<span>They will Set prices to match Company A
According </span><span>to the theory of price leadership, there will always be a company that become a market leader in determining the market's standard for acceptable price upon a certain product.
Usually, the most dominant company took this position because they had the capability to manufacture large quantity product to obtain cheaper price</span>
Black Friday is the day after Thanksgiving in the United States, which has traditionally been a holiday for many workers. Considered to mark the beginning of the holiday shopping season, it typically features significant discounts and special deals.
What is the point of shopping on Black Friday?
In the United States, it typically signals the beginning of the Christmas shopping season. Many stores hold heavily advertised sales at reduced prices and frequently open early, sometimes even before midnight on Thanksgiving.
What is it about Black Friday that makes customers so excited?
It is well-known for slashing prices in both online and offline stores, resulting in an increase in consumer spending. Typically, Black Friday marks the beginning of the holiday shopping season. You may have heard stories about the chaos that occurs in physical stores.
Learn more about Black Friday here:
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Answer:
Explanation:
The journal entry is shown below:
Factory Overhead A/c Dr $25,000
To Wages Payable A/c $25,000
(Being actual overhead cost is recorded)
For recording this transaction, we debited the factory overhead account and credited the wages payable account so that the correct posting can be done.
All other information which is given is not relevant. Hence, ignored it
Answer:
Explanation:
Gunnar Company September 30 Cash balance per books $2,750
Add:
Notes receivable $630
Less:
Deposit in transit. $200
Bank charge. $50
Outstanding Checks. $1,250
NSF Check. $290
Balance as per bank. $1,590
Answer:
Cash 291000 Dr
Factoring fees expense 9000 Dr
Accounts Receivables 300000 Cr
Explanation:
The factoring charge or fess is an expense for Laurel Company for the service provided by Hardy factors. So, whenever factoring is done, the ffactoring fees expense account will be debited as expense will increase. Th cash received is 300000 * 0.97 = 291000
The factoring fees is 300000*0.03 = 9000
As a result all of the accounts receivables will be credited from the books.
