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3 years ago

In which industry is monopolistic competition most likely to be found?

Business

1 answer:

IceJOKER [234]3 years ago

6 0

Retail trade industry is monopolistic competition most likely to be found

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Gerritt wants to buy a car that costs $31,000. The interest rate on his loan is 5.67 percent compounded monthly and the loan is

gregori [183]

Answer:

$594.57

Explanation:

For computing the monthly payment we need to apply the PMT formula i.e to be shown in the attachment below:

Given that,

Present value = $31,000

Future value or Face value = 0

Rate = 5.67% ÷ 12 months = 0.4725

NPER = 5 years × 12 = 60 years

The formula is shown below:

= PMT(RATE;NPER;-PV;FV;type)

The present value come in negative

So, after applying the formula, the monthly payment is $594.57

5 0

3 years ago

what are five ways you can make sure the customers experience is the best that can possibly turn them into a loyal customer?

DanielleElmas [232]

Answer:

Here is 6 ways

Explanation:

1. Set up ways to communicate with your customers

2. Provide extra perks for your most loyal customers

3. Consider different payment plans

4. Provide great customer service

5. Don’t rely too much on technology

6. Offer a head start

8 0

2 years ago

Prist Co. had not provided a warranty on its products, but competitive pressures forced management to add this feature at the be

Naddika [18.5K]

Answer:

Event 1:

Debit Warranty expense for $8.416.

Credit Warranty liability $8,416.

Event 2:

Debit Warranty liability for $8,416.

Debit Warranty expenses for $11,484.

Credit Cash for $19,900.

Explanation:

Estimated warranty liability = $4,208,000 * 0.2% = $8,416.

Excess of actual and over extimated warranty liability = $19,900 - $8,416 = $11,484

The journal entries will look as follows:

Details Dr ($) Cr ($)

Warranty expense 8.416

Warranty liability 8,416

(To record the estimated warranty liability).

Warranty liability 8,416

Warranty expenses 11,484

Cash 19,900

(To record actual warranty cost).

8 0

3 years ago

g . Kings Donut Inc common stock sells for $39.86 a share at a market rate of return of 9.5%. The company just paid its annual d

Simora [160]

6.29% is the rate of growth

Explanation:

The following formula is used

Price = D1 / ke -g

39.86 = 1.2 multiply with (1 + g) / 0.095 - g

3.7867 – 39.86 g = 1.2 + 1.2 g

2.5867 = 41.06 g

Now, we have to calculate the value of g

g = 2.5867 divide 41.06

= 0.0629

= 6.29 %

Where:

G = growth, ke = market rate of return, D1 = dividend ( annual), P = price of the share of company

7 0

3 years ago

According to behavioral economics, consumers A. always behave rationally because they take into account monetary costs and nonm

FromTheMoon [43]

Answer:

E. do not always behave rationally because they are overly optimistic about their future behavior.

Explanation:

Behavioral economics is the study of irrational economic decisions from people's behavior.

Behavioral economics includes the people's emotional framework to make choices beyond the rational choice theory, which states that a rational person is not moved by emotions and social factors to choose the option that maximizes their satisfaction.

To be overly optimistic about your future behavior is biased from social factors and it is a behavior that could be understood from the human emotional framework.

7 0

3 years ago

Read 2 more answers

In which industry is monopolistic competition most likely to be​ found?

In which industry is monopolistic competition most likely to be found?