The place to which someone or something is going or being sent.
Answer:D
Explanation: A perfect competition is characterised by identical product and no barriers to entry. Products are perfect subsistuites.
The HHI index is used to measure the market power and therefore concentration of firms in the market.
An index less than 1000 indicates the firm isn't concentrated
An index between 1000-1800 indicates moderate concentraruon
An index of over 1800 indicates high concentration
An oligopoly is when there are a few numbers of firms in a market that are interdependent.
Answer:please see below for answes
Explanation:
1. Several individuals operate the cash register using the same register drawer--- Weak Internal control --- Establishment of responsibilities is violated.
2. A monthly bank reconciliation is prepared by someone who has no other cash responsibilities-----Good---The procedures follows independent internal verification.
3. Joe Cockrell writes checks and also records cash payment entries.-----Weak Internal control ------Segregation of duties is violated
4. One individual orders inventory, while a different individual authorizes payments.---- Good---- The procedures follow the Segregation of duties .
5. Unnumbered sales invoices from credit sales are forwarded to the accounting department every four weeks for recording.---- Weak-----The procedure here does not follow good documentation and procedures.
----Internal controls are measures laid out by companies to ensure its employees are compliant in following set regulations and standards to ensure financial reports are not manipulated and promoting effective operations in order safeguard it's assets from unauthorized use or theft.
Some internal controls include Segregation of duties, documentation procedures, proper authorization, establishment of responsibilities etc.
Answer:
b.the net income (net loss) for the period
Explanation:
The owner's capital account is an account that records the proprietor's stake in the business. It shows the current value of the business assets. The owner's capital account is also called an equity account. An increase or decrease in capital or assets is recorded in the account.
If the business generates a profit, the owner's equity increases, a loss reduces owners' assets. At the end of the period, the business has to prepare an income statement showing the net gain or loss. The gain or loss will be posted on the owner's capital account.
Answer:
b. 3 percent.
Explanation:
Real interest rate is nominal interest rate less expected inflation rate.
Real interest rate = nominal interest rate - expected inflation rate
8% - 5% = 3%
I hope my answer helps you
