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3 years ago

An example of market power

Business

2 answers:

Minchanka [31]3 years ago

8 0

Monopoly and the game of life!

Soloha48 [4]3 years ago

7 0

A monopoly is the best example of a company with substantial market power

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The before-tax income for Ivanhoe Co. for 2020 was $104,000 and $81,200 for 2021. However, the accountant noted that the followi

Brilliant_brown [7]

Answer:

Corrected Income for 2020 is $ 86540 and for 2021 is $160,610

Explanation:

Ivanhoe Co.

Correction of Income for 2020 2021

The before-tax income $104,000 $81,200

1) Sales (39,000) 39000

2) Inventory (9,400) 9,400

3) Entry wrongly made 14,400 14,400

4) Correct Entry 15,680 15,680

5) Add Depreciation 860 930

Corrected Income $ 86540 $ 160,610

1) Sales are included when the purchaser gets the title . They are the liability of the seller so they will be deducted from 2020 sales and added to 2021.

2) Ending inventory is deducted from COGS as it is understated it will be deducted from 2020 income and added to the 2021 income when it becomes the opening inventory.

3) Interest was received not given so the it will be treated as revenue not expense and added to the income statement.

4) Actual interest received was ($ 240,000- $16,000)* 7% = $ 15680. So an entry for actual interest will be made.

5) Additional amount of depreciation was charged to 2020 and 2021 income statement which will be added back. 10 % of $ 8600= $ 860 for 2020 and 10% of $ 9,300= $ 930 for 2021

5 0

3 years ago

Universal Containers (UC) uses a legacy Employee portal for their employees to collaborate. Employees access the portal from the

kaheart [24]

Answer:

It's an independent system, because Salesforce is not part of the SSO setup.

Explanation:

A service provider is a website that hosts apps. You can enable Salesforce as an identity provider and define one or more service providers. Your users can then access other apps directly from Salesforce using SSO.

5 0

3 years ago

Exhibit 4.1 The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges

jeyben [28]

Answer:

77%

Explanation:

Total debt to total capital ratio = Total liabilities / Total assets

Total debt to total capital ratio = $53,900 / $70,000

Total debt to total capital ratio = 0.77

Total debt to total capital ratio is the ratio of its total debt to its total capital, its debt and equity combined and it is use to measure a company financial solvency.

3 0

3 years ago

Killian has designed a new board game for kids. His company is now figuring out who the target market is going to be and where t

VashaNatasha [74]

The correct answer is product development.

In the product development stage the company will work on things like the positioning and marketing of the new board game. Their goal is to create a need for the game and make people want to buy it.

7 0

3 years ago

Blossom Inc. uses the conventional retail method to determine its ending inventory at cost. Assume the beginning inventory at co

horsena [70]

Answer:

$1,012,696

Explanation:

The computation is shown below:

At Cost method:

Merchandise available for sale is :

= Beginning inventory + Purchases + Fright-in

= $403,500 + $3,608,000 + $169,500

= $4,181,000

At Retail method:

Merchandise available for sale:

= Beginning inventory + Purchases + Markups

= $604,000 + $5,393,600 + $424,000

= $6,421,600

Now

Ending inventory at retail is

= Retail - Markdowns - Net sales

= $6,421,600 - $0 - $4,866,000

= $1,555,600

Now

Cost to retail ratio is

= $4,181,000÷ ($4,866,000 + $1,555,600)

= 65.10%

And finally the ending inventory at cost is

= $1,555,600 × 65.10%

= $1,012,696

8 0

3 years ago