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Artemon [7]
3 years ago
5

Which of the following business combinations is a vertical integration? A. The corner gas station buys the competitor across the

street and shuts them down to increase its own market share. B. The corner gas station and the competitor across the street agree to set their prices at the same level. C. The corner gas station acquires the gasoline distributor to ensure they can get gas in times of shortages. D. The corner gas station starts selling fireworks during December/January and June/July.
Business
1 answer:
drek231 [11]3 years ago
4 0

Answer:

  C. The corner gas station acquires the gasoline distributor to ensure they can get gas in times of shortages.

Explanation:

Vertical integration is the situation where the same company owns both the sources of supply and the distribution (retail) outlets. The description of (C) matches this definition.

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One current consumer trend is consumers who allow others to borrow a good or service for a small fee, usually done on an on-line
aev [14]

One current consumer trend is consumers who allow others to borrow a good or service for a small fee, usually done on an on-line platform. this is referred to as Sharing Economy.

The sharing economy is an economic model defined as peer-to-peer (P2P)-based activities of obtaining, providing, or sharing access to goods and services, often facilitated through online community-based platforms.

Under capitalism, the sharing economy is a socio-economic system built around the sharing of resources. It often involves a way of purchasing goods and services that differs from the traditional business model of a company that employs people to manufacture the products it sells to consumers.

Learn more about Sharing Economy here: brainly.com/question/28050979

#SPJ4

6 0
2 years ago
Current Attempt in Progress The ledger of Windsor, Inc. on March 31, 2017, includes the following selected accounts before adjus
Karo-lina-s [1.5K]

Answer:

31-Mar

Dr Insurance expense $ 330

Cr Prepaid Insurance $ 330

31-Mar

Dr Supplies expense $ 1,865

Cr Supplies $ 1,865

31-Mar

Dr Depreciation expense $ 170

Cr Accumulated Depreciation - Equipment $ 170

31-Mar

Dr Unearned Service Revenue $ 4,640

Dr Service Revenue $ 4,640

Explanation:

Preparation of the adjusting entries for the month of March

Windsor Inc.

Journal entries

31-Mar

Dr Insurance expense $ 330

Cr Prepaid Insurance $ 330

31-Mar

Dr Supplies expense $ 1,865

(2,820-955)

Cr Supplies $ 1,865

31-Mar

Dr Depreciation expense $ 170

Cr Accumulated Depreciation - Equipment $ 170

31-Mar

Dr Unearned Service Revenue $ 4,640 (11,600*2/5)

Dr Service Revenue $ 4,640

5 0
3 years ago
Wessner Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 6.20 Direct labor $
monitta

Answer:

d. $13.00

Explanation:

contributon margin = selling price - variable cost

sales price: $25 per unit

<u>list of variable cost:</u>

Direct mateirals              6.20

Direct labor                     2.80

variable overhead           1.45

sales commisions            1.00

adminsitrative variable<u>   0.55  </u>

total variable cost         12.00

$25 selling price per unit - $12 variable cost per unit =

$13 contribution margin per unit

This is the amount each units "contributes" to ay the fixed cost and make a gain during the period.

6 0
3 years ago
raphael spends $150 to purchase medical services from the medical clinic. susan earns $600 per week working for the medical clin
Deffense [45]

The following occur in the factor market:

Susan earns $600 per week working for the medical clinic.

Raphael earns $250 per week working for Dinah's diner.

The following occur in the product market:

Raphael spends $150 to purchase medical services from the medical clinic.

<h3>What is the factor and product market?</h3>

The product market and the factor market are the two major markets in the circular flow of income.

The product market is a marketplace where final goods and services are bought and sold. Intermediate goods are not sold in the product market.

The factor market is a market where the factors of production needed for the production of goods and services are bought and sold. Labor is one of the factors of production.

Thus, the services of Susan and Raphael would be exchanged in the factor market.  For offering their services in the factor market, Susan and Raphael are rewarded in the form of wages.

Here is the complete question;

Identify if each of the following scenario occurs in the factor market or in the product market.

raphael spends $150 to purchase medical services from the medical clinic.

susan earns $600 per week working for the medical clinic.

raphael earns $250 per week working for dinah's diner.

To learn more about the factor market, please check: brainly.com/question/17284274

#SPJ1

6 0
2 years ago
At the beginning of the period, Accounts Receivable equals $1,700. At the end of the period, Accounts Receivable equals $2,200.
True [87]

Answer:

$14,900

Explanation:

The computation of the cash received from customers are shown below:

= Opening balance of accounts receivable + service revenue - ending balance of accounts receivable

= $1,700 + $15,400 - $2,200

= $14,900

Simply we added the service revenue and deduct the ending balance of accounts receivable from the Opening balance of accounts receivable so that the accurate value can come.

4 0
3 years ago
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