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3 years ago

A. The economic definition of a cartel is:

Business

1 answer:

solniwko [45]3 years ago

8 0

Answer:

A) Competing firms working together to fix prices and output.

B) Collusion.

C) Illegal

Explanation:

A cartel is when a group of competing producers of a good collude together for their own economic good and benefits. They generally form oligopolistic market structures with coordination and thus can take decision on restricting production of a articular good and influencing prices for their own good.

A collusion thus helps a hand full of companies to dominate the market of a particular product that they all produce. They can even form artificial barriers to entry for new firms as they control all or most of the relevant market forces.

In USA cartels are illegal as per the provision of anti-trust laws.

Hope that helps.

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The following selected accounts from the Bramble Corp.’s general ledger are presented below for the year ended December 31, 2022

allochka39001 [22]

Answer:

$ $

Sales Revenue 2,399,000

Less:

Sales return and allowances 43,000

Sales discount 8,600

2,347,400

Net sales

Cost of goods sold 1,084,000

Gross profit 1,263,400

Operating expenses;

Advertising expense 54,000

Depreciation expense 124,000

Freight out 24,000

Insurance expense 15,000

Salaries and wages expense 674,000

Total operating expense 891,000‬

Income from operation 372,400‬

Other revenue and gains

Interest revenue 32,000

Rent revenue 24,000

56,000

Other expenses and loss

Interest expense 69,000

Income before income taxes 359,400

Income tax expense 69,000

Net income 290,400‬

4 0

3 years ago

What is the good that you have selected?

iogann1982 [59]

Answer:

what do you mean by that

Explanation:

can you please explain more of the question

6 0

2 years ago

Anna35 [415]

Part A

Answer and its explanation:

Interest earned in the third year can be found from following two steps

Step 1 Use compounding formula for first two years, which is as under:

Future value = Present Value * (1+r)^n

Here n is the number of years the amount would be deposited for, which is 2 years duration. And r is the rate of return which is 8% here. So the future value in the year 2 will be:

Future value = $1000 * (1 + 0.08)^2 = $1166.4

Now the interest earned in the third year is:

Interest earned in the third year = $1166.4 * 8% = $93.312

Part B

Answer and its explanation:

The simple interest is the interest arising from the principal investment made in the year zero to date and this can be calculated as under:

Simple interest = Principal investment * rate of interest * number of years

Simple Interest = $1000 * 8% * 3years = $240

And the interest arising from the compounding of interest can be found by the difference of the Future value of the investment for three years and simple interest.

So,

Interest arising through compounding of interest = FV of investment in three years time - (Simple Interest + Principal investment)

Interest arising through compounding of interest = $1000*(1+0.08)^3 -$1240

= $19.712

6 0

3 years ago

In January 2014, the company Quicken Loans made news by announcing that it would pay $1 billion to the person who submitted the

g100num [7]

Answer:

63 games are played.

In the bracket at each stage of the game you have 2 choices.

so total 2^63 ways are there to fill out the bracket.

2^63 = 9,223,372,036,854,775,808 which is approx. 9.2 Quintillion.

Number of people in USA= 317,431,148.

So all possible outcomes of bracket filling to be represented, each person should fill out following number of brackets.

9,223,372,036,854,775,808

= -------------------------------------- = 29,056,291,718.6

317,431,148

which is approximately 29,056,291,719 brackets per person.

Explanation:

6 0

3 years ago

. A business cycle is the a. period of time in which expansion and contraction of economic activity are equal. b. period of time

Mama L [17]

Answer:

c. recurring growth and decline in real GDP.

Explanation:

A business cycle is also called a economic cycle or trade cycle, and it is the fluctuation of GDP up and down along its long term growth trend. A business cycle consists of a period of boom and contraction in sequence.

It shows rise and fall in production of goods and services within a country including output from businesses, individuals, households, nonprofits, and government.

There are 4 stages that make up the business cycle that is peak, recession , trough, and expansion.

3 0

3 years ago