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Gnom [1K]
3 years ago
9

Which of the following best approximates a pure monopoly? rev: 05_15_2018 Multiple Choice

Business
1 answer:
goldfiish [28.3K]3 years ago
5 0

Answer:

3) The only bank in a small town

Explanation:

By definition a monopoly occurs when there is only one supplier in the market for a specific good or service. In this case, if there is only one bank that works in a small town, then that bank has a monopoly of all the town's residents that require banking services. If any resident doesn't like that specific bank, they need to go to another town in search for banking services.

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Traves Corporation incurred $69,000 of actual Manufacturing Overhead costs during October. During the same period, the Manufactu
Andru [333]

Answer:

                                           Dr.            Cr.  

Work in progess                68,000

Manufacturing overhead                68,000

Explanation:

The appliesmanufacturing overhead will be recorded to work in process account by debiting Work in process and crediting manufacturing overhead account. Now it will be added to the value of work in process and ultimately added to the value of finished goods which is Inventory value.

3 0
3 years ago
Following are transactions for Valdez Services, a company owned by Brina Valdez.
Alexus [3.1K]

Answer:

Transaction b and c

Explanation:

Revenue is the term of accounting which is defined as the income or money which is generated from the operations of the normal business and it involve the deductions for the returned merchandise and discounts.

It is created when the business offer some service to the clients and in return the money for the services provided by the company.

So, the transaction which generate the revenue are:

The company offered the service to customer and against it received the cash which amounts to $875.

The company offered the services to the customer on credit worth $2,300.

Therefore, these two transactions are the one which generate the revenue to the company.

6 0
3 years ago
Winkin contributes property with a value of $45,000 and Blinkin contributes property with a value of $90,000 to form Boat Corp i
Vitek1552 [10]

Answer:

Winkin, with 25 shares of Boat Corporation, qualifies for Section 351 deferral of any gain or loss.

Explanation:

IRC Section 351 has this major requirement; it only applies to the exchange of property for voting stock in the corporation. If any shareholder involved in the transaction receives equity for something other than voting stock, e.g. services; the transaction may not qualify for tax deferral.

3 0
3 years ago
If bids on keywords in a bid strategy are manually overwritten, how long will it take for the bid strategy to resume bidding on
muminat

Answer: 24 hours

Explanation:

When the max CPC is manually overriden, the new max CPC will remain for 24hours, this would make the search Ads 360 optimization system not to update the max CPC during this time. After 24hours margin, the search Ads 360 will resume optimizing your bids inorder to meet the goals of bid strategy in turn starts the max CPC manually.

5 0
3 years ago
If during the signing appointment the borrower divulges that the property being financed is an investment property, while the lo
Svetradugi [14.3K]

Answer:

contact the lender's representative immediately before signing the documents.

Explanation:

The above is an example of Actual or Potential misrepresentation which falls under Code of Conduct 5.10. Once a notary signing agent notices that during the signing appointment, the information provided by the borrower differs from what is on the loan document, he should immediately report such false misrepresentation (potential or actual misrepresentation or falsehood known) witnessed by the NSA in connection with a transaction to the representative of the NSA.

By contacting the lender's representative, the purpose for obtaining the loan will be confirmed whether the property being financed is an investment property or for a primary residency otherwise the notary signing agent will be held responsible for any infraction if his signature is appended because he is expected to verify the authenticity of the information provided.

7 0
3 years ago
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