They gain some degree of power by means of differentiating their products from those of other firms in the industry. Remember that a monopolistic competition is the one where many firms selling products that are similar but not identical which is very different from oligopoly and the one known as imperfect competition
An organization is a consciously coordinated social unit composed of multiple people, that function with continuity toward a goal.
An organization is a group of human beings running collectively, consisting of community affiliation, charity, union, or business. The phrase company can be used to consult a group or corporation or the act of forming or organizing some thing.
An enterprise is a reputable organization of human beings such as a political birthday celebration, agency, charity or association. maximum of these vocational colleges are furnished by using volunteer companies. ... mentioned by the global labor enterprise. Synonyms: Synonyms for organizations, corporations, institutions, institutions, and agencies.
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Answer:
Explanation:
For recording of the journal entry, first we have to compute the tax payable amount which is shown below:
Pretax accounting income tax expense = pretax accounting income × tax rate
= $210,000 × 40%
= $84,000
Tax payable for taxable income = Taxable income × tax rate
= $155,000 × 40%
= $62,000
Now, the journal entry would be:
Income tax expense A/c Dr $84,000
To Income tax payable $62,000
To Deferred tax liability $22,000
(Being income tax expense recorded)
The remaining amount has come under deferred tax liability.
<span>In this situation coca-cola used what is called a market modification strategy. A market modification strategy is one that a company uses in order to increase use or consumption of a product or service that they offer. In this case, coca-cola was attempting to increase consumption of its product by selling it to a group that does not consume the common breakfast drink.</span>
It would be the Banking act of 1933; made so that banks would be unable to invest their money so that people would have more faith in them.
