Is called collusion
It's actually price collusion to be precise ( not to be mistaken for the crime collusion)
Often time, to attract customers, sellers will offer a lower price than their competitor. Though it may attract more customer, it will lower their profit.
In price collusion, all sellers is guaranteed to have same product price and profit margin, creating a perfect competition market for that product
Answer:
$113,200
Explanation:
Data provided
Cost of goods sold = $101,000
Increase in Inventory = $8,100
Decrease in Accounts payable = $4,100
The calculation of Adjusted cost of goods sold is shown below:-
Adjusted cost of goods sold = Cost of goods sold + Increase in Inventory + Decrease in Accounts payable
= $101,000 + $8,100 + $4,100
= $113,200
Therefore for computing the adjusted cost of goods sold we simply applied the above formula.
Economy comes from the Greek words household and manage which basically mean a are where production , distribution , or trade and consumption of goods and services by different agencies in a given location.
Answer:
a. submitted to the next higher managerial level.
Explanation:
IMA states the following standards of conduct in management accounting: competence, confidentiality, integrity and credibility.... Confidentiality entails accountants to divulge information only at the behest of their supervisor. Integrity forbids managers to engage in unethical behavior. Once an issue can't be resolved the standard procedure is to move a step up the ladder for further assistance.
