1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Maksim231197 [3]
3 years ago
6

Carfax offers a report on used cars for $39.99. It details the ownership type and history, vehicle mileage, accident reports, an

d other information. Carfax is an example of how markets try to:
Business
1 answer:
Marysya12 [62]3 years ago
3 0

Answer:

lessen the lemons problem by reducing asymmetric information.

Explanation:

Since in the question it is mentioned that the Carfax offered a report on a cars that are used for $39.99. The information involves type of ownership, history, vehicle mileage, accident reports, and other type of information

Based on the above information, the markets lowered the lemon problem i.e. asymmetric information that represents the failure of information

You might be interested in
Flounder Corp. uses a periodic inventory system and reports the following for the month of June. Date Explanation Units Unit Cos
iragen [17]

Answer:

Flounder Corp.

                                   Weighted Average      FIFO             LIFO

Ending Inventory              $1,414                   $1,580           $1,280

Cost of goods sold          $2,796                 $2,630          $2,930

Explanation:

a) Data and Calculations:

Date        Explanation      Units     Unit Cost     Total Cost

June 1     Inventory            100          $5               $ 500

June 12   Purchases         385            6                 2,310    

June 23  Purchases        200             7                 1,400

               Total units        685                            $ 4,210

June 30  Inventory          230

June 30  Units Sold        455  (685 - 230)

Weighted Average Cost = Total costs/Total units bought

= $4,210/685 = $6.146

Weighted Average:

Ending Inventory = $1,414 ($6.146 * 230)

Cost of goods sold = $2,796 ($6.146 * 455)

FIFO:

Ending Inventory  = (30 * $6) + (200 * $7) = $1,580

Cost of goods sold = (100 * $5) + (355 * $6) = $2,630

LIFO:

Ending Inventory = (100 * $5) + (130 * $6) = $1,280

Cost of goods sold = (200 * $7) + (255 * $6) = $2,930

The weighted average method is based on an average cost for estimating the cost of ending inventory and cost of goods sold.  The FIFO method assumes that goods bought initially are the first to be sold while the LIFO method assumes that goods bought last are the first to be sold.

6 0
3 years ago
Select the law that determines if the strategy is legal or illegal. 1. WCG agrees with its cell plan competitors to raise prices
Llana [10]

Answer:

The given laws for each are as follows:

Explanation:

1. WCG agrees with its cell plan competitors to raise prices for all customers - Sherman Antitrust Act

2. WCG colludes with another company to stop offering family plan discounts - Sherman Antitrust Act

3. WCG decides to advertise a new plan that is 75 percent off the regular plan, even though it is only 20 percent less - Wheeler-Lea Act

4. WCG promises retail consumers a "wholesale" rate, even though it is the same price as always - Wheeler-Lea Act

5. WCG wants to attract more women to its plans and starts offering female consumers 30 percent off their bill - Robinson-Patman Act

6. WCG offers a discount to teenage males in an effort to get customers from its more trendy competitor - Robinson-Patman Act

5 0
3 years ago
On a total product curve with labor on the horizontal axis, the inflection point represents the quantity of labor where
emmainna [20.7K]
The appropriate response is the marginal product of labor is at its most elevated. In financial aspects, the marginal product of labor (MPL) is the adjustment in yield that outcomes from utilizing an additional unit of work. The minimal result of an element of generation is by and large characterized as the adjustment in yield-related with an adjustment in that component, holding different contributions to creation steady.
3 0
3 years ago
Usa jobs is an example of what​
Dennis_Churaev [7]

Answer: A way to earn money.

Explanation: There are many other ways to earn, like selling drugs, or robbing a elderly woman who tries to hit you with her cheap shoulder bag. There are many ways.

6 0
3 years ago
4. Malik's father recently died. His dad had an insurance
Salsk061 [2.6K]

The type of insurance money that Malik has received indicates life insurance and the correct option is D.

<h3>What is life insurance?</h3>

Life insurance is an agreement wherein a policyholder will pay everyday premiums in alternate for a lump-sum demise benefit that can be paid to the policyholder's beneficiaries. The lump-sum gain is paid while the policyholder passes away or a selected amount of time has passed.

Hence, The type of insurance money that Malik has received indicates life insurance and the correct option is D.

learn more about life insurance here:

brainly.com/question/1373572

#SPJ1

7 0
2 years ago
Other questions:
  • Which of the following did not result in economic growth? Many citizens emigrating from Zimbabwe when a politically repressive r
    7·1 answer
  • What is capital budgeting?
    9·1 answer
  • An accounting professor at Middleton University devotes 60 percent of her time to teaching, 30 percent of her time to research a
    7·1 answer
  • Greer Company developed the following data for the current year:
    7·1 answer
  • Adrian is part of a team that builds and assembles wind turbines. Because the turbines are so large, the team travels to the bui
    10·1 answer
  • The team act was introduced in congress to explicitly outlaw labor-management committees that do not seek to negotiate collectiv
    10·1 answer
  • Helpppp !!!
    11·1 answer
  • Who is credited with pioneering the principles of the scientific approach to management ?
    7·2 answers
  • When preparing a presentation, you want to learn about the audience so that you can tailor your message accordingly. What factor
    8·1 answer
  • lo8 - sleazy, inc. was accused of explicit colluding with several other companies because the sleazy directly negotiated pricing
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!