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IRINA_888 [86]
3 years ago
15

Fadia Ammunition Inc., a firm controlled and managed by the government of Fadia, is the only company that has the license to pro

duce defense arms in the country. Which of the following industry competitive structures does this best illustrate?a. monopolistic competition
b. perfect competition
c. monopoly
d. oligopoly
Business
1 answer:
Leto [7]3 years ago
5 0

Answer:

C. Monopoly

Explanation:

Monopoly is when their is a single seller selling a unique product. Fadia is the only company that has the license to produce defense arms in the country. (defense arms is a unique product)

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The payment represents rent for the years 2022 and 2023, the period covered by the lease. Kraft Company is a cash basis taxpayer
anygoal [31]

Answer:

Don't know the answer but gl

Explanation:

just neeed to use the app for answer hope you have a good day ;]

5 0
3 years ago
Describe the action of gluten during mixing and baking
forsale [732]

Answer: Gluten develops as flour is mixed with liquid and forms strong, elastic strands that crisscross in a springy mesh, or weave, of tiny cells. The cells trap air or gas in the baked product. As the product bakes, cells expand with heated air or gas.

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6 0
3 years ago
Read 2 more answers
Mike Hansen has adjusted gross income of $82,000. During the year, Mike decided he needed a larger home. He purchased a home on
viktelen [127]

Answer: $0

Explanation: The total amount of an individual's Gross income which is taxed is called the taxable income. An individual's Adjustable Gross Income may include expenses such as charitable contribution, mortgage interest, medical and some other eligible expenditure which are are deducted in other to lessen the taxable income of such individual. Such deductions are called the Itemized deductions.

However, personal expenses DO NOT CONTRIBUTE to an individual's Itemized deduction and as such, MIKE HANSEN'S ITEMIZED DEDUCTION IS ZERO.

The $6000 incurred is classed under personal expenditure and is not deductible.

6 0
3 years ago
Tierney Construction, Inc. recently lost a portion of its financial records in an office theft. The following accounting informa
defon

Answer:

$28,675 = direct materials used

Explanation:

<u>To calculate the direct material used, we need to use the following formula:</u>

Cost of goods manufactured= beginning WIP + direct materials used + direct labor + allocated manufacturing overhead - Ending WIP

112,450= 23,600 + direct materials used + (22,550*2.5) + 22,550 - 18,750

112,450 - 23,600 - 56,375 - 22,550 + 18,750 = direct materials used

$28,675 = direct materials used

3 0
3 years ago
Equipment in general governmental service that had been acquired several years ago by a special revenue fund at a cost of $40,00
vivado [14]

Answer:

D. A credit to Other Financing Sources for $5,000.

Explanation:

As the equipment is used for governmental service and sold, the journal entry to record the disposal is as follows:

Debit    Cash                                                 $15,000

Debit    Accumulated Depreciation             $30,000

Credit                 Equipment                                      $40,000

Credit                 Gain on sale of equipment            $5,000

Calculation: Book value of equipment = Cost price - Accumulated depreciation = $40,000 - $30,000 = $10,000

Therefore, Gain on sale of equipment = Disposal value - Book value = $15,000 - $10,000 = $5,000.

Therefore, option A is correct. Option B is also correct. Option C is also correct. Therefore, option D is not correct and it is the answer as it will not include in the journal.

7 0
3 years ago
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