I believe the answer is: B. <span>businesses making the same product agree to limit production.
In a monopoly, only one single business exist that control the production of a certain goods in the market.
For cartel, there are a lot of established businesses with different ownership, but they agreed to control their production in order to maintain the price level in the market.
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Answer:
1.33
Explanation:
Data provided in the question:
Cash = $14,000
Marketable securities = $8,000
Account receivable = $34,000
Current liabilities = $42,000
Now,
Acid Test Ratio
= (Cash + Marketable securities + Account receivable) ÷ Current Liabilities
= ( $14,000 + $8,000 + $34,000 ) ÷ $42,000
= $56,000 ÷ $42,000
= 1.33
Answer:
A. Country B has a comparative advantage producing copper.
Explanation:
Comparative advantage is the capability of a firm or country to produce a good or service at a lower opportunity cost than rivals. It implies the country uses fewer resources to produce that commodity. Comparative advantage enables a country to have a higher output while using the same inputs as its competitors.
Country B can produce 400 tons of copper, while country A ability is 300 tons. Country B uses labor and materials more efficiently in copper production; hence it has a comparative
<span>Answer : Chart of accounts
Explanation:
A chart of accounts (COA) is a created list of the accounts used by an organization to define each class of items for which money or the equivalent is spent or received. It is used to organize the finances of the entity and to segregate expenditures, revenue, assets and liabilities in order to give interested parties a better understanding of the financial health of the entity.</span>
A mortgage is an example of voluntary debt - that is, debt a person or business creates in good faith and not under duress.
Mortgages are a sort of loan that can be used to buy or keep up a house, land, or another piece of real estate. The borrower agrees to make periodic payments to the lender, usually in the form of a series of regular instalments that are split into principal and interest. The property then acts as security for the loan.
Applying for a mortgage requires a borrower to make sure they meet a number of standards, including minimum credit ratings and down payments. Prior to closing, mortgage applications go through a thorough underwriting procedure. The borrower's needs will determine the different mortgage options, such as fixed-rate and conventional loans.
Learn more about mortgages here:
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