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Semmy [17]
3 years ago
5

Around the world, consumers are showing a robust appetite for the sharing-based economy. The presence of a few dominant companie

s in an industry makes it more difficult for entrepreneurs to start a business in that sector. Most Americans use their mobile devices for getting directions or listening to music rather than making purchases. Global trade has helped lift hundreds of millions of Chinese out of poverty. The United States was the most competitive economy in 2017.
Business
1 answer:
Crazy boy [7]3 years ago
8 0

Answer:

In recent decades the use of modern technologies such as the internet has changed the way it is consumed. Buy second-hand clothes, lend your own home, access entertainment content, obtain financing, share a meal, etc. This is collaborative economy or collaborative consumption

Explanation:

This collaborative economy is currently growing between 15% and 17% per year. For example, Uber, the digital application that connects passengers with drivers, in just five years is already worth approximately 68 billion dollars and operates in almost 132 countries. However, the success of this collaborative economy model poses a challenge to traditional companies. For example, in Europe, Uber has collided head-on against the taxi union, which accuses them of unfair competition.

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Slapshot Company makes ice hockey sticks. During the month of June, 1,900 sticks were completed at a cost of goods manufactured
Alexxx [7]

Answer:

Answer is $135,000...

8 0
3 years ago
Pesto Company possesses 80 percent of Salerno Company’s outstanding voting stock. Pesto uses the initial value method to account
hichkok12 [17]

Answer:

The retainesd earnings figure will increase by 464,400 dollars

Explanation:

<em><u>Parent Company premium: </u></em>

Premium: 750,000 / 20 years = 37,500 depreciation per year

unamortized portion at Dec 31th 2013:

amortized: 750,000 - 37,500 x 4 years = 150,000

unarmortized: 750,000 - 150,000 = 600,000

We must reverse 40% of the premium as is within the same company:

600,000 x 40% = 240,000

<u><em>Subsidiary Discount:</em></u>

16,500,000 X 40% = 6,600,000

Purchase at 96.6

Discount of 3.4 = 6,600,000 x 3.4% = 224,400

We must reverse this as is part of the same company.

In total retained earnings will increase by

240,000 + 224,400 =  464,400 dollars

8 0
3 years ago
Demmert Manufacturing incurred the following expenditures during the current fiscal year: annual maintenance on its equipment, $
ladessa [460]

Answer:

Annual maintenance on its equipment = Expensed

Remodelling of offices = Capitalised and depreciated.

Rearrangement of the shipping and receiving area = Capitalised and depreciated.

Addition of a security system = Capitalised and depreciated.

Explanation:

Annual maintenance on its equipment = $5,400  ( This is a normal maintenance bill and can be entirely expensed in the year it occurs.)

Remodelling of offices = $22,000 ( This is a part of the transformation process and should be capitalised and depreciated accordingly.)

Rearrangement of the shipping and receiving area = $35,000 (Since this is a reorganisation that would increase efficiency, it should be capitalised and depreciated.)

Addition of a security system = $25,000 ( Since this is an addition of asset, it should be capitalised and depreciated.)

3 0
3 years ago
A ________ is an agricultural based community in which a number of families live in close proximity to each other, with fields s
aksik [14]
<span>Cluster of rural settlements </span>
3 0
3 years ago
Hoffman-LaRoche Ltd. and BASF AG, two international pharmaceutical companies, were ordered to pay $725 million in fines for plot
olya-2409 [2.1K]

Answer:

Political and Legal

Explanation:

Hoffman-LaRoche Ltd. and BASF AG, two international pharmaceutical companies, were ordered to pay $725 million in fines for plotting to raise and fix prices of vitamins used in virtually every home in the U.S. This is an example of how <u>political and legal</u> forces affect the marketing environment.

Business organisations operate within a political system and legal framework. Political factors determine economic policies like taxation and regulations. Business decisions are subject to, and are affected by political and legal factors.

Governments formulate a series of legislations to monitor business activities and protect consumer and social interests.

Such laws would either create new opportunities or threats for the businesses in existence.

In the Scenario above Hoffman-LaRoche and BASF AG must have violated regulations that protect consumer interests put in place by the government by wanting consumers to pay too high for such necessities as vitamins and huge fines have been imposed on them.

7 0
3 years ago
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