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3 years ago

The NCAA operates as:

Business

2 answers:

lesantik [10]3 years ago

6 0

Answer:

The correct answer is letter "C": An incidental cartel.

Explanation:

A cartel is a group of companies or countries that act together to control the prices of a specific market acting mostly like monopolies or monopsonies. Cartels decide also what the level of output will be, how revenues will be distributed and set barriers for entry to competitors. Cartels are illegal in the United States.

The National Collegiate Athletic Association or NCAA is a group of different schools that have gathered to rule intercollegiate athletics. <em>Incidentally</em>, the NCAA works as a cartel but they are different from them because their initial goal when it was formed was not to monopolize the industry.

Nana76 [90]3 years ago

5 0

Answer:

d. An administrative liaison between collegiate amateur and professional sports.

Explanation:

The NCAA stands for National Collegiate Athletic Association.

The core function of the body is to ensure that competition in a fair and safe, equitable and in good spirit. The NCAA also functions to integrate intercollegiate athletics into higher education.

In a nutshell, the NCAA ensures or encourages a blend of sports and education in an equitable mannner.

The right answer is d. An administrative liaison between collegiate amateur and professional sports.

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Ronch [10]

Free enterprise means people can run their business in the way they see fit.

In a free enterprise system, the products and services offered and the prices they are sold at are totally controlled by competition, supply and demand in the market and not controlled by government regulations.

8 0

3 years ago

What must audit firms do to perform financial statement audits for public companies? a. Register with the Public Company Account

TEA [102]

Answer:

a. Register with the Public Company Accounting Oversight Board.

Explanation:

As per the standards of Auditing an auditor has to be registered as an public accounting firm, and then only it can perform audit for public companies.

For this, it has to be registered with PCAOB United States.

where, PCAOB stands for Public Company Accounting Oversight Board.

Therefore, correct option is a.

8 0

3 years ago

A company's inventory balance at 12/31/16 was $191,600 and $204,000 at 12/31/15. its accounts payable balance at 12/31/16 was $8

Ahat [919]

Company
Dec. 31. 2016
Assets
Cash- $191,600

Dec. 31. 2015
Assets
Cash- $204,000

Goods sold for 2016- $724,000

Liabilities
Dec. 31.2016
Accounts Payable- $88,000

Liabilities
Dec. 31. 2015
Accounts payable- $83,600

In order to find the company's total amount of cash payments for 2016, you find the minus the previous assets with the new assets..
Ex. $191,600 - $204,000 = -12,400

Then minus your answer with Goods Sold in 2016
Ex. $724,000 - $12,400 = $711,600

Then, minus the pervious amount of Accounts payable with the new Accounts Payable
Ex. $88,000 - $83,600 = $4,400

New payments for 2016-
Ex. Add $88,000 + $83,600 = $171,600

Then, $171,600 - $4,400 = $167,200

Thus, $167,200 equals the company's total amount of cash payments 2016.

3 0

3 years ago

Cali Communications reported the figures from its adjusted trial balance and from its multi-step income statement for its first

victus00 [196]

Answer:

The preparation is presented below:

Explanation:

The preparation of the retained earnings statement for the year ended July 31, 2018 is presented below:

Cali Communications'

Retained Earning statement

For the year ended July 31, 2018

Beginning balance of retained earning $0

Add: Net income $5,150

Less: Cash Dividend paid -$0

Ending balance of retained earning $5,150

6 0

3 years ago

Why is project management so important in any field?

Masteriza [31]

Project management is important because it ensures proper expectations are set around what can be delivered, by when, and for how much. ... Effective project managers should be able to negotiate reasonable and achievable deadlines and milestones across stakeholders, teams, and management.

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3 years ago