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Sergio [31]
3 years ago
5

When lofonift inc. introduced its flagship product, an mp3 player, it captured the market by offering its product at a very low

price. this gradually forced many of its competitors out of business. once its competitors were out of business, lofonift inc. raised the price. in this scenario, lofonift inc. most likely indulged in _____?
Business
1 answer:
Luda [366]3 years ago
7 0
PROFIT PERHAPS OR INCREASE IN SALES FOR THERE IS NO RIVALS ANYMORE AND HAVE TAKEN THEM OUT
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Identify the careers that require a college degree
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Except:
photographer..video equipment installer
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Equipment with a book value of $80,000 and an original cost of $164,000 was sold at a loss of $34,000. Paid $103,000 cash for a
jonny [76]

Answer:

Cash flows from investing activities is $653,200.

Explanation:

XYZ Company

Statement of cash flows (extract)

Proceed from sale of equipment ($80,000 - $34,000)               $46,000

Purchase of vehicle                                                                       $103,000

Proceed from sale of land                                                            $410,000

Proceed from sale of long-term investments in stock                 $94,200

Cash flows from investing activities                                        $653,200

8 0
3 years ago
Most global firms find it is better to have expatriates rather than local staff at the management positions of their foreign ope
pshichka [43]

Answer:A True most global firms find it is better to have expatriates rather than local staff at management positions to their foreign operations because expatriates require less training and development.

8 0
3 years ago
Which of the following information you may obtain from a client is the best example of qualitative information?A)Whether he has
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The amount of his monthly net cash flow  is the best example of qualitative information

The choice usefulness, decision model approach to accounting theory plays a significant supportive role in the utilization of qualitative traits or qualities required for information. The attributes that make the data supplied in financial statements valuable to users are referred to as qualitative qualities.

Fundamental qualitative traits that are desired in accounting information are produced by the demand for accounting information from investors, lenders, creditors, etc. Accounting information has six distinct qualitative traits.

To lean more about qualitative refer here:

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6 0
1 year ago
Jessie's business sells souvenirs and craft items to tourists in Myrtle Beach, South Carolina. This is an example of a ____ busi
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It should be noted that Jessie is into a Distribution business when she sells souvenirs and craft items to tourists in Myrtle Beach, South Carolina.

<h3>What is Distribution business all about?</h3>

Distribution in business can be regarded as an activity of both selling and delivering products and services from manufacturer to customer.

It often called product distribution and it helps to ensure that customers and all members of the distribution channel are happy.

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7 0
2 years ago
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