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Wittaler [7]
3 years ago
13

In​ _______, there are generally only a few large suppliers or sellers of a product or service.

Business
1 answer:
Troyanec [42]3 years ago
8 0
There are four types of market structures namely; perfect competition, monopoly, monopolistic competition and oligopoly. Perfect competition is where large number of small firms  compete with each other with a homogeneous product. In a monopoly market there is only one producer of a given product who determines the price of the product. In monopolistic competition the market combines the aspect of monopoly and perfect competition. In this case, In Oligopoly there are a few suppliers or sellers of a particular product.
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Gross Corporation adopted the dollar-value LIFO method of inventory valuation on December 31, 2013. Its inventory at that date w
Murrr4er [49]

Answer: $603,500

Explanation:

Ending inventory in 2014;

= Ending inventory balance 2013 + ((\frac{Inventory current price 2014}{Price index 2014} * 100) - ending inventory 2013)) * Price index 2014/100

= 550,000 + ((\frac{642,000}{107}* 100) - 550,000)) * 107/100

= $603,500

3 0
3 years ago
In 2020, Neighbor Co-Op Inc. sells 1,000 beverages in glass bottles and receives a $1.00 deposit for each returnable bottle sold
strojnjashka [21]

Answer:

a.

Date                      Account Title                                    Debit                Credit

Dec, 31. 2020       Cash                                              $1,000

                             Customer Deposits                                                  $1,000

b.

Date                      Account Title                                    Debit                Credit

Dec, 31. 2020       Customer deposits                          $800

                             Cash                                                                         $800

c.

Date                      Account Title                                    Debit                Credit

Dec, 31. 2020       Customer deposits                          $120

                             Breakage Revenue                                                   $120

                            Cost of goods sold(0.8 * 120)         $  96

                            Inventory                                                                   $  96

7 0
3 years ago
Describe a real or made up but realistic example of a product that went through a time of scarcity, when demand was greater than
Rasek [7]

Answer:

An example of a product going through scarcity is when heavy rainfall and flooding destroy crops  because of which their supply is decreased, and because of this shortage their prices sky rocket or increase very fast.

Explanation:

7 0
3 years ago
Read 2 more answers
A recent study found that the death rate for people who sleep 6 to 7 hours per night is lower than the death rate for people who
vaieri [72.5K]

Type of employment, indicator for chronic illness, drug, or alcohol use these variables are likely useful to add to the regression to control for important omitted variables.

What is sleep pattern?

The word sleep pattern, commonly referred to as a sleep-wake pattern, refers to a person's schedule for going to bed and getting up as well as their napping habits. The frequency and length of sleep disruptions may also be part of the sleep pattern.

Type of employment, Chronic illness and drug/alcohol use they ought to be included in regression since they disturb sleep patterns.

As a result, option (a) Type of employment. (b) Indicator for chronic illness. (c) Drug or alcohol use is correct.

Learn more about on sleep pattern, here:

brainly.com/question/25287169

#SPJ1

3 0
2 years ago
Projects often include indirect costs that are necessary to keep the organization running, but are not associated with one speci
Sedbober [7]

Answer:

The correct answer is:

executive salaries, utilities and insurance (C.)

Explanation:

Indirect costs are  costs that are not directly attributable objectively to a good, project, facility or service. Indirect costs are either fixed or variable. Fixed indirect costs are costs that do not change as the units/volumes of production  change, while variable indirect costs are costs that change with change in production units. Indirect cost can also be classified as either recurring or fixed. Recurring indirect costs are those that are repeated in nature, example is salaries of laborers, while fixed indirect can be cost of transportation. In this example, executive salaries, utilities and insurance are not directly attributable to a specific project at hand; the executives do not partake in the project hands-on, insurance and utilities such as electricity rent are not project-specific and it is financially infeasible to do so.

On the other hand, direct costs are costs that are directly attributable to the object, and it is financially feasible to do so, hence travel cost, labor, consultant and subcontractors costs, and material costs are all directly linked to the project (object).

3 0
3 years ago
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