Answer:
firms coordinate their decisions to act as a multi-plant monopoly..
Explanation:
A cartel is a group of countries or firms that have reached an agreement to work together in order to influence or decide market prices for goods and services by controlling sales and the level of production or quantity of output.
In the cartel model firms coordinate their decisions to act as a multi-plant monopoly, wherein the level of production or quantity of output is divided into many production plants.
<em>The main purpose of having the cartels do this is to make marginal cost (MC) equal to marginal revenue (MR) in the various production plants, so as to create monopoly profits by making sure each plant has its own cost. </em>
Answer:
Broker
Explanation:
A licensed broker must dispaly his or her name boldly in their primary place of business at all times becasue it helps to identify a broker quickly as well as has gives confidence to customers to transact business with them.
Cheers.
Answer:
40 pounds would be the average inventory
Explanation:
Total Order quantity= 80 pounds
Average inventory level = Order quantity / 2
= 80 pounds / 2
= 40 pounds
Hence, 40 pounds would be the average inventory
Answer:
bad debt expense 38,100
Explanation:
We will adjust the allowance to match the estimated incollectible accounts, this adjustment will done against the bad debt expense account which, will be disclusure on the income statement.
allowance for uncollectble accounts 44,300
current balance (6,200)
adjustment for allowance 38,100
<u>Then, the company will do the adjusting entry:</u>
bad debt expense 38,100 debit
allowance for uncollectible account 38,100 credit
This will be the bad dent expense in the income statement.
The answer is d. 91 percent
