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svet-max [94.6K]
3 years ago
6

BigBox and CheapStore are the only two firms in a market. Each firm must decide whether to price high or price low. The payoffs

from each strategy combination are shown to the right long dash in millions of dollars. The first number in each pair is​ BigBox's profit; the second is​ CheapStore's profit. For​ BigBox, the dominant strategy in this game is to ▼
Business
1 answer:
Papessa [141]3 years ago
8 0

I would need to see the chart but if BigBox has more, it would be they are the dominant, and same for CheapStore. basically, whoever has more revenue (money production) will have the dominant strategy.

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North Bank is analyzing Belle Corp.'s financial statements for a possible extension of credit. Belle's quick ratio is significan
Arlecino [84]

Answer:

A) Fluctuating market prices of short-term investments may adversely affect the ratio.

Explanation:

The quick ratio (or acid test) measures a company's ability to pay short term liabilities using its liquid assets. usually the best quick ratio is 1, because it means that your liquid current assets cover completely your current liabilities.

There are two formulas to calculate the quick ratio:

  • quick ratio = (cash + marketable securities + accounts receivables) / current liabilities
  • quick ratio = (current assets - inventory - prepaid expenses) / current liabilities

The quick ratio includes the value of short term investments, and any fluctuation in their price may affect the ratio.

4 0
3 years ago
In the united states about ________ of all jobs are in consumer services.
gregori [183]
<span> 50 percent

Hope this helps!</span>
4 0
3 years ago
Nelson Ovalles worked as a cable installer for Cox Rhode Island Telecom, LLC, under an agreement with a third party, M&amp;M Com
OLEGan [10]

Answer:

a. Is Cox liable to Cayer?

No

b. Are independent contractors the same as employees?

No

c. What is the difference?

Ovalles cannot be considered Cox's employee because Cox didn't control the performance of Ovalles and didn't have contact with him.

Independent contractors are not covered by labor and employment laws, and they are responsible for paying their own taxes, including self-employment taxes. A contractor does not work on a salary basis, their work and pay must be specified in a contract.

Explanation:

This is an actual court case where the Supreme Court of Rhode Island ruled in favor of Cox Communications in February, 2014.

The court ruled that Ovalles was an employee for M&M, and that M&M had an independent contractor relationship with Cox Communications. Additionally, Ovalles was also an independent contractor for M&M, not an employee. There existed no direct relationnship between Cox and Ovalles.

Even though Ovalles and other independent contractors use both Cox's and M&M's logos on their vans and uniforms, this was done so consumers could identify them. The fact that an identification is needed so customers can determine the function of a technician, doesn't imply that those technicians are actually employees of the firm nor they actually a method of control over the technicians.

Since Cox didn't control the performance of Ovalles and didn't have contact with him, then there was no reason to consider him an employee of Cox.

The plaintiff, Barbara Cayer probably made a mistake when it included Cox in the lawsuit (since it is a large company), and she would have had a better case against M&M because that company did have control over Ovalles's performance and did have contact with him. But since M&M was a much smaller firm, they decided to go after the big fish. Later they tried to include M&M into the lawsuit but it was rejected since the Supreme Court had not made their ruling yet.

8 0
3 years ago
The term trompe l'oeil refers to work that
agasfer [191]
The term trompe l'oeil refer to work that misleads or deceives someone. 
6 0
3 years ago
On July 1, Sterns Co. acquired patent rights for $36,000. The patent has a useful life of 6 years and a legal life of 15 years.
Komok [63]

Answer:

Dr Amortization Expense $3,000

Cr Patents $3,000

Explanation:

Preparation of the journal adjusting entry on December 31 to recognize the amortization.

Dec. 31

Dr Amortization Expense $3,000

Cr Patents $3,000

(To record Amortization)

Amortization=(Patent rights/Useful life)*6/12

Amortization=($36,000/6)*6/12

Amortization=$3,000

(July 1 to Dec 31 =6months)

8 0
3 years ago
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