The marginal revenue curve of an oligopolist begins to decline after 500 units of output. Which type of oligopoly does Sweezy's company most likely operate under?
A market system known as an oligopoly occurs when a small number of important sellers or manufacturers dominate a market or an industry (from the Greek words oligos, "few," and v, polein, "to sell"). The result of corporate cooperation to boost profits is typically oligopoly. Numerous industries have been identified as being oligopolistic, including commercial aviation, power providers, telecommunications companies, rail freight markets, food processing, funeral services, sugar refining, beer production, pulp and paper manufacture, and auto manufacturing. Because of the decreased competition, consumer prices would increase and labour earnings will decrease.
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Answer:
$92,000
Explanation:
Calculation for By how much is retained earnings reduced by the property dividend
Using this formula
Reduction in Retained earnings=(Boxer stock outstanding/Declared property dividend )×King stock market price)
Let plug in the formula
Reduction in Retained earnings=(46,000/10 shares ) x $20
Reduction in Retained earnings= $92,000
Therefore By how much is retained earnings reduced by the property dividend is $92,000
When does accrual basis accounting record a transaction? When under new ownership.
Answer:
Cost of goods sold.
Explanation:
Equity method in accounting is the process by which profits and losses of a company are allocated on the basis of investments made in it. Take for example a parent company has a 40% stake in a subsidiary. When the subsidiary makes profit or loss the parent company recieves a share.
The investor is usually referred to as an associate or affiliate and usually own 20-50% of voting shares in the company. Therefore the equity method is used and not the cost method.
To account for unrecognised intra-entity profit a credit will be passed to cost of goods sold.
Answer:
"an intermediary instrument or system used to facilitate the sale, purchase, or trade of goods between parties" but in my own words it is the price of a menimum wage between 2 or more people
