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3 years ago

When goodyear increases its production when michelin reduces its production, goodyear is playing a

Business

2 answers:

hram777 [196]3 years ago

8 0

Answer:

A. Non- cooperative game

Explanation:

Goodyear is playing a non-cooperative game.

A non-cooperative game is a game with competition between individual players, as opposed to cooperative games, and in which alliances can only operate if self-enforcing

Dmitry_Shevchenko [17]3 years ago

8 0

Answer: The correct answer is a) non-cooperative games.

Explanation: Non-Cooperative Games refer to the games in which the players decide on their own strategy to maximize their profit. Here, individual players do not cooperate and each form its own strategy.

Goodyear taking advantage of the reduction in production by Michelin is a good example of non-cooperative games.

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Beginning inventory, purchases, and sales for an inventory item are as follows: Sep. 1 Beginning Inventory 23 units $16 5 Sale 1

Allisa [31]

Answer:

(a) the cost of the goods sold for the September 30 sale and

COGS = $415

(b) the inventory on September 30.

Ending inventory = 9 units at $17 = $153

Explanation:

date transaction units unit price total

1 beginning inv. 23 $16 $368

5 sale -13 ($208)

17 purchase 24 $17 $408

30 sale -25 ($415)

30 ending inv. 9 $17 $153

When we use first in, first out (FIFO) inventory method, the price of the units sold are calculated using the oldest units in inventory.

The COGS of the units sold on Sept. 5 = 13 units x $16 = $208

The COGS of the units sold on Sept. 30 = (10 units x $16) + (15 units x $17) = $160 + $255 = $415

Ending inventory = 9 units at $17 = $153

4 0

3 years ago

In 1985, Alice paid $20,000 for an option to purchase ten acres of land. By paying the $20,000, she bought the right to buy the

nata0808 [166]

Answer:

Alice should exercise the option and pay $100,000 for the land.

Explanation:

As Alice has paid $20,000 for the option to acquire the land of ten acres.

In 1985, the worth of land was $120,000 but in 1992, the worth changed to $110,000. She should exercise the option because the inflation rate is the reason in the decrease in the worth of land. By buying the land, she can utilize the land by investing in it instead of holding the money as it will depreciate. By investing the money, she will get the profit and will increase in her wealth. Moreover, she can use other options by selling to another person after adding some value to the land and can get the profit.

8 0

3 years ago

Points out of 1.00 Not flaggedFlag question Question text From the lessee's perspective, in the first year of a lease,

Tasya [4]

Answer:

A) a finance lease will cause debt to increase, compared to an operating lease

Explanation:

3 0

3 years ago

Read 2 more answers

Determine the number of cycles per day and the production quantity per cycle for this set of vehicles: Product Daily Quantity A

PIT_PIT [208]

Answer:

The Number of cycles is 4

Product Daily Quantity Daily Unit per cycle

A 18 18/4 = 4.5 units

B 16 16/4 = 4 units

C 4 4/4 = 1 unit

D 16 16/4 = 4 units

3 0

3 years ago

Hitzu Co. sold a copier (that costs $7,500) for $15,000 cash with a two-year parts warranty to a customer on August 16 of Year 1

worty [1.4K]

Answer:

1.Warranty expense

$ 750

2.Estimated warranty liability

$ 750

3. Warranty Expense $ 0

Estimated warranty liability

$ 626

5. Hitzu Co. Journal entries

Aug 16

Dr Cash 15,000

Cr Sales 15,000

Aug 16

Dr Cost of goods sold 7500

Cr Merchandise inventory 7500

Dec 31

Dr Warranty expense 750

Cr Estimated Warranty liability 750

Dec 31

Dr Estimated warranty liability 124

Cr Repair part inventory 124

Explanation:

Warranty expense 5% of dollar sales

= 5% × $15,000 = $750.

The December 31, 2017, balance of the liability equals the expense because no repairs are provided in 2017. Therefore, the ending balance of the Estimated Warranty Liability account is $750.

The company should report no additional warranty expense in 2018 for this copier.

The December 31, 2018, balance of the Estimated Warranty Liability account equals the 2016 beginning balance minus the costs incurred in 2018to repair the copier:

Beginning 2016 balance $ 750

Less parts cost (124)

Ending 2018 balance $626

4 0

3 years ago

When goodyear increases its production when michelin reduces its​ production, goodyear is playing a

When goodyear increases its production when michelin reduces its production, goodyear is playing a