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11 months ago

a market is considered to be a(n) when the largest four firms in an industry control more than 40% or more of the market..

1 answer:

4 0

The phenomenon "a market is considered to be a(n) when the largest four firms in an industry control more than 40% or more of the market" is known as an oligopoly.

<h3>What is an oligopoly?</h3>

Generally, an Oligopoly is a kind of market structure in which a few major sellers or manufacturers control a market or industry. Oligopoly may refer to either a market or an industry.

Oligopolies are often the consequence of a drive to maximize profits, which frequently results in a collaboration between competing businesses.

Oligopoly refers to a market structure that is defined by a limited number of enterprises that are aware that their pricing and production strategies are depending on one another.

The number of businesses is low enough that each one may have some influence on the market.

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Which of the following statements is false? Multiple Choice Prepaid insurance is a deferred expense. Prepaid insurance represent

inna [77]

Answer:

B. Prepaid insurance is shown on the income statement

Explanation:

Prepaid insurance first and foremost is a current asset and as such will not reflect in the income statement but in the statement of Financial Position or Balance Sheet.

Although, prepaid insurance will be shown as paid within the year, it must be deducted from the insurance premium paid for the current year and then reported in the balance sheet as a current asset.

Prepaid insurance is treated as a current asset because it is an indication of insurance premiums paid for by the company in advance. It is a payment for economic benefits that will be enjoyed in the future, therefore it is a current asset. The only part of an insurance premium that shows in the income statement is the insurance expense paid for insurance benefit enjoyed in the current period

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3 years ago

Mr. Deli wants to start a small sandwich shop in his neighborhood. He has enormous amounts of cash that he inherited from his Un

Brilliant_brown [7]

Answer:

sole proprietorship

Explanation:

A sole proprietorship is a type of business that is owned by one person

Characteristics

1. it is owned by one person

2. the business has unlimited liability

3. the business has limited access to capital

4. the business usually lacks continuity. this type of business usually ceases to exist when the owner dies

5. the business is usually not separated from the owner

8 0

3 years ago

How are traditional economies like free-market economies?

shutvik [7]

The last one. hope it helps!

7 0

3 years ago

Read 2 more answers

Ralph, a regional sales manager, was asked to analyze whether his company should launch a marketing effort to become Right Foods

podryga [215]

Answer:

Switching cost

Explanation:

Switching cost is defined as the cost that is incurred in the course of changing from one supplier to another.Switching cost can be in monetary terms like compensation and termination fees and also in non monetary terms like time , effort and psychological stress.

In the given scenario , the defined activities of Right foods and the intention of Ralph clearly point out the process of potential switch of suppliers , even as the potential switching cost of $0.5 million for termination and $100,000 for replacing of software and retraining of staff are apparent.

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2 years ago

The balance in the unearned fees account, before adjustment at the end of the year, is $12,960. Required: Journalize the adjusti

Fittoniya [83]

Answer:

The journal entry is shown below:

Explanation:

The journal entry for the following is as follows:

On December 31

Unearned Fees A/c........................Dr $6,000

Fees Earned A/c..............................Cr $6,000

Being the adjusting entry is posted for the unearned fees.

The account of unearned fees is debited against the account of fees earned with the amount of $6,000.

Working Note:

Amount = Before adjustment amount - Unearned fees at the year end

where

Before adjustment amount is $12,960

Unearned fees at the year end is $6,960

Putting the values above:

Amount = $12,960 - $6,960

= $6,000

7 0

3 years ago