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MatroZZZ [7]
3 years ago
13

Which (if any) of the following scenarios is the result of a natural monopoly? Instructions: You may select more than one answer

. Click the box with a check mark for correct answers and click to empty the box for the wrong answers. Patent holders of genetically modified seeds are permitted to sue farmers who save seeds from one planting season to the next. unchecked Doctors in the United States are prohibited from practicing without a medical license. unchecked There is one train operator with service from Baltimore to Philadelphia. unchecked Coal is used as the primary energy in a country with abundant coal deposits.
Business
1 answer:
zheka24 [161]3 years ago
3 0

Answer:

There is one train operator with service from Baltimore to Philadelphia

Explanation:

A natural monopoly occurs when there is high fixed or start-up costs of conducting a business in a specific industry meaning a sole producer provides the good efficiently.

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Diana owns a bakery where she sells cupcakes. Two blocks down there is another bakery, CC's Bakery, that sells cupcakes for $1 l
elena-14-01-66 [18.8K]

Answer:

competitor-oriented pricing

Explanation:

competitor-oriented pricing is a technique for valuing in which a producer's value is resolved more by the cost of a comparable item sold by an incredible contender than by contemplation of purchaser request and cost of generation; likewise alluded to as Competition-Based Pricing.  

For instance: a firm needs to value another espresso producer. The company's rivals sell it at $25, and the organization thinks about that the best cost for the new espresso producer is $25. It chooses to set this very cost without anyone else item.

3 0
3 years ago
The following information is available for Barkley Company: 2017 2016 Accounts receivable $ 360,000 $400,000 Inventory 280,000 3
lubasha [3.4K]

Answer:

4.0 times

Explanation:

Given that,

2016:

Accounts receivables = $400,000

Inventory = 320,000

Net credit sales = 1,400,000

Cost of goods sold = 1,060,000

Net income = 170,000

2017:

Accounts receivables  = $360,000

Inventory = 280,000

Net credit sales = 3,000,000

Cost of goods sold = 1,200,000

Net income = 300,000

Inventory turnover ratio refers to the ratio between the cost of goods sold and average inventory.

Average inventory:

= (Beginning inventory + Ending inventory) / 2

= ($320,000 + $280,000) / 2

= $300,000

Therefore, the inventory turnover ratio for 2017 is as follows:

= Cost of goods sold / Average inventory

= 1,200,000 / 300,000

= 4.0 times

6 0
3 years ago
A. Calculate the net present value of the following project for discount rates of 0, 50, and 100%:
kherson [118]

Answer:

Net present value when discount rate is 0% = $15,750

Net present value when discount rate is 50% = $4,250

Net present value when discount rate is 100% = $0

IRR =100%

Explanation:

The net present value is the present value of after tax cash flows from a project.

The IRR is the discount rate that equates the after tax cash flows from an investment to the amount invested.

The net present value can be calculated using a financial calculator

Cash flow in year 0 = $-6,750

Cash flow for year one = $+4,500

Cash flow in year two = +18,000

Net present value when discount rate is 0% = $15,750

Net present value when discount rate is 50% = $4,250

Net present value when discount rate is 100% = $0

IRR =100%

I hope my answer helps you

5 0
3 years ago
Fluegge Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing
Softa [21]

Answer:

$14,016 favorable

Explanation:

The computation of the raw materials price variance is shown below:

= Actual Quantity × (Standard Price - Actual Price)

= 23,360 liters × ($5.40 - $4.80)

= 23,360 liters × $0.6

= $14,016 favorable

We simply deduct the actual price from the standard price and then multiplied it by the actual quantity so that actual value can come

8 0
3 years ago
Fred Company paid $48,000 for a two-year insurance policy, ($2,000 per month), on October 1 and recorded the $48,000 as a debit
QveST [7]

Answer:

The adjusting entry Fred should make on December 31, the end of the accounting period:

b. Debit : Insurance Expense 6,000 Credit: Prepaid Insurance 6,000

Explanation:

On October 1, Fred Company paid $48,000 for a two-year insurance policy, ($2,000 per month)

From October 1 to December 31, Fred Company has used the insurance for 3 months.

Insurance Expense = $2,000 x 3 = $6,000

The adjusting entry Fred should make on December 31, the end of the accounting period:

Debit Insurance Expense $6,000

Credit Prepaid Insurance $6,000

7 0
3 years ago
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