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Julli [10]
3 years ago
8

Which of the following is a characteristic of monopolistic competition? rev: 05_15_2018 Multiple Choice relatively easy entry a

relatively small number of firms standardized product absence of nonprice competition
Business
1 answer:
CaHeK987 [17]3 years ago
6 0

Answer:

The correct answer is relatively easy entry.

Explanation:

Monopolistic competition is a market structure in which there are a large number of firms, the entry into the market is relatively easier than monopoly. These firms produce differentiated products which are close substitutes.  

The firm is a price maker and faces a downward-sloping demand curve. Unlike oligopoly decision of a firm does not affect its competitors. Though these firms do not show productive or allocative efficiency. They have excess capacity in the long run.

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Big Canyon Enterprises has bonds on the market making annual payments, with 12 years to maturity, a par value of $1,000, and a p
PSYCHO15rus [73]

Answer:

6.32%

Explanation:

Bonds yield amount = $1,030 × 6.14% = $63.242

Coupon rate = Bond yield amount ÷ Par value of the bond = $63.242 ÷ $1,000 = 0.063242, or 6.32%

Therefore, the coupon rate on the bonds must be 6.32%.

4 0
3 years ago
At the beginning of its fiscal year, Lakeside Inc. leased office space to LTT Corporation under a ten-year operating lease agree
iVinArrow [24]

Answer: $20,000

Explanation:

The effect of the lease on Lakeside's earnings will be the difference between the earnings from the lease and the cost of the building which will be depreciation.

Depreciation = 2,300,000/25

= $92,000 per year

Earnings per year;

= 28,000 * 4

= $112,000

Increase in earnings = 112,000 - 92,000

= $20,000

6 0
3 years ago
The Berne Conventions provides for international protection of copyrights.<br><br> True<br> False
kolezko [41]
False thank me later guys :)
8 0
2 years ago
Are all warranty costs accounted for under the accrual basis of​ accounting? explain.
stich3 [128]

All warranty costs accounted for under the accrual basis of accounting go under this section unless the repair cost does not have reasonable estimation. If the repair cost does not have reasonable estimation, it goes under the cash basis for accounting. The accrual basis method of accounting is when you record transactions for revenue when earned and expenses as they are incurred.

8 0
3 years ago
You just won the lottery, which promises you $200,000 per year for the next 20 years. You receive the first payment today (hint:
dsp73

Answer:

The present value of your winnings is <u>$1,959,555.65</u>.

Explanation:

Since  this is an annuity due as already hinted in the question, the formula for calculating the present value (PV) of an annuity is used as follows:

PV = P × [{1 - [1 ÷ (1 + r)]^n} ÷ r] × (1 + r) .................................. (1)

Where ;

PV = Present value of winnings =?

P = Annual payment = $200,000

r = interest rate = 9.25%, or 0.0925

n = number of years = 20

Substituting the values into equation (1) above, we have:

PV = $200,000 × [{1 - [1 ÷ (1 + 0.0925)]^20} ÷ 0.0925] × (1 + 0.0925)

PV = 200,000 ×8.96821807613347 × 1.0925

PV = $1,959,555.65

Therefore, the present value of your winnings is <u>$1,959,555.65</u>.

8 0
3 years ago
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