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3 years ago

When new firms have an incentive to enter a competitive market, their entry will?

1 answer:

meriva3 years ago

5 0

When new firms have an incentive to enter a competitive market, their entry will BRING DOWN PROFITS OF EXISTING FIRMS IN THE MARKET.
This is because, those customers who are patronizing the existing firms before will start patronizing the new firms.

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A contingency reserve is money assigned to the project and allocated for identified risks for which contingent responses are dev

Rudik [331]

Answer:

The correct answer is letter "A": True.

Explanation:

Contingency reserves are funds that companies save to face economic hardships. In some cases, those negative situations can be expected while in some other cases they cannot -such as acts of God. Contingency plans come along with the contingency reserve to have an idea of what the company is going to do with the funds.

3 0

3 years ago

Assume that you are a freshman and live in your school's dormitory. The agreement you've signed with the school states that you

andriy [413]

Your agreement with the school best approximates a tenancy for years.

<h3><u>What is tenancy?</u></h3>

A legal arrangement known as tenancy in common (TIC) allows two or more persons to jointly hold a piece of real estate or a plot of land.
The amount of total property, whether commercial or residential, under the ownership of each independent owner may be equal or different.
Tenants in common refers to the parties. One of the three types of joint ownership is tenancy in common.
Joint tenancy and entire tenancy are the other two categories. When a tenant in common passes away, their portion of the property falls to their estate, where a beneficiary of the share of property may be named. A TIC has no right of survivorship.

The dormitory agreement has a starting and ending point making it a tenancy for years.

Know more about tenancy with the help of the given link:

brainly.com/question/14399900

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2 years ago

Eugene Co. has inventory it purchased for $6,000. It sells the inventory to a customer for $10,000, including installation. Inst

Scrat [10]

Answer:

The necessary entries would be:

Dr Accounts receivable $11,000

Cr Sales revenue $10,000

Cr Deferred revenue $,1000

Explanation:

Revenue should be recognized in the books of account where the selling party has performed its obligation of delivering goods or rendering services as contained in the sales contract.

This contract contains provision of goods -inventory that have been delivered and rendering of services-installation that is in progress, as a result the revenue relating to the former is due to be recognized now while the later would be recognized when is installation is concluded.

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3 years ago

Read 2 more answers

True or false: No gain or loss is reported when treasury stock is reissued because GAAP does not consider transactions between a

trapecia [35]

Answer:

true

Explanation:

GAAP does not allow gains or losses to be reported when a corporation reissues its treasury stock.

3 0

2 years ago

Unearned revenues are generally: Multiple Choice Revenues that have been earned and received in cash. Increases to common stock.

Leto [7]

Answer:

i dont get it, is there a question?

Explanation:

6 0

3 years ago