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SashulF [63]
3 years ago
7

Describe what a monopoly, a cartel, and a trust are. In a one paragraph response, compare and contrast the three.

Business
1 answer:
Anettt [7]3 years ago
8 0
Monopoly: possession or control of a supply or trade in service. (in other words a business with little to no competition. Not common in the US.)Cartel: association of manufacturers with purpose of setting prices high to restrict competition. 
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For four years, Marty Campbell invested $7,500 each year in Harley-Davidson. The stock was selling for $78 in 2014, $62 in 2015,
Arlecino [84]

Answer: $30,000

Explanation:

From the question, we are given the information that for four years, Marty Campbell invested $7,500 each year in Harley-Davidson.

The total investment of Marty in Harley-Davidson will be the amount that is invested each year multiplied by 4. This will be:

= $7,500 × 4

= $30,000

The total investment of Marty in Harley-Davidson is $30,000.

4 0
4 years ago
When a company implements its monthly S&OP process, the process should begin with: a. Developing and specifying the constrai
Kazeer [188]

Answer:

The answer is b. Determining the business planning vs financial objectives

Explanation:

Financial performance for the previous month is consolidated to provide inputs for analyzing the current month’s S&OP cycle. Actual costs are compared with budgets and forecasts to analyze forecast accuracy over a rolling time frame.

7 0
3 years ago
Lee Sun's has sales of $3,900, total assets of $3,600, and a profit margin of 5 percent. The firm has a total debt ratio of 41 p
sasho [114]

Answer:

The answer is 9.18 percent.

Explanation:

Return on equity = Net income(profit) / Total equity.

We need to find net profit and equity.

1. To find net income:

Profit margin = profit/sales

So profit = 0.05 x $3,900

= $195

2. To find asset:

Total debt ratio = total debt(liabilities)/ assets

Total debt = 0.41 x $3,600

Total debt(liabilities) = $1,476

Equity = Assets - liabilities

$3,600 - $1,476

= $2,124.

Therefore, return on equity is:

$195 /$2,124

0.0918

Expressed as a percentage

9.18 percent.

7 0
3 years ago
Which individual is responsible for ordering, preparing, and reviewing closing-related documents, such as the title policy and s
Ilia_Sergeevich [38]

The closing agent is responsible for ordering, preparing, and reviewing closing-related documents.

<h3>Who is a Closing agent?</h3>

This is a professional who deals in real estate transactions and acts a middle man between the buyer and the seller.

He ensures the transfer of the legal title is appropriately done by preparing and reviewing closing-related documents, such as the title policy and settlement statement.

Read more about Closing agent here brainly.com/question/20787805

#SPJ1

8 0
2 years ago
For the firm below, give a classification of which market structure it most accurately fits. Briefly justify your classification
poizon [28]

Answer: Perfect competition

Explanation:

The market structure for a small scale corn farmer is perfect competition. The characteristics of perfect competition include:

1. Large Number of Sellers and Buyers: In a perfect competition, there are large number of buyers and sellers in the market. Producers are price takers and the seller cannot influence the price. There are numerous people on the market that sells corn and no seller can influence price.

2. Homogenous Products: The products are identical. Corn looks thesame and cannot be differentiated.

3. Perfect information. There is perfect information about the prices of products and other necessary information regarding the products. There's a perfect information regarding the corns that are sold.

(4) Free entry and exit: There's free entry and exit as new sellers are free to come into the market. There's no obstacle in the market.

6 0
3 years ago
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