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3 years ago

How do monopolistic competitors try to make their products stand out?

Business

1 answer:

BlackZzzverrR [31]3 years ago

6 0

Answer:

They lower their prices.

Explanation:

As a monopoly is stablished then the next step is to reduce prices when competitors try to enter the market so they remain being the company with the biggest share of the market.

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During Year 5, Tedd Co. became involved in a tax dispute with the IRS. At December 31, Year 5, Tedd's tax advisor believed that

kkurt [141]

Answer:

$400,000

Explanation:

Since at December 31, Year 5, Tedd's tax advisor believed that an unfavorable outcome was probable. And a reasonable estimate of additional taxes was $400,000 but could be as much as $600,000.

Although after the Year 5 financial statements were issued, Tedd received and accepted an IRS settlement offer of $450,000.

Tedd should have included an amount of $400,000 as accrued liability in its December 31, Year 5 balance sheet

The reason is that according to the International Financial Reporting Standards, a PROVISION must be made as long as the conditions below were obtainable at year end.

- Existing Condition (which in this case is the tax dispute with the IRS)

- Probable Cash Outflow (which Tedd's Tax adviser confirmed)

- Reliable Estimate of Outflow ( which the scenario stated ''A reasonable estimate of additional taxes was $400,000'')

Hence, such 'reasonable estimate is the appropriate amount for inclusion in the financial statements.

5 0

3 years ago

What is the difference between a national bank and a state bank?

Daniel [21]

All national banks must be members of the Federal Reserve System, while state banks can join if they wish

3 0

3 years ago

The Most recent financial statements for Moose Tours, Inc., appear below. Sales for 2016 are projected to grow by 20 percent. In

Aneli [31]

Answer:

$5,006.07

Explanation:

The external financing needed = Projected Increase in Assets - Increase in Liabilities - Increase in Retained Earnings

Projected Increase in Asset = Assets Value*Sales Growth Rate

Projected Increase in Assets = $364,720 * 20%

Projected Increase in Assets = $72,944

Increase in Liabilities = Liabilities * Sales Growth Rate

Increase in Liabilities = $69,600 * 20%

Increase in Liabilities = $13,920

To calculate the Increase in Retained Earning, the below calculations are needed:

a. Profit Margin Rate = Net Income / Sales * 100

Profit Margin Rate = 75,000 / 751,000 * 100

Profit Margin Rate = 9.99%

b. Dividend Payout Ratio = Dividend / Net Income * 100

Dividend Payout Ratio = 30,000 / 75,000 * 100

Dividend Payout Ratio = 0.4

Dividend Payout Ratio = 40%

Retention Rate = 1 - Dividend Payout Ratio

Retention Rate = 1 - 0.40

Retention Rate = 0.60

Retention Rate = 60%

c. Expected Sales = $751,000 * 1.20 = $901,200

So, the Increase in Retained Earning = Expected Sales * Profit Margin * Retention Rate = $901,200 *9.99% * 60% = $54,017.93

Therefore, External Fund Needed = $72,944 - $13,920 - $54,017.93 = $5,006.07

3 0

3 years ago

Ruth wants to calculate the present value of a sum of money that she will receive after the demise of her grandparents. to calcu

MatroZZZ [7]

To calculate the present value. she should use the DISCOUNTING METHOD.
The discounting method is a valuation technique that is used to calculate the value of an investment opportunity. The method uses cash flow projections that does not take the future into consideration and discount them to get the present value estimates.

7 0

3 years ago

Which of the following statements about Hfr cells and bacterial conjugation is false? An Hfr cell becomes an F- cell if its inte

Basile [38]

Answer:

An Hfr cell becomes an F- cell if its integrated F plasmid is excised.

Explanation:

In a typical bacteria chromosome movement by the cells of the high-frequency recombination, there is the movement of a segment of the genome of the specific bacterial. It is also unlikely for the complete movement of the conjugate. Therefore, based on all the available options in the problem above, the false statement is the first option.

6 0

3 years ago