that both industries represent price-making firms because in a monopoly companies as in monopolistic competition, companies are able to influence the price of the product.
Answer:
c
Explanation:
in health insurance because you can't just go to the bank and say hey can I have my health insurance
Answer:
Allocation rate Machining= $50 per machine hour
Explanation:
Giving the following information:
Estimated Machining cost= $4,000,000
Estimated Number of machine hours= 80,000
<u>To calculate the allocation rate for the Machining department, we need to use the following formula:</u>
Allocation rate Machining= total estimated costs for the period/ total amount of allocation base
Allocation rate Machining= 4,000,000 / 80,000
Allocation rate Machining= $50 per machine hour
A pricing objective where products have a high price and appeal to status-conscious consumers is called prestige product
Prestige is defined as widespread respect, admiration, or recognition. An example of fame comes when you are elected to a coveted position on the board of directors of a highly thought-out corporate organization. high reputation; veneration; Their achievements have given the university much prestige.
Prestige pricing convinces customers that they are worth the cost and gives companies a psychological marketing advantage by using the buyer's assumption that a brand's products are of higher quality than those of its competitors.
A pricing strategy that sets a higher price, recognizing that buyers associate higher prices with superior quality of a product, rather than lower prices driving sales. Also called photo price.
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