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VikaD [51]
3 years ago
9

Firms in a monopolistically competitive industry produce: a) homogeneous goods and services. b) differentiated products. c) mono

polistic goods only. d) only industrial products—and no consumer products. e) only consumer products—and no industrial products.
Business
2 answers:
Blizzard [7]3 years ago
8 0

Firms in a monopolistically competitive industry produce differentiated products.

slava [35]3 years ago
5 0

Answer:

Firms in a monopolistically competitive industry produce: differentiated products. - b)

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I think it's C

Explanation:

Hshdh lowballing is basically changing the price lower or higher until someone agrees right.

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The act that requires most employers to withhold certain amounts from employees' earnings for contributions to the Social Securi
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Answer:

Federal Insurance Contributions Act

Explanation:

The Federal Insurance Contributions Act refers to a law that establishes the federal taxes that are deducted from employees' salaries to get the funds for social services like Medicare, disability insurance, among others. According to  this, the answer is that the act that requires most employers to withhold certain amounts from employees' earnings for contributions to the Social Security and Medicare programs is called the Federal Insurance Contributions Act.

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Looking at both your personal skills and your personal qualities is called a _____.
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The answer to fill in the blank would be C) Self-evaluation.
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Psymon Company, Inc., sells construction equipment. The annual fiscal period ends on December 31. The following adjusted trial b
Vaselesa [24]

Answer:

(a) Multi-step income statement that would be used for internal reporting purposes

Sales Revenue                                                     217,400

Less Cost of Goods Sold                                   (126,800)

Gross Profit                                                           90,600

Less Operating Expenses

Salaries and Wages Expense             21,800

Office Expenses                                  22,800   (44,600)

Operating Income                                               46,000

Less Non Operating Expenses

Interest Expense                                                  (3,200)

Net Income Before Tax                                      42,800

Income Tax Expense                                          (12,840)

Net Income After Tax                                          29,960

(b) Multi step income statement that would be used for external reporting purposes

Sales Revenue                                                     217,400

Less Cost of Goods Sold                                   (126,800)

Gross Profit                                                           90,600

Less Operating Expenses

Salaries and Wages Expense             21,800

Office Expenses                                  22,800   (44,600)

Operating Income                                               46,000

Less Non Operating Expenses

Interest Expense                                                  (3,200)

Net Income Before Tax                                      42,800

Income Tax Expense                                          (12,840)

Net Income After Tax                                          29,960

(c) the gross profit percentage is 41.67%

Explanation:

Internal Reports versus External Reports

Internal reports do not have to conform to any Accounting Standards,However External reports have to confirm and be prepared according to accounting standards for Fair Representation and Comparability purposes

Gross Profit Percentage

Gross Profit Percentage = Gross Profit / Sales × 100

                                        = 90,600/ 217,400 × 100

                                        = 41.67%

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It increases the overall attitude of the place of business. Being fair and equal to all employees brings their morale up

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