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puteri [66]
3 years ago
13

Suppose that the government passes legisaltion that imposes a legal barrier to entry on the tree nursery industry and the number

of firms decreases. You would expect_____ in production differentiation and _____competition on product quality
Business
1 answer:
Aleks04 [339]3 years ago
6 0

Answer:

decline in production differentiation and ,less competition

Explanation:

One would expect a gradual decline in product differentiation. This is because the few firms left in operation do not have to seek innovative ideas to capture the market, since they are few and the chances that a new rival will emerge are minute owing to the legal barrier. There is the development of an oligopolistic competition on product quality since the number of producers left is low and there Is the barrier of new entrants, both of which are key characteristics of an oligopolistic competition.

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7 0
3 years ago
Darden Corporation uses the weighted-average method in its process costing system. The first processing department, the Welding
nexus9112 [7]

Answer:

$7.830

Explanation:

Calculation for the cost per equivalent unit for conversion costs for the month

First step is to compute for the Unit transferred out =

Unit transferred out = 21,400+101,000-34,000

Unit transferred out = 88,400

Second step is to compute for the Equivalent unit of conversion

Equivalent unit of conversion = 88,400+(34,000*70%)

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Last step is to compute for the Cost per equivalent unit of conversion

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Cost per equivalent unit of conversion = $7.830

Therefore the cost per equivalent unit for conversion costs for the month is closest to $7.830

5 0
3 years ago
On january 1, year 2, kincaid company's accounts receivable and the allowance for doubtful accounts carried balances of $31,000
Gala2k [10]

Answer:

$27,725

Explanation:

Given that,

kincaid company's accounts receivable = $31,000

Allowance for doubtful accounts at January 1 = $500

Wrote off receivables as uncollectible = $550

1% of credit sales

cash collections of receivables = $74,550

Accounts receivable:

= Accounts receivable at January 1 + Credit sales - Wrote off receivables as uncollectible - Cash collection of receivables

= $31,000 + $72,500 - $550 - $74,550

= $28,400

Accounts for Doubtful Accounts:

= Allowance for doubtful accounts at January 1 - Wrote off receivables as uncollectible + 1% of credit sales

= $500 - $550 + (0.01 × $72500)

= $500 - $550 + $725

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Net realizable value of receivables:

= Accounts receivable - Accounts for Doubtful Accounts

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Therefore, the net realizable value of receivables appearing on kincaid's year 2 balance sheet will amount to $27,725.

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Kisachek [45]

Answer:

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4 0
3 years ago
Read 2 more answers
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babymother [125]

Answer:

The most effective advertising is very expensive and, therefore, wasteful.

Explanation:

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Therefore options:

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Do not apply since the options do not consider the costs of advertisement.

The only option that considers the cost of advertisement is: The most effective advertising is very expensive and, therefore, wasteful. It refers to the high costs of effective advertisement, and it implies that the money is not used carefully.

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3 years ago
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