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3 years ago

Which of the following best explains why the media industry is characterized

Business

2 answers:

Gwar [14]3 years ago

7 0

Answer:

The answer is C. Government licensing allows media companies to have a near monopoly.

Explanation:

Not anyone can start a media company just because they want to. There are barriers to entry such as the large capital expenditure, staffing, and the government licensing.

Among these, the major contributor towards the marketto become an oligopoly is the government licensing process.

There are many things to consider and do during the licensing process and it is highly time consuming as well. Moreover, the costs involved is significantly high as well.

trapecia [35]3 years ago

5 0

Answer:

C. Government licensing allows media companies to have a near monopoly.

Explanation:

An oligopolistic market is a market structure with a few numbers of firms, each firm has no control over the no firms. In an monopolistic market, there is barrier to entry and exit, and each firm can trade either differentiated or identical.

The media company is characterized with an oligopolistic market because of the monopolistic power given to few media companies.

The monopolistic power hinders just anyone to come into the industry, hence there is barrier to entry and exit.

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Whispering Winds Company had the following two transactions related to its delivery truck. 1. Paid $250 for an oil change. 2. Pa

inessss [21]

Answer:

Journal Entries

Account Dr. Cr.

Repair and maintenance Expense $250

Cash $250

Delivery truck $800

Cash $800

Explanation:

Property, plant and equipment are reported in the Fixed asset of the balance sheet. These assets are the depreciated. Fixed assets are initially recorded at cost.

Initially the amount capitalized includes the acquisition cost or purchase price and any direct cost incurred to make asset ready to use.

Any cost incurred to improve the efficiency of the asset will also be capitalised. In this question oil change is a routine maintenance cost needed to operate the asset. Installation of Special gear unit actually improved the efficiency of the asset as a whole. So, it is capitalised.

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3 years ago

At January 1, 2019, Vaughn Manufacturing has beginning inventory of 2000 surfboards. Vaughn estimates it will sell 7000 units du

Iteru [2.4K]

Answer:

Sales revenues= $1,317,150

Explanation:

Giving the following information:

Vaughn estimates it will sell 7000 units during the first quarter of 2019 with a 12% increase in sales each quarter.

Selling price= $150

<u>First, we need to calculate the number of units to be sold in the third quarter</u>:

Sale in units= 7,000*1.12^2= 8,781

<u>Now, sales revenues:</u>

Sales revenues= 8,781*150

Sales revenues= $1,317,150

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3 years ago

15. Karla Salons leased equipment from Smith Co. on July 1, 2021, in a finance lease. The present value of the lease payments di

quester [9]

Answer: $3,455

Explanation:

The interest received by Smith can be calculated as;

Interest Value = Present value of lease payment * interest rate

Present Value of interest rate

Ten annual lease payments of $12,000 are due each year beginning July 1, 2021.

That means first payment has been made already. Present value is;

= 81,100 - 12,000

= $69,100

Only half a year has gone by so this will need to be reflected;

Interest Value = Present value of lease payment * interest rate

= 69,100 * 10% * 6/12

= $3,455

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3 years ago

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Answer:

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3 years ago

Luann is conducting a performance appraisal on Bill. The form her company uses asks her to list the objectives that she and Bill

Setler [38]

Answer:

Objective System

Explanation:

The purpose of performance appraisal is to get the data of employee's performance in order to make future decisions, grant benefits, provide feedback, and measure overall performance.

There are many ways to gauge the performance appraisal and out of them one is objective performance appraisal in which focus is on the results of targeted objectives that the organization has given to the employees. This system doesn't give much importance to personal perceptions of the managers or supervisors on the performance of employees.

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3 years ago