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Cerrena [4.2K]
3 years ago
13

Identical products, as well as a large number of buyers and sellers, are characteristics of aperfectly competitive market. In su

ch markets, sellers of goodscan influence the prevailing market price, giving them the role of pricemakers in the market. True or False: The market for public utilities, such as gas and electricity, exhibits the two primary characteristics that define perfectly competitive markets.
Business
1 answer:
Triss [41]3 years ago
5 0

Answer and Explanation:

Perfect competition is a competitive market where there is a very wide number of buyers and sellers who offer the same or similar goods with great product and service information. Furthermore, this sector has free entry and exit

So it is a perfectly competitive market, also it cannot influence the market price also there are price takers

Also the given statement is false as it represents the monopoly market not the perfect competition market

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On november 1, 2018, the bagel factory signed a $100,000, 6%, six-month note payable with the amount borrowed plus accrued inter
Salsk061 [2.6K]

Answer:

A) debit interest expense, $1000

Explanation:

to determine the accrued interest expense = $100,000 x 6% x 2/12 = $1,000

the journal entry should be:

December 31, 2018, accrued interest expense on note payable:

Dr Interest expense 1,000

    Cr Accrued interest payable 1,000

Accrual accounting establishes that expenses must be recognize during the period that they occur regardless of when they are paid. So we must recognize 2 months worth of interest.

6 0
3 years ago
The present value of a future amount of money is the amount ​that, if invested​ today, will grow to be as large as that ​ _____
svetlana [45]

Answer: A. Present; B. Taken; C. Future; D. Present

Explanation:

The present value of a future amount of money is the amount ​that, if invested​ today, will grow to be as large as that ​present amount when the interest that it will earn is​ taken into account.

The calculation that we use to convert a​ future amount of money to its​ present value is called discounting.

8 0
3 years ago
Mika has borrowed $5,000 from her cousin Jun and not repaid it. Now, Mika is selling her house to Jun’s nephew, Cheong. As Mika
hram777 [196]

Answer:

Jun's pressure and influence has invalidated Mika's consent.

Explanation:

By threatening Mika with prosecution if she doesn't set a discount for the sale of her house on the grounds of her debt to her, she has influenced Jun's consent or rather coerced it and therefore Mika's consent is invalidated in the agreement. Consent is free under law if contract and should be given under undue influence, duress or any other vitiating factor that will render the contract null and void such as the example above

3 0
3 years ago
Dell Computer's primary consumer business takes orders from customers for specific configurations of desktop and laptop computer
irina1246 [14]

Answer:

Assemble to order

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The reason is that the customer places the order and all Dell does is just assemble the product and deliver it to its customers. Dell is using just in time mechanism and has all of its chips manufacturing, LED manufacturing, etc production facilities interconnected. Even its suppliers are close to its production sites. This enables Dell to produce products that the customer is desiring. So assembling products by just after taking the customer orders is "assemble to order mechanism".

8 0
3 years ago
8. Joe Davola planned to begin saving for his retirement starting next month. Joe’s plan was to invest $450 per month, starting
gayaneshka [121]
B.81.06 because joe began saving listen to began saving
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3 years ago
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