Price discrimination is a rational strategy for a profit-maximizing monopolist where a monopolist is a price taker.
<h3>What is monopoly?</h3>
A monopoly is a dominant position of an industry or a sector by one company, to the point of excluding all other viable competitors. Monopolies are dangerous because they can become immensely powerful and use this power to further benefit themselves and gain even more power. A monopolist can raise the price of a product without worrying about the actions of competitors. In a perfectly competitive market, if a firm raises the price of its products, it will usually lose market share as buyers move to other sellers.
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Answer:
Dr Estimated Warranty Liability $9,700
Cr Parts Inventory $9,700.
Explanation:
Preparation of the entry to record the customer warranty repairs
Based on the information given we were told that Customers had to returned the merchandise for warranty repairs in which the amount of $9,700 was used in parts for repairs this means the journal entry to record the customer warranty repairs will be:
Dr Estimated Warranty Liability $9,700
Cr Parts Inventory $9,700.
Answer:
Explanation:
Financial activities would basically be anything that involves money but is does not involve an asset with value. This would instead be considered Investing activities if you are buying or selling any asset financial asset. Therefore the following would be considered...
a. Purchase of equipment (F)
b. Purchase of treasury stock
(I)
c. Reduction of long-term debt (F)
d. Sale of building (I)
e. Resale of treasury stock (I)
f. Increase in short-term debt (F)
g. Issuance of common stock (I)
h. Purchase of land (I)
i. Purchase of common stock of another firm (I)
j. Payment of cash dividends (I)
k. Gain on sale of land (I)
l. Repayment of debt principal (F)
There will be $2712 in Harry's account after 21 years.
Explanation:
The initial amount put into the investment account was $1200. This account has an interest rate of 6% every year. This means that for every year that money is kept in this account, the bank must pay them 6%. To do this we must calculate how much 6% of $1200 is
6% of $1000 is 0.06 * $1000 =$72.
So for every year, the interest of $72 is added into the account. To calculate total interest we multiply this interest amount and the number of years.
So after 21 years= $72 * 21 years = $1512.
So interest gained in 21 years is $1512 but this is only the interest amount. We must add the initial amount with this to find the total amount available in the account.
Total amount present= Inital amount + Amount due to interest= $1200 + $1512= $2712.
Answer:
d. long-term relationships and commitments.
Explanation:
- A lean system is a systematic approach that is used to identity and to eliminates of the wastes and the non-values added activity though the employee developments and continue improvements in all the structures and services.
- They precisely specify the values of the products and identity the long terms values and relationships and have commitments.