The market share of the business in 2015 is <u>5%</u>.
<h3>What is market share?</h3>
The market share of a business is the portion or percentage of total market size that it controls. For instance, the business in question has 5% market share. This implies that it controls only a small portion of the market where it sells its products.
<h3>Data and Calculations:</h3>
Sales in 2014 = £108,000
Fall of sales in 2015 = 10%
Sales in 2015 = £97,200 ($108,000 x (1 - 10%)
Total market size in 2015 = £1,800,000
The business's market share in 2015 = 5.4% (£97,200/£1,800,000 x 100)
Thus, the market share of the business in 2015 is <u>5%.</u>
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Answer:
households act in their own best interests.
Explanation:
Economic Decision-Makers includes the Households, Firms, Governments, and the Rest of the World. Economic decision-making is the means or process of selecting which needs and wants that should be satisfied. The factors that determines what is produced are Resources available and consumer preferences and the factors that determines what is purchased are consumer preference and price.
The Households demand for goods and services will lead to what the industries produces. Households are seen as rational because they try to act in their upmost best interests and not what will make them sad.Utility maximization is dependent on household's subjective goals.
Answer:
There is a change of $27,500 (decrease)
Explanation:
Cash realizable value is the amount of money that the company expects to receive from their accounts receivable after deducting all uncollectible accounts.
First, we must compute the change in gross accounts receivable from the transactions happened during the year.
Sales on account less collections less write-offs = change in Gross accounts receivable.
$866,000 - ($522,000 + $42,500) = $301,500 (increase in gross accounts receivable)
Finally, we can now compute the change in cash realization value by deducting uncollectible accounts to gross accounts receivable.
$301,500 - $329,000 = ($27,500)
Answer:
Correct answer:
b) lower prices for consumers and producers
Explanation:
In United States of America, food is one of the fundamental things which the government guarantee its citizens. Most agricultural products are subsidized by the government both for the farmers (producer) and the citizens (consumers).
<em>The subsidy for the producer could be inform of payment of incentive, giving out agricultural implements and grants. On the other-hand, the subsidy to the consumer could be inform of reduced price of the agricultural food crops.</em>
Answer:
False.
Explanation:
Financial statements are a representation of the financial position of a business entity at any given point in time.
The statements of cash receipts and disbursements meets the GAAP requirements of accrual accounting because this is the basis for which other financial statements are formed. For example if we receive a product from a vendor and issue an invoice to him. The invoice represents an unpaid accrual (account payable) and will go into other financial statements as a liability against the business.
So the statement above is false.
