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3 years ago

If your company has a lot of competitors what does that do to your demand ?

Business

1 answer:

trapecia [35]3 years ago

6 0

Answer:

Decreases demand.

Explanation:

If there are a lot of competitors, there will be less demand for each individual company's product. For example, if you own the only restaurant in town everyone will come to eat there. However if there are 100 restaurants (increased competition) then fewer people will come to your place because they have so many other choices.

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Competitive advantage is: Easily duplicated by competitors Having a super idea The aggregation of factors that sets the small bu

lara [203]

Answer:

The aggregation of factors that sets the small business apart from its competitors and gives it a unique position in the market.

Explanation:

Competitive advantage is the edge in the market a business has over its competition resulting from offering consumers a better value, be it by offering lower prices on equivalent services and products or by providing products or services of a better quality than its competitors justifying higher prices.

The answer choice that better fits within the definition above is "The aggregation of factors that sets the small business apart from its competitors and gives it a unique position in the market".

3 0

3 years ago

A company changes from the straight-line method to an accelerated method of calculating depreciation, which will be similar to t

oee [108]

Answer: c. credit to Accumulated Depreciation.

Explanation:

When using the accelerated method of depreciation, depreciation amounts are higher in the earlier years unlike the straight-line method where depreciation is constant throughout the life of the asset.

The difference between the depreciation according to Straight-line and depreciation will be sent to the accumulated depreciation account as a credit to reflect the change and the depreciation for the period.

4 0

3 years ago

A few years ago, Michael purchased a home for $380,000. Today the home is worth $336,000. His remaining mortgage balance is $142

Vaselesa [24]

Answer:

The maximum amount he can borrow is $126,800.

Explanation:

Given:

Michael purchased a home for $380,000.

Market value of home = $336,000.

Current mortgage balance = $142,000.

Rate of borrowing at the market value = 80%.

Now, to find the maximum of amount Michael can borrow.

So, we find first the maximum mortgage amount:

Maximum mortgage amount = 80% of market value.

$=\frac{80}{100}\times 336,000$

$=0.80\times 336,000$

$=\$268,800.$

As, he still owes $142,000 mortgage in his home.

Now, to get the maximum amount he can borrow we use formula:

Maximum amount he can borrow = Maximum mortgage amount - Current mortgage balance.

Maximum amount he can borrow $=\$268,800-\$142,000$

Maximum amount he can borrow $=\$126,800.$

Therefore, the maximum amount he can borrow is $126,800.

6 0

4 years ago

The ZZZ Corporation issued $25 million in "poration issued $25 million in new common stock in 2013. It used $18 million of the i

nadya68 [22]

Answer:

correct option is C. of $18 million has occurred.

Explanation:

given data

poration issued = $25 million

new common stock = $25 million

investment = $18 million

repay bank loans = $7 million

solution

As here an an investment is an asset or commodity that is earned with the goal of gaining income or appreciation.

In here in the given statement , the total investment used to buy the equipment.

Bank loan repayment is not an investment

so correct option is C. of $18 million has occurred.

8 0

4 years ago

S corporation shareholders are subject to self-employment tax on business income allocations from the S corporation if they are

Mila [183]

Answer:

The statement is false

Explanation:

S corporations are pass through corporations, which means income earned is passed to the owners and they are taxed at individual level.

Shareholders of S corporation earns income in the form of wages and distributions. Wages are charged with payroll taxes. S corporation shareholders are not subject to self-employment taxes which is an advantage for them.

Therefore, the statement is false

3 0

4 years ago