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4 years ago

Why do todayĂ˘s internet web applications and smartphone apps need databases?

1 answer:

3 0

They need databases so that they can have better access to information with the use of the internet. It also allows users to create backups with the help of cloud storage apps like cloud software. Aside from that, it makes it easier for users to update files, software and operating systems with the help of databases.

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The difference between monopolistic competition and pure competition is that compared to pure competition, monopolistic competit

Naddik [55]

The difference between monopolistic competition and pure competition is that compared to pure competition, monopolistic competition has fewer firms, product differentiation, some price control, and relatively easy but not barrier-free entry.

Monopolistic competition occurs when many companies offer competing products or services that are similar but not perfect substitutes. Barriers to entry in a proprietary and highly competitive industry are low, and no single firm's decisions directly affect its competitors.

The best examples of purely competitive markets are agricultural commodities such as corn, wheat and soybeans. Monopolistic competition, like pure competition, has many suppliers and low barriers to entry.

In pure competition, all products are similar. Products may not all be the same and may not be exactly the same in packaging, color, and shape. Since the products are the same, buyers often have no product preferences and buy all products equally.

Learn more about the monopolistic competition here: brainly.com/question/25717627

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7 0

2 years ago

Bonds with detachable stock warrants were issued by Flack Co. Immediately after issue the aggregate market value of the bonds an

lapo4ka [179]

Answer: Yes

Explanation: Bonds with detachable stock warrants could be explained as bonds which gives the holder an added offer of being able to purchase a certain asset a a specified price at a certain time. According to the scenario above, the income generated from the Issuance of the bond falls below the aggregate market value of the bond, In this case, the portion of the proceed allocated to the warrant will be less than their market value which is largely due to the impact of the shortfall in the proceed generated from Issuance of the bond. Due to the shortfall in the allocated proceed, the share of proceed applied to the warrant will be noted as outstanding in the detachable stock warrant.

3 0

3 years ago

Lakeview Company completed the following two transactions. The annual accounting period ends December 31.

Ann [662]

Answer: Check attachment and explanation.

Explanation:

a. The question has been solved. Check the attachment.

b. LAKEVIEW COMPANY

Balance sheet (Partial)

December 31

Current liabilities

FICA Payable=$4800 + $4800= $9600

Charitable contribution payable = $2400

Withheld income tax payable = $6400

State and Federal unemployment tax payable = $560

Unearned rent revenue = $5700 - $3800 = $1900

Total current liabilities = $20860

6 0

3 years ago

If the owner of a company withdrew 200 during a period the closing entry for the owner withdrew account would show a

erastovalidia [21]

Answer:

Explanation:

4 0

3 years ago

Accounts receivable $ 28,500 Long-term notes payable $ 23,000 Accounts payable 16,200 Office supplies 4,000 Buildings 51,000 Pre

Rus_ich [418]

Answer:

Chavez Company's current ratio = 2.202

Explanation:

CLASSIFYING THE BALANCE SHEET ACCOUNTS OF CHAVEZ COMPANY'S

CURRENT ASSETS – 44,040

• Cash 7,500

• Accounts receivable 28,500

• Prepaid insurance 4,040

• Office supplies 4,000

LONG-TERM ASSETS – 51,000

• Buildings 51,000

CURRENT LIABILITIES – 20,000

• Accounts payable 16,200

• Unearned services revenue 3,800

LONG-TERM LIABILITIES – 23,000

• Long-term notes payable 23,000

Current Ratio = Current Asset (CA) / Current Liabilities (CL)

Current Ratio = 44,040 / 20,000

Current Ratio = 2.202

7 0

4 years ago