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In-s [12.5K]
3 years ago
12

Suppose there are monopoly profits in the production of​ airplanes, but two countries are each determined to capture the industr

y. When one country subsidizes its domestic​ firm, the other country matches the tactic. As a​ result, both firms stay in business. Who gains and who loses?
Business
1 answer:
jasenka [17]3 years ago
7 0

Answer:

The both firms lose and the consumers gain

Explanation:

This scenario paints the picture of a Price war.

A price war is a competition strategy known by repeatedly cutting prices below those of competitors.

As a competitor lowers its price, then others will lower their prices to match.

Eventually, price wars are beneficial to the buyers who are consumers, who can take advantage of lower prices.

Price cutting is not good for any of the competing companies involved because the lower prices reduce profit margins and can threaten their survival.

If this practice of price reduction continues the monopoly profits are erased, and the smaller, more marginal or less efficient firms cannot compete and must close.

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managers are the managers concerned with implementing the plans policies of top managers and supervising low level managers
Kazeer [188]

Answer:

Their responsibilities are influenced by top managers; however, their responsibilities are ... In order to do this, they must implement subunit strategies for achieving those objectives. ... They are concerned with intermediate range plan ... Managers at this level train and supervise the performance of nonmanagerial employees

7 0
3 years ago
Disadvantages of company borrow to much money from the bank
Kruka [31]
You have to pay back interest, and the later you pay, the more you owe!<span />
5 0
3 years ago
During 2021, its first year of operations, Pave Construction provides services on account of $152,000. By the end of 2021, cash
Softa [21]

Answer:

  • 1. Record the adjusting entry for uncollectible accounts on December 31, 2021.

Dr Bad Debt Expense $ 13.800  

Cr Allowance for Uncollectible Accounts  $ 13.800

  • 2-a. Record the write-off of accounts receivable in 2022.

Dr Allowance for Uncollectible Accounts $ 12.420  

Cr Accounts Receivable   $ 12.420

  • 2-b. Calculate the balance of Allowance for Uncollectible Accounts at the end of 2022

Final Balance 2022  

Cr Allowance for Uncollectible Accounts  $ 1.380

  • 3-a. Assume the same facts as above but assume actual write-offs in 2022 were $18,630. Record the write-off of accounts receivable in 2022.

Dr Allowance for Uncollectible Accounts $ 18.630  

Cr Accounts Receivable   $ 18.630

  • 3-b. Assume the same facts as above but assume actual write-offs in 2022 were $18,630. Calculate the balance of Allowance for Uncollectible Accounts at the end of 2022

Final Balance 2022  

Cr Allowance for Uncollectible Accounts  $ 7.176

Explanation:

Initial Balance  

Dr Accounts Receivable   $ 152.000

Cash collections on these accounts total $106,000  

Dr CASH $ 106.000  

Cr Accounts Receivable   $ 106.000

New Balance

Dr Accounts Receivable   $ 46.000

Pave estimates that 30% of the uncollected accounts will be uncollectible.  

Dr Bad Debt Expense $ 13.800  

Cr Allowance for Uncollectible Accounts  $ 13.800

 

FINAL BALANCE 2021  

Dr Accounts Receivable   $ 46.000

Cr Allowance for Uncollectible Accounts  $ 13.800

In 2022, the company writes off uncollectible accounts of $12,420  

Dr Allowance for Uncollectible Accounts $ 12.420  

Cr Accounts Receivable   $ 12.420

Final Balance 2022  

Dr Accounts Receivable  $ 33.580  

Cr Allowance for Uncollectible Accounts  $ 1.380

2-b. Calculate the balance of Allowance for Uncollectible Accounts at the end of 2022    

Dr Bad Debt Expense $ 10.074  

Cr Allowance for Uncollectible Accounts  $ 10.074

a. Assume the same facts as above but assume actual write-offs in 2022 were $18,630.    

Record the write-off of accounts receivable in 2022.  

Dr Allowance for Uncollectible Accounts $ 18.630  

Cr Accounts Receivable   $ 18.630

3-b. Assume the same facts as above but assume actual write-offs in 2022 were $18,630.  

Calculate the balance of Allowance for Uncollectible Accounts at the end of 2022  

Final Balance 2022  

Dr Accounts Receivable  $ 14.950  

Cr Allowance for Uncollectible Accounts  $ 7.176

6 0
3 years ago
Future value: Ning Gao is planning to buy a house in five years. She is looking to invest $25,000 today in an index mutual fund
Gemiola [76]

Answer:

$44,059

Explanation:

The formula and the computation of the future value is shown below:

Future value = Present value × (1 + interest rate)^number of years  

= $25,000 × (1 + 0.12)^65

= $25,000 × 1.7623416832

= $44,059

By applying the future value formula, we calculated the future value by considering the present value, interest rate, and the time period

6 0
3 years ago
In the last half of the twentieth century, Britain's Conservative Party sold state-owned enterprises to individual investors in
AlladinOne [14]

Answer:

Privatization

Explanation:

Privatization is a process in which the government sells companies it owns to private investors. This allows the industry to become less regulated as it has less government control which contributes to have a free market which is a system that has little or no control by the government. According to this, the process that Britain was using to create this economy is privatization.

4 0
3 years ago
Read 2 more answers
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