Answer:
B. Purchasing inventory on account
Explanation:
The Purchase of inventory on account is not recorded when the cash basis of accounting is recorded but where as it is recorded when accrual basis of accounting is used.
B seems like the most reasonable
Answer:
The correct answer is:
90 (b.)
Explanation:
A concentration ratio is the ratio of the combined market shares percentage held by the largest specified number of firms, compared to the given market size. The concentration ratio ranges from 0% to 100%. If the concentration ratio of an industry ranges from 0% to 50%, that industry is said to be perfectly competitive if the top 5 firms have a concentration ratio of 60% or more, oligopoly is said to occur, and if the competition ratio of one company is 100% it shows monopoly.
In our example, the concentration of the largest four market segments are:
35%, 30%, 15% and 10%
Therefore, the four firm market concentration ratio = 35 + 30 + 15 + 10 = 90
<u>Answer: </u>Supply decreases and the supply curve has shifted upwards.
<u>Explanation:</u>
Equilibrium price is the place where the supply and demand curves meet. It is the balance point above the point creates surplus and below the point creates shortages.Surplus occurs when the prices are lowered to increase the sales. When there is a shortage the prices will increase to make benefit out of the situation and meet high demand.
When the supply and demand curves shift upwards it affects the price and quantity. The equilibrium price of the product will increase and the quantity falls.
Answer:
c) this approach is more consistent with cost-volume-profit analysis.
Explanation:
The absorption costs does not separate the fixed costs and variable cost for profit determination.
This hence, is not adequate for internal purposes of as it does not provide management accountants of the changes in fixed and variable costs that arise as a result of changes in levels of sales demand.
Thus this method is not consistent with cost-volume-profit analysis.
