Answer: B
Explanation: A cartel is a group of apparently independent producers whose goal is to increase their collective profits by means of price fixing, limiting supply, or other restrictive practices. Cartels typically control selling prices, but some are organized to force down the prices of purchased inputs. Antitrust laws attempt to deter or forbid cartels. A single entity that holds a monopoly by this definition cannot be a cartel, though it may be guilty of abusing said monopoly in other ways. Cartels usually arise in oligopolies industries with a small number of sellers and usually involve homogeneous products.
Answer:
D. contra-asset, credit
Explanation:
An allowance for doubtful accounts is a contra-asset account with credit balance that nets against the total accounts receivables presented on the balance sheet to reflect those which are expected to not be collectible.
The allowance for doubtful accounts impact on the income statement only when is a charge to bad debt expense when is initially recorded. When an account receivable is written-off against the allowance for doubtful accounts only impact the balance sheet.
Using an adjustable wrench can save time when you are working with different types of sizes of nuts/bolts.
No we will not follow you on social media this is an app for educational purposes only please remove and ask for something else
Answer: Option (c) is correct.
Explanation:
Given that,
Economy is in a recession and in this situation government wants to increase the output.
Multiplier = 2.5
Government increases spending by 200 then,
Output increase by:
= Multiplier × Increase in Government spending
= 2.5 × 200
= 500
Therefore, output increase by 500.