The governmental action which would eliminate some or all of the inefficiencies that results from monopoly pricing is; Choice B; Prohibiting the monopoly from price discrimination.
Discussion:
Price discrimination is a microeconomic pricing strategy where identical or largely similar goods or services are sold at different prices by the same provider(monopoly) in different markets.
In essence, when the government prohibits the monopoly from price discriminating, some of the inefficiencies of monopoly are eliminated.
Read more on monopoly;
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Given the Ricwy corporation maintenance cost is modeled by the formula y=4800+0.4x, the maintenance cost when x=9000 hours will be:
y=4800+0.4(9000)
y=4800+3600
y=$8400
The total maintenance cost for the month of August will be $8400
The greatest interest rate that John can accept and meet the criteria is 12.25% compounded monthly
The monthly payment formula for a loan:
Where PV is the principal value of the loan,
r is the rate per month,
n is the number of months,
Here, PV = $ 4,500, n = 36,
Let r be the annual rate of interest,
P ≤ 150
Thus, the greatest annual interest rate = 0.1225 = 12.25 %
Therefore, Option C is correct.
To know more about the monthly payments and interest rate, refer to the link below:
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Answer:
B. It is in everyone's best interests
Explanation:
Fredrick works for Vision, a billboard advertising agency. This agency specializes in hiring billboards from owners on behalf of clients. Simply put, Vision, an advertising agency, matches the need of its clients with the provision of billboards obtained from owners of such.
Fredrick works for the firm, and the implication is that, he's an agent of the agency firm, and the advertising firm is the Principal. The action of Fredrick routinely accepting pay-offs from the billboards owners contravenes this arrangement. Fredrick is thus acting parallel in line with his Principal.
It is thus worthy of note that Fredrick could only rationalize this action because he believes he is servicing the needs of the advertising agency and also the billboards owners. In his wisdom, everyone's objective is being made, bar the moral implications and obligations.
So, among the options enlisted, option B is the plausible answer.
Solution:
The record entry in accounting is the reporting of a report in an accounting document that displays the company's costs and credit balances. The amount of the payments must be equivalent to the sum of the credits otherwise the journal submission must be treated as unbalanced.
Raw material: a fundamental substance in its natural, changed or semi-managed condition, used as a contribution to the cycle of production for the eventual modification or transformation into a finished decent substance.
Pass journal entry
Particular Debit ($) Credit ($)
Raw material inventory (WN1) 210,000
Cash 210,000
Work in process 186,000
Raw material inventory 186,000
Factory overhead 15,000
Raw material inventory 15,000
