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garik1379 [7]
3 years ago
11

Jack, Jamie, Ronnie, and Stephan own the only computer software manufacturing companies in the country. When Jack increases the

price of his product and advertises extensively to promote it, the other three manufacturers immediately increase their prices and launch promotional strategies. What type of market structure do these four companies operate in
Business
2 answers:
Aneli [31]3 years ago
7 0

Answer:

Oligopoly

Explanation:

Oligopoly is a type of market structure in which few number of firms control or collectively dominate a market. Each of the few firms in an Oligopoly can exact a significant influence on the others in their pricing and output policies. Usually, an Oligopoly market structure is controlled by two or more few number of firms having a firm grip on the market share, who compete with each other.

Likurg_2 [28]3 years ago
6 0

Answer: Perfect Competition

Explanation:

This is a situation prevailing in a market in which buyers and sellers are so numerous and well informed that all elements of monopoly are absent.

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Grouper Corp. retires its $640000 face value bonds at 105 on January 1, following the payment of annual interest. The carrying v
AleksAgata [21]

Answer:

Explanation:

The journal entry is shown below:

Bonds payable A/c Dr $640,000

Premium on bonds payable A/c Dr $23,970

Loss on bonds redemption A/c $8,030

         To Cash A/c $672,000                     ($640,000 × 1.05)

(Being the redemption of bond is recorded and the remaining balance is debited to the Loss on bonds redemption account)

The Premium on bonds payable is computed below:

= Carrying value of the bonds - face value of the bond

= $663,970 - $640,000

= $23,970

4 0
3 years ago
Goliath Corp. has beginning accounts receivable of $2,000. During the year, Goliath sold goods to customers on account for $10,0
pishuonlain [190]

Answer:

$12,000

Explanation:

According to the accrual accounting method, the reporting of the transactions should be performed on an accrual basis which means whether or not the payment is paid but it is reported in the account books.

The revenue should be recorded when it is earned or realized and the expenses are recorded when it is incurred

So, in the given scenario, the amount based on accrual basis sales would be

= Goliath sold goods to customers on account + Goliath also sold goods to customers for cash

= $10,000 + $2,000

= $12,000

3 0
3 years ago
One of your customers has just made a purchase in the amount of $23,200. You have agreed to payments of $445 per month and will
Alja [10]

Answer:

85.43 months

Explanation:

Purchase = $23,200

Payment per month = $445

Interest rate = 1.26%

Therefore the solution is:

$23,200 = $445[(1 − 1/1.0126^t) / .0126]

t = 85.43 months

3 0
3 years ago
Match each trade organization or agreement with its description.
Dominik [7]

Answer:

1. World Trade Organization

2. North American Free Trade Agreement

3. The European Union

Explanation:

a. World Trade Organization (WTO): Oversees trade agreements among over 150 member nations and arbitrates trade disagreements among member countries. The world trade organization (WTO) is an intergovernmental organization that set rules, policies and regulates global trade across the world. It was established officially on the 1st of January, 1995.

b. North American Free Trade Agreement (NAFTA): Created a free-trade zone consisting of the United States, Canada, and Mexico with the purpose of eliminating trade barriers between these countries. It officially became effective on the 1st of January, 1994.

c. The European Union (EU): An agreement between over 25 nations, which abolished tariffs among member countries and standardized policies on agriculture, transportation, and business practices. It was established officially on the 1st of November, 1993. Some of its member countries are Sweden, Italy, Germany, Portugal, Croatia, Russia, France, Spain, Netherlands etc.

8 0
3 years ago
Consider three imaginary countries. In Aire, saving amounts to $4,000 and consumption amounts to $12,000; in Bovina, in Cartar,
Volgvan

Answer:

c higher in Aire than in Cartar, and it is higher in Cartar than in Bovina.

Explanation:

As we know that,

Money supply = Saving amount + consumption amount

And, the saving rate would be

= (Saving amount ÷ money supply) × 100

So

For Aire, the saving rate would be

= ($4,000 ÷ $16,000) × 100

= 25%

For Bovina, the saving rate would be

= ($3,000 ÷ $27,000) × 100

= 11.11%

For Cartar, the saving rate would be

= ($10,000 ÷ $60,000) × 100

= 16.66%

5 0
3 years ago
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