A business partnership is a specific kind of legal relationship formed by the agreement between two or more individuals to carry on a business as co-owners. A partnership is a business with multiple owners, each of whom has invested in the business.
Cheaters in cartels make more profit when the other cartel members keep their promises. Thus, option D is correct.
<h3>What are Cartels? </h3>
A cartel is a group of separate companies or social groups that combine to fix prices on goods or services. Within the same sector, cartels compete and work to lessen that rivalry by setting prices in accordance with themselves.
A cartel is an entity with no ethics, which means it often includes cheaters who tend to earn more money than the ones who keep promises. Therefore, option A is the correct option.
Learn more about cartels, here:
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The question is incomplete, the options are:
A)more; break
B)less; keep
C)zero; break
D)more; keep
Answer:
Marginal cost, average variable cost, and average total cost will increase. Average fixed cost will not change.
Explanation:
Marginal Cost is the change in total cost as a result of producing one extra unit of output.
Variable cost is cost that varies with output level. Average variable cost = variable cost / quantity produced
Fixed cost is cost that doesn't vary with the level of output produced. Average fixed cost = Fixed cost / quantity produced.
Total cost is the sum of fixed and variable cost. average total cost is total cost / quantity produced.
If the price of supplies increase, the cost of production increases and average total cost, average variable cost and marginal cost would increase.
Fixed cost would remain the same.
I hope my answer helps you
Answer:
Explanation:
a. General Journal
1
Dr Cash $27,500
Cr Common Stock $27,500
2
Dr Merchandise Inventory $22,000
Cr Cash $22,000
3
Dr Cash $ 30,500
Sales $ 30,500
4
Dr Cost of goods sold $ 15,600
Merchandise Inventory $ 15,600
c)
Income Statement
For the year ended December 31,Year 1
Sales $ 30,500
Cost of good sold $ 15,600
Gross Margin $ 14,900
d)
Cash Flow from Operating Activities:
Purchase of Inventory ($22,000)
Cash Sales made $ 30,500
Cash Flow from Operating Activities $8,500
Answer: e) lower wage costs
Explanation: Reduction in the size of the workforce always have an immediate positive result or outcome in the case of lower wage costs. Companies who tend to cut employees and don't restructure experience stress reactions among their employees that can lead to increased sickness absences, lower concentration on the job, and lower creativity. But reduction in wages tend to have positive effects on the company.
