Answer:
<em>Battle of the Forms</em>
Explanation:
<em>Two individuals intending to contract, but offering different form contracts, making it difficult to conclude as to the terms of the contract, or to determine whether a contract existed.</em>
In situations in which separate contracts are generally exchanged on offer and acceptance, the court leaves the court to resolve a battle of the contract in the event of a dispute.
Robert has a passion for making ice cream. Assume that ice cream parlors have a market structure of monopolistic competition. Between the local Amy's, Cold Stone Creamery, Marble Slab, Ben & Jerry's, and Baskin Robbins, he has an uphill battle to break into the local ice cream market-
<u>Robert differentiate his ice cream shop, JubJub's, -BY OPENING IT IN "The Triangle</u><u>" area(where the elementary,middle school and the high school are less than 5 minutes away)</u>
Explanation:
The main characteristic of a Monopolistic market are:-
- Their exist many firms in the market.
- The products sold by the firms are similar in nature not identical.
- The firm are free to enter and exit the market.
- The firms have little power to increase their prices.
So considering the above option the only valid choice left with Robert to differentiate his ice cream shop, JubJub's is that he opens his shop near <u> "The Triangle</u><u>" area (where the elementary,middle school and the high school are less than 5 minutes away)</u>
Answer:
Price discrimination
Explanation:
Price discrimination is charging customers differently for the same product.
Price discrimination is a type of selling strategy where customers are charged for same goods and services. The seller charges based on what they think that the user is likely to pay.
Answer:
1.- Without Retrospective effect
2.- No as it comes from a change in estimations not an accounting error.
3.- yes. It will give a full explanation about the reasons to extend the useful life.
4.- Depreciation expense for 2021: 60,000
Explanation:
1.- The change in the useful life does not represent an accounting error. It comes from the estimation process.
800,000 - 160,000 x 2 = 480,000 book value at beginning 2021
480,000 / 8 new useful life = 60,000 depreciation per year.
