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sveticcg [70]
3 years ago
15

Hot Wok Cuisine is a premium Asian restaurant chain that differentiates itself from a large number of competitors by providing e

xclusively organic Chinese cuisine. It has some pricing power because it provides differentiated products and therefore, has some entry barriers in place. In this scenario, Hot Wok Cuisine is most likely operating in a(n) Multiple Choice oligopoly. monopoly. monopolistically competitive industry. perfectly competitive industry.
Business
1 answer:
aleksley [76]3 years ago
5 0

Answer:

monopolistically competitive industry.

Explanation:

this Asian restaurant is likely operating a monopolistically competitive industry. This kind of market structure is a combination of monopoly and competitive market. as it offers products and services which one similar. Also the question says that it has some barriers to entry, which is a characteristic of monopolistically competitive industry. Also goods are similar but not differentiated

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Southwest Pediatrics has the following balances on December 31, 2021, before any adjustment: Accounts Receivable = $116,000; All
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Answer:

Bad Debt expense = Allowance for uncollectible debit + (Estimated uncollectibles)

= 1,900 + (15% * 116,000)

= $‭19,300‬

1.

Dec. 31 DR Bad debt expenses                                  $19,300    

                   CR Allowance for Uncollectable                            $19,300

2. Balance Sheet;

= 116,000 * 15%

= $‭17,400‬

Income Statement;

= $19,300

3. Net realizable value

= Accounts receivable - Estimated uncollectibles

= 116,000 - 17,400

= $‭98,600‬

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BlackZzzverrR [31]

Answer:

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Explanation:

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ANTONII [103]

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