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4 years ago

What is the purpose of competition?

Business

2 answers:

9966 [12]4 years ago

7 0

Answer:

A.)

To act as a regulating force.

Xelga [282]4 years ago

5 0

The closest answer is to act as a motivating force behidn the free market. the purpose of competition is for businesses to try to outdo each other in order to earn more. By doing this, businesses will come up with newer ways to please their customers. From competition, we will come up with amazing innovative ideas and better products. This is of course better for the consumers and better for the economy because there will be more productivity

You might be interested in

How much of the $17,500 gross distribution reported on form 1099-r is taxable in 2015?

yaroslaw [1]

You have to divide the 38 months into the $1,320 received tax free.
Solution:
$1,320 divided by 38 months = $34.7368 per month
$34.74 times 12 = $416.84
$17,500 minus $417= $17,083

7 0

4 years ago

Costs that have been incurred and cannot be eliminated regardless of the alternative chosen are ________.

IrinaK [193]

Answer:

sunk costs

I'm assuming this is multiple choice, but since you haven't provided any of the options I dont know if this will be correct.

Explanation:

7 0

3 years ago

Uchdorf Company invested $9,620,000 in a new product line. The life cycle of the product is projected to be seven years with the

Harrizon [31]

Answer:

ARR is 11.23%

Explanation:

The formula for accounting rate of return(ARR)=Average net income/initial investment

Average net income=net income for relevant relevant years/number of years

net income for relevant years=$360,000+$360,000+$600,000+$1,080,000+$1,200,000+$2,520,000+$1,444,000=$ 7,564,000.00

number of years is 7

average net income=$ 7,564,000.00/7

=$1,080,571.43

Initial investment is $9,620,000

ARR=$1,080,571.43/ $9,620,000*100=11.23%

The average rate of return is 11.23%,the return expected on the average annually.

8 0

3 years ago

MC Qu. 160 Webster Corporation's monthly... Webster Corporation's monthly projected general and administrative expenses include

Cloud [144]

Answer:

the total general and admin expense is $8,200

Explanation:

The computation of the total general and admin expense is given below:

Administrative salaries $4,300

Other cash administrative expenses $1,700

Depreciation $2,200

General and administrative expenses budget $8,200

hence, the total general and admin expense is $8,200

We simply added the above 3 items so that the correct value could come

5 0

3 years ago

At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales $ 900,000Credit sales 300

Aleksandr [31]

Answer:

Explanation:

The journal entries are shown below:

a. Bad debt expense A/c Dr $4,500

To Allowance for doubtful debts $4,500

(Being bad debt expense is recorded)

The computation of the bad debt expense is shown below:

= Credit sales × estimated percentage given

= $300,000 × 1.5%

= $4,500

b. Bad debt expense A/c Dr $6,000

To Allowance for doubtful debts $6,000

(Being bad debt expense is recorded)

The computation of the bad debt expense is shown below:

= (Cash sales + Credit sales) × estimated percentage given

= ($900,000 + $300,000) × 0.5%

= $6,000

c. Bad debt expense A/c Dr $12,500

To Allowance for doubtful debts $12,500

(Being bad debt expense is recorded)

The computation of the bad debt expense is shown below:

= Allowance for doubtful accounts + (Accounts receivable × estimated percentage given )

= $5,000 + ($125,000 × 6%)

= $5,000 + $7,500

= $12,500

3 0

4 years ago